Riskified (NYSE:RSKD) Stock Price Up 4.7% – What’s Next?

Riskified Ltd. (NYSE:RSKD)’s share price shot up 4.7% during mid-day trading on Tuesday . The stock traded as high as $5.93 and last traded at $5.89. 469,824 shares traded hands during trading, an increase of 1% from the average session volume of 465,680 shares. The stock had previously closed at $5.62.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RSKD. Piper Sandler decreased their price target on Riskified from $7.00 to $6.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. The Goldman Sachs Group reduced their price objective 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. DA Davidson raised shares of Riskified to a “hold” rating in a research report on Thursday, November 14th. UBS Group lowered their price target on Riskified from $4.75 to $4.50 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Finally, Keefe, Bruyette & Woods decreased their target price on Riskified from $5.50 to $5.25 and set a “market perform” rating for the company in a research note on Thursday, November 14th. One equities 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $5.72.

Riskified Price Performance

The firm has a market capitalization of $1.05 billion, a P/E ratio of -29.52 and a beta of 1.38. The stock’s 50 day moving average is $4.96 and its two-hundred day moving average is $4.88.

Riskified (NYSE:RSKD) last released its quarterly earnings data on Wednesday, November 13th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. The business had revenue of $78.80 million for the quarter, compared to analyst estimates of $75.01 million. Riskified had a negative net margin of 10.72% and a negative return on equity of 6.00%. Riskified’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.12) EPS. As a group, equities research analysts expect that Riskified Ltd. will post -0.15 EPS for the current year.

Riskified declared that its board has initiated a share buyback 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 stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Riskified

Several institutional investors and hedge funds have recently added to or reduced their stakes in RSKD. KLP Kapitalforvaltning AS acquired a new stake in Riskified in the 4th quarter valued at about $89,000. Teacher Retirement System of Texas lifted its holdings in Riskified by 137.0% during the 4th quarter. Teacher Retirement System of Texas now owns 24,346 shares of the company’s stock valued at $115,000 after purchasing an additional 14,072 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Riskified in the third quarter valued at $120,000. Olympiad Research LP bought a new position in shares of Riskified in the third quarter valued at about $150,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Riskified during the 2nd quarter worth about $163,000. 58.98% of the stock is owned by 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.