Riskified Ltd. (NYSE:RSKD) Receives $5.84 Consensus Price Target from Analysts

Riskified Ltd. (NYSE:RSKD) has been assigned an average recommendation of “Hold” from the eight analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $5.84.

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

Institutional Investors Weigh In On Riskified

A number of institutional investors and hedge funds have recently modified their holdings of RSKD. Clal Insurance Enterprises Holdings Ltd increased its position 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. Acadian Asset Management LLC increased its holdings in shares of Riskified by 199.4% during the 2nd quarter. Acadian Asset Management LLC now owns 2,632,439 shares of the company’s stock worth $16,803,000 after acquiring an additional 1,753,260 shares during the last quarter. Jennison Associates LLC raised its stake in Riskified by 11.2% in the 3rd quarter. Jennison Associates LLC now owns 5,682,144 shares of the company’s stock valued at $26,877,000 after acquiring an additional 573,596 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Riskified during the 3rd quarter valued at $1,438,000. Finally, Allspring Global Investments Holdings LLC boosted its position in Riskified by 37.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,052,944 shares of the company’s stock worth $4,980,000 after purchasing an additional 286,603 shares during the period. 58.98% of the stock is owned by institutional investors.

Riskified Price Performance

NYSE:RSKD opened at $4.73 on Monday. The business’s 50-day simple moving average is $4.68 and its 200-day simple moving average is $5.14. Riskified has a fifty-two week low of $4.14 and a fifty-two week high of $6.64. The stock has a market capitalization of $843.24 million, a PE ratio of -23.65 and a beta of 1.38.

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

Riskified declared that its Board of Directors has authorized a share buyback program on Wednesday, November 13th that permits the company to buyback $75.00 million in outstanding 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 management believes its shares are undervalued.

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.