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

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on RSKD shares. DA Davidson raised shares of Riskified to a “hold” rating in a report on Thursday, November 14th. Keefe, Bruyette & Woods dropped their price objective on Riskified from $5.50 to $5.25 and set a “market perform” rating for the company in a report on Thursday, November 14th. UBS Group reduced their target price on Riskified from $4.75 to $4.50 and set a “neutral” rating on the stock in a report on Thursday, November 14th. Piper Sandler dropped 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. Finally, The Goldman Sachs Group reduced their price objective on shares of Riskified from $4.50 to $4.00 and set a “sell” rating on the stock in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.72.

Riskified Stock Up 5.2 %

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

Riskified (NYSE:RSKD) last released its quarterly earnings data on Wednesday, November 13th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $78.80 million for the quarter, compared to the consensus estimate of $75.01 million. During the same quarter last year, the business posted ($0.12) EPS. Riskified’s revenue for the quarter was up 9.6% on a year-over-year basis. As a group, research analysts forecast that Riskified Ltd. will post -0.15 earnings per share for the current fiscal year.

Riskified declared that its Board of Directors has initiated 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 buy up to 9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Riskified

A number of institutional investors have recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS acquired a new stake in shares of Riskified in the fourth quarter valued at about $89,000. Sei Investments Co. increased its position in Riskified by 16.2% during the 4th quarter. Sei Investments Co. now owns 94,545 shares of the company’s stock valued at $447,000 after purchasing an additional 13,171 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Riskified by 89.7% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 83,369 shares of the company’s stock worth $394,000 after purchasing an additional 39,412 shares during the last quarter. Teacher Retirement System of Texas lifted its position in shares of Riskified by 137.0% in the 4th quarter. Teacher Retirement System of Texas now owns 24,346 shares of the company’s stock worth $115,000 after purchasing an additional 14,072 shares during the period. Finally, Monimus Capital Management LP acquired a new position in shares of Riskified in the 4th quarter worth approximately $3,428,000. 58.98% of the stock is owned by institutional investors.

Riskified Company Profile

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.