Riskified Ltd. (NYSE:RSKD – Get Rating) has earned a consensus rating of “Hold” from the nine brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $11.93.
A number of equities research analysts have commented on RSKD shares. Zacks Investment Research upgraded Riskified from a “sell” rating to a “hold” rating in a research note on Thursday, March 3rd. Credit Suisse Group decreased their price target on Riskified to $10.00 and set an “outperform” rating for the company in a research note on Wednesday, May 18th. Truist Financial decreased their price target on Riskified from $23.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, February 22nd. The Goldman Sachs Group reduced their price objective on Riskified from $7.00 to $6.50 and set a “sell” rating for the company in a research note on Friday, April 8th. Finally, Piper Sandler reduced their price objective on Riskified to $7.00 and set a “neutral” rating for the company in a research note on Wednesday, May 18th.
A number of institutional investors and hedge funds have recently modified their holdings of RSKD. BlackRock Inc. acquired a new stake in Riskified in the third quarter valued at approximately $6,842,000. Citigroup Inc. acquired a new stake in Riskified in the third quarter valued at approximately $470,000. Goldman Sachs Group Inc. acquired a new stake in Riskified in the third quarter valued at approximately $231,000. Oppenheimer & Co. Inc. acquired a new stake in Riskified in the third quarter valued at approximately $262,000. Finally, CNA Financial Corp acquired a new stake in Riskified in the third quarter valued at approximately $520,000. 23.92% of the stock is currently owned by institutional investors.
Riskified (NYSE:RSKD – Get Rating) last issued its quarterly earnings data on Tuesday, May 17th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.09. Riskified had a negative return on equity of 26.19% and a negative net margin of 69.08%. The company had revenue of $58.90 million for the quarter, compared to the consensus estimate of $55.90 million. The company’s revenue was up 15.3% on a year-over-year basis. On average, sell-side analysts predict that Riskified will post -0.68 EPS for the current fiscal year.
About Riskified (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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