Riskified Ltd. (NYSE:RSKD) Receives $5.72 Average PT from Analysts

Shares of Riskified Ltd. (NYSE:RSKD) have earned a consensus recommendation of “Hold” from the eight analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $5.72.

A number of equities analysts recently commented on RSKD shares. UBS Group lowered their target price on shares of Riskified from $4.75 to $4.50 and set a “neutral” rating for the company in a research note on Thursday, November 14th. The Goldman Sachs Group lowered their target price on shares of Riskified from $4.50 to $4.00 and set a “sell” rating for the company in a research note on Monday, December 2nd. Piper Sandler decreased their price objective on shares of Riskified from $7.00 to $6.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. DA Davidson upgraded shares of Riskified to a “hold” rating in a research note on Thursday, November 14th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Riskified from $5.50 to $5.25 and set a “market perform” rating for the company in a research note on Thursday, November 14th.

Riskified Stock Up 1.9 %

Riskified stock opened at $5.20 on Friday. The stock’s fifty day simple moving average is $4.88 and its 200-day simple moving average is $4.95. Riskified has a twelve month low of $4.14 and a twelve month high of $6.64.

Riskified (NYSE:RSKD) last issued its earnings results on Wednesday, November 13th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $78.80 million during the quarter, compared to the consensus estimate of $75.01 million. Riskified had a negative net margin of 10.72% and a negative return on equity of 6.00%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.12) earnings per share. On average, analysts predict that Riskified will post -0.15 earnings per share for the current fiscal year.

Riskified announced that its Board of Directors has approved a share repurchase plan on Wednesday, November 13th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to repurchase up to 9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Riskified

A number of institutional investors and hedge funds have recently made changes to their positions in RSKD. State of New Jersey Common Pension Fund D purchased a new stake in shares of Riskified in the second quarter valued at about $208,000. Renaissance Technologies LLC raised its holdings in shares of Riskified by 17.2% in the second quarter. Renaissance Technologies LLC now owns 1,118,900 shares of the company’s stock valued at $7,150,000 after buying an additional 164,600 shares during the last quarter. Sei Investments Co. raised its holdings in Riskified by 110.8% during the second quarter. Sei Investments Co. now owns 34,991 shares of the company’s stock worth $224,000 after purchasing an additional 18,392 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Riskified during the second quarter worth about $163,000. Finally, Susquehanna Fundamental Investments LLC raised its holdings in Riskified by 18.2% during the second quarter. Susquehanna Fundamental Investments LLC now owns 75,058 shares of the company’s stock worth $480,000 after purchasing an additional 11,574 shares in the last quarter. 58.98% of the stock is owned by hedge funds and other institutional investors.

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.