Riskified Ltd. (NYSE:RSKD) Receives Average Recommendation of “Hold” from Brokerages

Shares of Riskified Ltd. (NYSE:RSKD) have received an average rating of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $6.75.

RSKD has been the topic of a number of research reports. Keefe, Bruyette & Woods upped their target price on shares of Riskified from $5.75 to $6.00 and gave the stock a “market perform” rating in a research report on Thursday, May 16th. Truist Financial reiterated a “buy” rating and issued a $8.00 price objective (up from $7.50) on shares of Riskified in a research report on Thursday, May 16th. Barclays boosted their target price on Riskified from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Monday, May 20th. The Goldman Sachs Group lowered Riskified from a “neutral” rating to a “sell” rating and set a $6.00 price target on the stock. in a research note on Wednesday, July 10th. Finally, DA Davidson lifted their price objective on Riskified from $5.00 to $7.00 and gave the stock a “neutral” rating in a research report on Thursday, May 16th.

Institutional Investors Weigh In On Riskified

A number of institutional investors have recently made changes to their positions in the stock. Capital World Investors increased its position in shares of 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 buying an additional 580,000 shares in the last quarter. Rubric Capital Management LP raised its position in shares of Riskified by 159.2% during the fourth quarter. Rubric Capital Management LP now owns 4,173,636 shares of the company’s stock worth $19,533,000 after purchasing an additional 2,563,384 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Riskified by 199.4% during the 2nd quarter. Acadian Asset Management LLC now owns 2,632,439 shares of the company’s stock valued at $16,803,000 after purchasing an additional 1,753,260 shares in the last quarter. Jennison Associates LLC grew its position in shares of Riskified by 2.1% in the 1st quarter. Jennison Associates LLC now owns 1,710,472 shares of the company’s stock valued at $9,254,000 after purchasing an additional 35,699 shares during the period. Finally, Formation8 GP LLC acquired a new position in shares of Riskified in the 4th quarter valued at approximately $7,949,000. 58.98% of the stock is owned by institutional investors and hedge funds.

Riskified Price Performance

RSKD stock opened at $5.76 on Friday. The business has a fifty day moving average price of $6.23 and a 200 day moving average price of $5.49. Riskified has a fifty-two week low of $3.48 and a fifty-two week high of $6.64. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -18.58 and a beta of 1.40.

Riskified (NYSE:RSKD) last announced its earnings results on Wednesday, May 15th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. Riskified had a negative return on equity of 9.55% and a negative net margin of 17.28%. The company had revenue of $76.41 million during the quarter, compared to analyst estimates of $75.40 million. On average, equities analysts expect that Riskified will post -0.17 earnings per share for the current fiscal year.

About Riskified

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.