Riskified Ltd. (NYSE:RSKD) Receives Consensus Rating of “Hold” from Brokerages

Shares of Riskified Ltd. (NYSE:RSKD) have been given a consensus rating of “Hold” by the eight analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $6.75.

A number of analysts have recently issued reports on RSKD shares. UBS Group boosted their price objective on Riskified from $5.00 to $6.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. DA Davidson raised their price objective on shares of Riskified from $5.00 to $7.00 and gave the stock a “neutral” rating in a report on Thursday, May 16th. Piper Sandler upped their target price on shares of Riskified from $7.00 to $8.00 and gave the company an “overweight” rating in a research note on Thursday, May 16th. JPMorgan Chase & Co. increased their price target on shares of Riskified from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Thursday, May 16th. Finally, The Goldman Sachs Group downgraded Riskified from a “neutral” rating to a “sell” rating and set a $6.00 price objective on the stock. in a report on Wednesday, July 10th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Invenomic Capital Management LP acquired a new position in Riskified in the fourth quarter worth $2,753,000. GSA Capital Partners LLP lifted its position in Riskified by 75.1% during the 3rd quarter. GSA Capital Partners LLP now owns 163,798 shares of the company’s stock worth $734,000 after buying an additional 70,238 shares in the last quarter. Capital World Investors increased its position in Riskified by 6.3% in the 4th quarter. Capital World Investors now owns 9,774,367 shares of the company’s stock valued at $45,744,000 after acquiring an additional 580,000 shares in the last quarter. Formation8 GP LLC acquired a new stake in Riskified in the 4th quarter valued at about $7,949,000. Finally, Rubric Capital Management LP raised its stake in shares of Riskified by 159.2% in the fourth quarter. Rubric Capital Management LP now owns 4,173,636 shares of the company’s stock worth $19,533,000 after acquiring an additional 2,563,384 shares during the last quarter. 58.98% of the stock is owned by institutional investors and hedge funds.

Riskified Stock Up 2.3 %

Shares of RSKD stock opened at $6.36 on Monday. Riskified has a 1 year low of $3.48 and a 1 year high of $6.64. The firm’s fifty day simple moving average is $6.08 and its 200 day simple moving average is $5.29.

Riskified (NYSE:RSKD) last posted its quarterly earnings data on Wednesday, May 15th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.01. Riskified had a negative net margin of 17.28% and a negative return on equity of 9.55%. The company had revenue of $76.41 million for the quarter, compared to the consensus estimate of $75.40 million. On average, analysts anticipate that Riskified will post -0.17 earnings per share for the current year.

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.