$56.14 Million in Sales Expected for Riskified Ltd. (NYSE:RSKD) This Quarter

Brokerages predict that Riskified Ltd. (NYSE:RSKD – Get Rating) will post sales of $56.14 million for the current quarter, according to Zacks. Five analysts have made estimates for Riskified’s earnings, with estimates ranging from $55.00 million to $57.36 million. The company is expected to report its next earnings report on Monday, January 1st.

On average, analysts expect that Riskified will report full year sales of $255.39 million for the current financial year, with estimates ranging from $254.76 million to $256.20 million. For the next financial year, analysts expect that the business will report sales of $324.29 million, with estimates ranging from $311.76 million to $340.00 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover Riskified.

Riskified (NYSE:RSKD – Get Rating) last posted its earnings results on Wednesday, February 23rd. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.01. Riskified had a negative return on equity of 49.24% and a negative net margin of 75.96%. The firm had revenue of $69.83 million during the quarter, compared to the consensus estimate of $67.32 million. During the same period last year, the company earned $0.05 earnings per share. The business’s quarterly revenue was up 22.4% on a year-over-year basis.

A number of research analysts have weighed in on the stock. The Goldman Sachs Group dropped their price objective on shares of Riskified from $7.00 to $6.50 and set a “sell” rating on the stock in a research note on Friday, April 8th. Truist Financial cut their target price on Riskified from $23.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, February 22nd. Credit Suisse Group cut their price objective on shares of Riskified from $18.00 to $12.00 and set an “outperform” rating for the company in a research report on Thursday, February 24th. Barclays lowered their price target on Riskified from $15.00 to $8.00 in a report on Thursday, February 24th. Finally, Piper Sandler reduced their price objective on Riskified from $14.00 to $10.00 and set a “neutral” rating on the stock in a research note on Thursday, February 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.79.

NYSE:RSKD opened at $5.30 on Friday. The company has a fifty day moving average of $6.37 and a 200-day moving average of $9.74. Riskified has a twelve month low of $5.11 and a twelve month high of $40.48.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. bought a new position in Riskified in the 4th quarter worth $63,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of Riskified during the 1st quarter worth about $65,000. Griffin Asset Management Inc. bought a new position in shares of Riskified during the first quarter valued at approximately $71,000. D. E. Shaw & Co. Inc. purchased a new position in Riskified during the 4th quarter valued at $85,000. Finally, Credit Suisse AG bought a new position in Riskified in the 4th quarter valued at $91,000. Institutional investors and hedge funds own 21.62% of the company’s stock.

Riskified Company Profile (Get Rating)

Riskified Ltd. operates an e-commerce risk management platform that allows online merchants to create trusted relationships with their consumers in the United States, Europe, the Middle East, Africa, and internationally. It offers Chargeback Guarantee that approves or denies online orders; Policy Protect and Account Secure, which identifies and blocks consumers that may be taking advantage of the merchant's terms and conditions or that may be trying to gain unauthorized access to another consumer's account; Deco and PSD2, a optimize products that help merchants to avoid bank authorization failures and abandoned shopping carts resulting from the secure customer authentication process.

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