Riskified (NYSE:RSKD – Get Free Report) 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 – Get Free Report) 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
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.
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