Brokerages Set Riskified Ltd. (NYSE:RSKD) Price Target at $5.96

Riskified Ltd. (NYSE:RSKD) has been given an average recommendation of “Hold” by the seven brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $5.9583.

A number of research firms have commented on RSKD. Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Truist Financial dropped their price target on Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th.

Insiders Place Their Bets

In other news, Director Erez Shachar sold 132,462 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $4.91, for a total value of $650,388.42. Following the transaction, the director directly owned 4,387,273 shares in the company, valued at $21,541,510.43. This trade represents a 2.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CTO Assaf Feldman sold 32,590 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $4.68, for a total value of $152,521.20. Following the completion of the transaction, the chief technology officer owned 2,163,125 shares in the company, valued at approximately $10,123,425. This trade represents a 1.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 682,514 shares of company stock worth $3,320,050. Company insiders own 17.40% of the company’s stock.

Hedge Funds Weigh In On Riskified

A number of institutional investors and hedge funds have recently modified their holdings of RSKD. Public Employees Retirement System of Ohio lifted its position in Riskified by 1.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 302,262 shares of the company’s stock valued at $1,502,000 after purchasing an additional 2,900 shares in the last quarter. FNY Investment Advisers LLC lifted its position in shares of Riskified by 24.8% in the third quarter. FNY Investment Advisers LLC now owns 15,110 shares of the company’s stock valued at $70,000 after acquiring an additional 3,000 shares in the last quarter. ARK Investment Management LLC increased its holdings in shares of Riskified by 1.2% in the third quarter. ARK Investment Management LLC now owns 368,310 shares of the company’s stock worth $1,724,000 after purchasing an additional 4,248 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of Riskified by 5.5% in the second quarter. California State Teachers Retirement System now owns 93,086 shares of the company’s stock worth $464,000 after purchasing an additional 4,826 shares during the last quarter. Finally, Swiss National Bank increased its holdings in shares of Riskified by 3.1% in the fourth quarter. Swiss National Bank now owns 167,513 shares of the company’s stock worth $833,000 after purchasing an additional 5,000 shares during the last quarter. 58.98% of the stock is currently owned by hedge funds and other institutional investors.

Riskified Trading Up 0.1%

Riskified stock opened at $4.94 on Monday. The firm has a market cap of $731.12 million, a price-to-earnings ratio of -44.86 and a beta of 1.40. The stock has a fifty day simple moving average of $4.60 and a two-hundred day simple moving average of $4.59. Riskified has a 12 month low of $3.70 and a 12 month high of $5.68.

Riskified (NYSE:RSKD) last posted its earnings results on Thursday, May 14th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $88.27 million during the quarter, compared to analyst estimates of $87.72 million. Riskified had a negative return on equity of 3.91% and a negative net margin of 5.17%. On average, equities research analysts forecast that Riskified will post -0.01 EPS for the current fiscal year.

About Riskified

Riskified is a technology company specializing in e-commerce fraud prevention and revenue optimization for online merchants. Its platform combines machine learning, behavioral analytics and proprietary risk models to assess the legitimacy of transactions in real time. By offering a chargeback guarantee, Riskified assumes the financial liability for approved orders that later turn out to be fraudulent, allowing retailers to focus on growth rather than dispute management.

The company’s core product suite addresses various aspects of the online shopping lifecycle, including order approval, account takeover protection and policy compliance.