Riskified (RSKD) Company Overview

We have put together a list of 13 AI news and ratings that Wall Street is paying attention to. In this article, we will examine how Riskified Ltd. (NYSE:RSKD) compares to other AI stocks that are on Wall Street's radar. In his recent memo titled "On Bubble Watch," Howard Marks, co-founder and co-chairman of Oaktree, shares his insights.

NEW YORK--(BUSINESS WIRE)--Riskified and Appriss Retail Partner to Offer an Omnichannel Returns Fraud Prevention Solution.

We have just released a list of the 12 Best Technology Penny Stocks to Buy, based on hedge fund recommendations. In this article, we will examine how Riskified Ltd. (NYSE:RSKD) compares to other top technology penny stocks favored by hedge funds. The Russell 2000, which is a key index for small-cap stocks, has often underperformed in the past.

I maintain a buy rating for RSKD due to its strong growth potential, despite recent share price declines and a challenging macro environment. RSKD's 3Q24 results showed solid revenue growth, improved EBITDA, and strong new product adoption, reinforcing confidence in its growth story. Despite losing a major client, RSKD's ability to secure large contracts and maintain high renewal rates underscores its market strength.

Riskified Ltd. (NYSE:RSKD ) Q3 2024 Earnings Conference Call November 13, 2024 8:30 AM ET Company Participants Chett Mandel - Head of Investor Relations Eido Gal - Co-Founder & Chief Executive Officer Aglika Dotcheva - Chief Financial Officer Conference Call Participants Ryan Tomasello - KBW Owen Callahan - Barclays Cris Kennedy - William Blair Connor Passarella - Truist Securities Reggie Smith - JPMorgan Operator Good day and thank you for standing by.

Riskified (RSKD) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to loss of $0.02 per share a year ago.

Shares have fallen more than 20% since Q2 results were released. Full-year revenue guidance was lowered, while adjusted EBITDA guidance was raised due to operating leverage in the business. The company is profitable and has a strong balance sheet, which management is leveraging to repurchase shares aggressively.

Riskified (RSKD) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to break-even earnings per share a year ago.

BROOKLYN, N.Y.--(BUSINESS WIRE)--Riskified's Ascend 2024 set the stage for the launch of AI-led solutions to manage fraud as well as growth success stories from leading merchants.