Riskified Ltd. (NYSE:RSKD) Short Interest Down 17.1% in November

Riskified Ltd. (NYSE:RSKD) saw a large drop in short interest in November. As of November 15th, there was short interest totalling 1,020,000 shares, a drop of 17.1% from the October 31st total of 1,230,000 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average daily volume of 579,000 shares, the short-interest ratio is currently 1.8 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new position in shares of Riskified during the 2nd quarter worth $29,000. Valmark Advisers Inc. purchased a new position in Riskified during the second quarter worth about $104,000. Quantbot Technologies LP acquired a new stake in Riskified in the 3rd quarter worth about $120,000. Squarepoint Ops LLC purchased a new stake in Riskified in the 2nd quarter valued at about $163,000. Finally, Olympiad Research LP acquired a new position in shares of Riskified during the 3rd quarter valued at about $150,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on RSKD. Truist Financial reduced their price target on shares of Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. JPMorgan Chase & Co. boosted their price objective on Riskified from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. The Goldman Sachs Group lowered their price target on Riskified from $6.00 to $4.50 and set a “sell” rating on the stock in a research note on Thursday, August 15th. Barclays reduced their target price on shares of Riskified from $6.00 to $5.00 and set an “equal weight” rating for the company in a research report on Friday, August 16th. Finally, Keefe, Bruyette & Woods dropped their price target on Riskified from $5.50 to $5.25 and set a “market perform” rating for the company in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $5.91.

Riskified Trading Up 1.0 %

Shares of RSKD stock traded up $0.05 on Friday, reaching $4.85. 312,071 shares of the stock were exchanged, compared to its average volume of 667,201. The company has a market capitalization of $864.61 million, a price-to-earnings ratio of -24.25 and a beta of 1.36. Riskified has a twelve month low of $3.98 and a twelve month high of $6.64. The business’s 50 day moving average price is $4.56 and its 200 day moving average price is $5.35.

Riskified (NYSE:RSKD) last announced its earnings results on Wednesday, November 13th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. Riskified had a negative return on equity of 6.00% and a negative net margin of 10.72%. The company had revenue of $78.80 million for the quarter, compared to the consensus estimate of $75.01 million. During the same period last year, the business posted ($0.12) EPS. The company’s revenue was up 9.6% on a year-over-year basis. Equities research analysts forecast that Riskified will post -0.15 earnings per share for the current year.

Riskified announced that its board has initiated a share repurchase plan on Wednesday, November 13th that authorizes the company to repurchase $75.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

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.