Riskified (NYSE:RSKD) Sets New 1-Year Low - Here's Why

Key Points

• Riskified stock hit a new 52-week low of $3.92 (last $3.925) on heavy trading, down from a prior close of $4.02.
• Analysts are mixed with a consensus rating of Hold (3 Buy / 3 Hold / 1 Sell) and a consensus price target of $5.96, while recent notes include Truist trimming its target to $7 and Wall Street Zen upgrading to Buy.
• Fundamentals are mixed: the company reported a quarter that slightly beat estimates (EPS $0.12 vs $0.10; revenue $99.33M vs $97.21M) but still shows a negative net margin (-8.0%) and negative ROE (-5.63%), with analysts forecasting fiscal-year EPS of -0.15; market cap is about $580M.

Riskified Ltd. (NYSE:RSKD - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $3.92 and last traded at $3.9250, with a volume of 693059 shares changing hands. The stock had previously closed at $4.02.

Analyst Upgrades and Downgrades

RSKD has been the subject of several recent research reports. Truist Financial reduced their price target on Riskified from $8.00 to $7.00 and set a "buy" rating for the company in a research report on Thursday, March 5th. Wall Street Zen raised Riskified from a "hold" rating to a "buy" rating in a research report on Sunday, March 15th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Riskified in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $5.96.

Riskified Stock Performance

The company has a market capitalization of $580.01 million, a P/E ratio of -23.03 and a beta of 1.33. The stock's fifty day moving average price is $4.41 and its 200-day moving average price is $4.66.

Riskified (NYSE:RSKD - Get Free Report) last posted its quarterly earnings results on Wednesday, March 4th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. The business had revenue of $99.33 million during the quarter, compared to analysts' expectations of $97.21 million. Riskified had a negative return on equity of 5.63% and a negative net margin of 8.00%. On average, research analysts predict that Riskified Ltd. will post -0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Riskified

Large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in Riskified during the 2nd quarter valued at $36,000. Man Group plc acquired a new position in shares of Riskified in the fourth quarter valued at $50,000. Virtu Financial LLC bought a new position in shares of Riskified in the third quarter valued at about $51,000. Invesco Ltd. acquired a new stake in shares of Riskified during the 1st quarter worth about $51,000. Finally, T3 Companies LLC acquired a new stake in shares of Riskified during the 4th quarter worth about $54,000. Institutional investors own 58.98% of the company's stock.

About Riskified

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.

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