Riskified Ltd (NYSE: RSKD) Expected to Post Quarterly Sales of $ 67.29 Million

Wall Street brokerages forecast Riskified Ltd (NYSE: RSKD) to post $ 67.29 million in sales for the current fiscal quarter, according to Zacks. Five analysts provided Riskified earnings estimates. The lowest sales estimate is $ 66.55 million and the highest is $ 67.80 million. The company is expected to release its next results on Tuesday, February 15.

According to Zacks, analysts expect Riskified to report annual 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 predict the company will report revenue of $ 253.80 million, with estimates ranging from $ 251.53 million to $ 260.60 million. Zacks Investment Research sales averages are an average based on a survey of sales analysts who provide coverage for Riskified.

Riskified (NYSE: RSKD) last reported its quarterly results on Monday, November 15. The company reported ($ 0.08) earnings per share for the quarter, beating Thomson Reuters’ 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 posted revenue of $ 52.53 million for the quarter, compared to analysts’ estimate of $ 51.04 million.

Several analysts have published reports on the title. JPMorgan Chase & Co. assumed coverage of Riskified stocks in a research report on Monday, August 23. They issued a “neutral” rating and a price target of $ 29.00 for the company. They noted that the move was an appraisal call. The Goldman Sachs Group launched coverage on Riskified stocks in a research report on Friday, December 10. They set a “sell” rating and a price target of $ 9.00 for the company. Barclays launched coverage of Riskified stocks in a research report on Monday, August 23. They set an “overweight” rating and a price target of $ 33.00 for the company. KeyCorp lowered its price target for Riskified shares from $ 35 to $ 25 and established an “overweight” rating for the company in a research report released on Tuesday, November 2. Finally, Piper Sandler downgraded Riskified’s stock rating from an “overweight” to a “neutral” rating and lowered their price target for the share from $ 32.00 to $ 17.00 in a report of. research published on Tuesday, November 16. One investment analyst rated the stock with a sell rating, three issued a conservation rating, and seven assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $ 26.67.

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Several hedge funds and other institutional investors recently changed their holdings to RSKD. Stratos Wealth Partners LTD. purchased a new equity stake in Riskified during the third quarter valued at approximately $ 291,000. Phoenix Holdings Ltd. purchased a new stake in Riskified in the third quarter valued at approximately $ 142,253,000. Commonwealth Equity Services LLC purchased a new stake in Riskified in the third quarter valued at approximately $ 309,000. The New York State Common Retirement Fund purchased a new stake in Riskified in the third quarter valued at approximately $ 635,000. Finally, Kornitzer Capital Management Inc. KS purchased a new stake in Riskified in the third quarter valued at approximately $ 19,933,000. Institutional investors and hedge funds hold 7.03% of the company’s shares.

The NYSE RSKD opened at $ 7.59 on Tuesday. Riskified has a one-year minimum of $ 7.06 and a one-year maximum of $ 40.48. The company has a 50-day simple moving average of $ 14.40.

About Riskified

Riskified Ltd. provides a fraud management platform for frictionless e-commerce. The business platform identifies the person behind every online interaction, helping Riskified’s merchant clients remove risks and uncertainties from their business. Riskified Ltd. is based in NEW YORK.

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Profit History and Estimates for Riskified (NYSE: RSKD)

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