Riskified (NYSE:RSKD) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Riskified Ltd. (NYSE:RSKD) saw unusually-high trading volume on Wednesday . Approximately 179,707 shares traded hands during mid-day trading, a decline of 41% from the previous session’s volume of 305,455 shares.The stock last traded at $4.96 and had previously closed at $4.82.

Analyst Ratings Changes

A number of analysts have commented on the company. DA Davidson raised Riskified to a “hold” rating in a report on Thursday, November 14th. Keefe, Bruyette & Woods reduced their price objective on Riskified from $5.50 to $5.25 and set a “market perform” rating for the company in a report on Thursday, November 14th. The Goldman Sachs Group lowered their target price on shares of Riskified from $4.50 to $4.00 and set a “sell” rating on the stock in a research note on Monday, December 2nd. Piper Sandler reduced their price target on shares of Riskified from $7.00 to $6.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, UBS Group lowered their price objective on shares of Riskified from $4.75 to $4.50 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $5.72.

Riskified Trading Down 1.7 %

The company’s 50 day moving average price is $4.75 and its two-hundred day moving average price is $5.04. The stock has a market cap of $883.33 million, a P/E ratio of -24.77 and a beta of 1.37.

Riskified (NYSE:RSKD) last issued its quarterly earnings results on Wednesday, November 13th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. Riskified had a negative net margin of 10.72% and a negative return on equity of 6.00%. The business had revenue of $78.80 million for the quarter, compared to analysts’ expectations of $75.01 million. During the same quarter last year, the company posted ($0.12) EPS. The company’s revenue was up 9.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Riskified Ltd. will post -0.15 earnings per share for the current year.

Riskified announced that its board has initiated a stock buyback plan on Wednesday, November 13th that authorizes the company to buyback $75.00 million in shares. This buyback authorization authorizes the company to buy up to 9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new position in shares of Riskified during the 3rd quarter valued at approximately $120,000. Olympiad Research LP bought a new position in shares of Riskified in the third quarter worth approximately $150,000. Squarepoint Ops LLC bought a new position in shares of Riskified in the second quarter worth approximately $163,000. Barclays PLC raised its position in shares of Riskified by 106.6% during the 3rd quarter. Barclays PLC now owns 39,174 shares of the company’s stock valued at $186,000 after purchasing an additional 20,213 shares during the period. Finally, State of New Jersey Common Pension Fund D purchased a new position in shares of Riskified during the 2nd quarter valued at $208,000. Institutional investors own 58.98% of the company’s stock.

Riskified Company Profile

Riskified Ltd., together with its subsidiaries, develops and offers an e-commerce risk management platform that allows online merchants to create trusted relationships with consumers in the United States, Europe, the Middle East, Africa, the Asia-Pacific, and the Americas. It offers Chargeback Guarantee that ensures the legitimacy of merchants' online orders; Policy Protect, a machine learning solution designed to detect and prevent refund and returns policy abuse in real-time; Account Secure, a solution that cross-checks every login attempt; Dispute Resolve, which is used to compile submissions for fraud and non-fraud related chargeback issues; and PSD2 Optimize that helps merchants avoid bank authorization failures and abandoned shopping carts.