Riskified (RSKD) Stock

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.

NEW YORK--(BUSINESS WIRE)--Riskified Ltd. (NYSE: RSKD), a leader in ecommerce fraud and risk intelligence, today announced that management will present and host investor meetings at the following upcoming conference: William Blair 44th Annual Growth Stock Conference in Chicago on Tuesday, June 4th, at 11:00 AM ET A live and archived webcast of the presentation will be accessible from the “Events and Presentations” section of the Company's Investor Relations website at ir.riskified.com. In addit.

Riskified has seen an increase in revenue and improved margins, leading to strong free cash flow. The company has low financial risk, but its AI technology is not advancing as quickly as anticipated by some investors, potentially limiting its growth prospects.