$67.29 Million in Sales Expected for Riskified Ltd (NYSE:RSKD) This Quarter

Wall Street brokerages expect that Riskified Ltd (NYSE:RSKD) will report $67.29 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Riskified’s earnings, with the highest sales estimate coming in at $67.80 million and the lowest estimate coming in at $66.55 million. The firm is expected to announce its next quarterly earnings report on Tuesday, February 15th.

On average, analysts expect that Riskified will report full-year sales of $226.59 million for the current year, with estimates ranging from $225.86 million to $227.10 million. For the next fiscal year, analysts anticipate that the company will post sales of $253.80 million, with estimates ranging from $251.53 million to $260.60 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Riskified.

Riskified (NYSE:RSKD) last issued its earnings results on Monday, November 15th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.40) by $0.32. Riskified had a negative net margin of 71.67% and a negative return on equity of 106.42%. The company had revenue of $52.53 million during the quarter, compared to analysts’ expectations of $51.04 million.

RSKD has been the subject of a number of recent research reports. The Goldman Sachs Group started coverage on shares of Riskified in a research note on Friday, December 10th. They set a “sell” rating and a $9.00 price objective for the company. Credit Suisse Group decreased their price target on shares of Riskified from $34.00 to $22.00 and set an “outperform” rating on the stock in a report on Wednesday, November 17th. KeyCorp decreased their price target on shares of Riskified from $18.00 to $10.00 and set an “overweight” rating on the stock in a report on Friday. Zacks Investment Research upgraded shares of Riskified from a “sell” rating to a “hold” rating in a report on Wednesday, November 10th. Finally, Piper Sandler decreased their price target on shares of Riskified from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $24.67.

Riskified stock traded down $0.04 during mid-day trading on Tuesday, reaching $6.56. The company had a trading volume of 1,003,226 shares, compared to its average volume of 1,304,779. The business’s 50-day simple moving average is $10.01. Riskified has a 1 year low of $6.32 and a 1 year high of $40.48.

A number of institutional investors have recently added to or reduced their stakes in the stock. Stratos Wealth Partners LTD. increased its stake in Riskified by 90.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 24,286 shares of the company’s stock worth $191,000 after buying an additional 11,520 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Riskified in the 3rd quarter worth about $15,739,000. UBS Group AG bought a new stake in shares of Riskified in the 3rd quarter worth about $547,000. Millennium Management LLC bought a new stake in shares of Riskified in the 3rd quarter worth about $4,252,000. Finally, Bullseye Asset Management LLC bought a new stake in shares of Riskified in the 3rd quarter worth about $1,038,000. 21.46% of the stock is currently owned by hedge funds and other institutional investors.

Riskified Company Profile

Riskified Ltd. provides fraud management platform enabling frictionless eCommerce. The company’s platform identifies the individual behind each online interaction, helping merchants Riskified’s customers eliminate risk and uncertainty from their business. Riskified Ltd. is based in NEW YORK.

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