Riskified (NYSE:RSKD) Announces Earnings Results

Riskified (NYSE:RSKD) released its quarterly earnings data on Thursday. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02, FiscalAI reports. Riskified had a negative return on equity of 3.64% and a negative net margin of 4.23%.The company had revenue of $98.69 million for the quarter, compared to the consensus estimate of $89.18 million.

Riskified Stock Up 1.2%

Riskified stock traded up $0.07 during mid-day trading on Friday, reaching $6.53. 2,190,253 shares of the company’s stock were exchanged, compared to its average volume of 862,318. Riskified has a one year low of $3.70 and a one year high of $6.59. The firm has a market capitalization of $966.68 million, a PE ratio of -59.41 and a beta of 1.38. The business’s fifty day simple moving average is $5.15 and its 200 day simple moving average is $4.69.

Insider Buying and Selling

In related news, Director Erez Shachar sold 5,586 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $5.25, for a total value of $29,326.50. Following the transaction, the director owned 1,168,795 shares in the company, valued at approximately $6,136,173.75. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,277,654 shares of company stock valued at $21,445,013 over the last 90 days. Insiders own 17.40% of the company’s stock.

Institutional Investors Weigh In On Riskified

Several institutional investors and hedge funds have recently bought and sold shares of the business. Nuveen LLC lifted its position in Riskified by 3.3% during the fourth quarter. Nuveen LLC now owns 1,476,002 shares of the company’s stock valued at $7,336,000 after buying an additional 47,464 shares during the period. Monimus Capital Management LP boosted its holdings in Riskified by 13.2% in the 4th quarter. Monimus Capital Management LP now owns 1,404,744 shares of the company’s stock worth $6,982,000 after buying an additional 164,302 shares during the period. State Street Corp boosted its stake in Riskified by 11.9% during the fourth quarter. State Street Corp now owns 866,456 shares of the company’s stock valued at $4,306,000 after buying an additional 92,019 shares during the last quarter. Millennium Management LLC raised its stake in shares of Riskified by 335.3% in the fourth quarter. Millennium Management LLC now owns 795,441 shares of the company’s stock valued at $3,953,000 after acquiring an additional 612,719 shares during the period. Finally, Anson Funds Management LP grew its holdings in Riskified by 136.0% during the 4th quarter. Anson Funds Management LP now owns 633,746 shares of the company’s stock valued at $3,150,000 after purchasing an additional 365,254 shares during the last quarter. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on RSKD shares. The Goldman Sachs Group upped their price objective on Riskified from $4.75 to $5.50 and gave the company a “sell” rating in a report on Wednesday. Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. UBS Group increased their target price on shares of Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a research report on Thursday. DA Davidson boosted their target price on Riskified from $6.00 to $7.50 and gave the stock a “buy” rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research report on Thursday. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $6.43.

Riskified Company Profile

Riskified is a technology company specializing in e-commerce fraud prevention and revenue optimization for online merchants. Its platform combines machine learning, behavioral analytics and proprietary risk models to assess the legitimacy of transactions in real time. By offering a chargeback guarantee, Riskified assumes the financial liability for approved orders that later turn out to be fraudulent, allowing retailers to focus on growth rather than dispute management.

The company’s core product suite addresses various aspects of the online shopping lifecycle, including order approval, account takeover protection and policy compliance.