By otakuyassine3@gmail.com 
Shares of Riskified Ltd. (NYSE:RSKD – Get Free Report) have been given a consensus rating of “Hold” by the eight ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $5.72.
A number of equities analysts recently commented on RSKD shares. The Goldman Sachs Group dropped their price objective on Riskified from $4.50 to $4.00 and set a “sell” rating on the stock in a report on Monday, December 2nd. DA Davidson upgraded Riskified to a “hold” rating in a research note on Thursday, November 14th. Keefe, Bruyette & Woods cut their price objective on Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a research note on Thursday, November 14th. UBS Group cut their target price on shares of Riskified from $4.75 to $4.50 and set a “neutral” rating for the company in a research report on Thursday, November 14th. Finally, Piper Sandler decreased their target price on Riskified from $7.00 to $6.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th.
Get Our Latest Stock Report on Riskified
Riskified Stock Down 0.1 %
RSKD stock opened at $5.17 on Friday. The company has a 50 day moving average of $4.86 and a two-hundred day moving average of $4.95. Riskified has a 12-month low of $4.14 and a 12-month high of $6.64. The company has a market cap of $920.76 million, a price-to-earnings ratio of -25.82 and a beta of 1.37.
Riskified (NYSE:RSKD – Get Free Report) last released its quarterly earnings data on Wednesday, November 13th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Riskified had a negative return on equity of 6.00% and a negative net margin of 10.72%. The firm had revenue of $78.80 million during the quarter, compared to analysts’ expectations of $75.01 million. During the same quarter last year, the firm earned ($0.12) earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, research analysts anticipate that Riskified will post -0.15 EPS for the current year.
Riskified declared that its board has authorized a stock repurchase program on Wednesday, November 13th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the company to repurchase up to 9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in RSKD. Clal Insurance Enterprises Holdings Ltd increased its holdings in Riskified by 76.0% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,734,508 shares of the company’s stock worth $31,854,000 after buying an additional 2,907,585 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Riskified by 0.3% during the 4th quarter. Jennison Associates LLC now owns 5,701,408 shares of the company’s stock worth $26,968,000 after purchasing an additional 19,264 shares during the last quarter. Harvey Partners LLC raised its holdings in shares of Riskified by 9.7% in the 3rd quarter. Harvey Partners LLC now owns 3,227,500 shares of the company’s stock valued at $15,266,000 after purchasing an additional 286,500 shares during the period. Clearline Capital LP lifted its stake in Riskified by 10.3% in the 3rd quarter. Clearline Capital LP now owns 1,853,922 shares of the company’s stock valued at $8,769,000 after purchasing an additional 173,694 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Riskified by 17.2% during the second quarter. Renaissance Technologies LLC now owns 1,118,900 shares of the company’s stock worth $7,150,000 after purchasing an additional 164,600 shares during the period. Institutional investors and hedge funds own 58.98% of the company’s stock.
About Riskified
Riskified Ltd., together with its subsidiaries, develops and offers an e-commerce risk management platform that allows online merchants to create trusted relationships with consumers in the United States, Europe, the Middle East, Africa, the Asia-Pacific, and the Americas. It offers Chargeback Guarantee that ensures the legitimacy of merchants’ online orders; Policy Protect, a machine learning solution designed to detect and prevent refund and returns policy abuse in real-time; Account Secure, a solution that cross-checks every login attempt; Dispute Resolve, which is used to compile submissions for fraud and non-fraud related chargeback issues; and PSD2 Optimize that helps merchants avoid bank authorization failures and abandoned shopping carts.
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