Riskified (RSKD) to Release Quarterly Earnings on Wednesday

Riskified (NYSE:RSKD) is set to announce its earnings results before the market opens on Wednesday, November 15th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. Riskified has set its FY 2023 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

Riskified (NYSE:RSKD) last posted its earnings results on Tuesday, August 15th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.03. Riskified had a negative net margin of 25.53% and a negative return on equity of 13.48%. The firm had revenue of $72.77 million during the quarter, compared to analyst estimates of $72.08 million. On average, analysts expect Riskified to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Riskified Stock Performance

RSKD stock opened at $4.01 on Wednesday. The firm has a fifty day moving average price of $4.21 and a 200 day moving average price of $4.59. Riskified has a fifty-two week low of $3.48 and a fifty-two week high of $6.73. The firm has a market cap of $656.66 million, a PE ratio of -9.54 and a beta of 1.20.

Institutional Trading of Riskified

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wolverine Trading LLC lifted its position in shares of Riskified by 192.9% during the second quarter. Wolverine Trading LLC now owns 10,130 shares of the company’s stock worth $49,000 after purchasing an additional 21,030 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Riskified by 38.7% during the second quarter. California State Teachers Retirement System now owns 77,608 shares of the company’s stock worth $377,000 after purchasing an additional 21,644 shares during the last quarter. XTX Topco Ltd lifted its position in shares of Riskified by 62.7% during the second quarter. XTX Topco Ltd now owns 17,167 shares of the company’s stock worth $83,000 after purchasing an additional 6,618 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Riskified during the second quarter worth $47,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Riskified during the second quarter worth $74,000. 31.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on RSKD shares. UBS Group started coverage on shares of Riskified in a report on Friday, October 20th. They issued a “buy” rating and a $5.75 target price for the company. Piper Sandler cut their target price on shares of Riskified from $7.00 to $5.00 and set an “overweight” rating for the company in a report on Monday, October 23rd. The Goldman Sachs Group dropped their price objective on shares of Riskified from $6.00 to $5.50 in a research note on Thursday, July 13th. Finally, Truist Financial reaffirmed a “buy” rating and set a $7.50 price objective on shares of Riskified in a research note on Wednesday, August 16th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Riskified has a consensus rating of “Moderate Buy” and a consensus target price of $6.25.

Riskified Company Profile

Riskified Ltd. develops and offers 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, the Asia-Pacific, 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; and PSD2, an optimize product` that help merchants to avoid bank authorization failures and abandoned shopping carts resulting from the secure customer authentication process.