Riskified Ltd. (NYSE:RSKD) Given Average Recommendation of “Hold” by Brokerages

Riskified Ltd. (NYSE:RSKD) has received an average recommendation of “Hold” from the seven research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $5.9583.

Separately, Wall Street Zen upgraded Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th.

Insider Transactions at Riskified

In other news, CTO Assaf Feldman sold 230,512 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $5.02, for a total transaction of $1,157,170.24. Following the completion of the transaction, the chief technology officer directly owned 1,932,613 shares in the company, valued at approximately $9,701,717.26. The trade was a 10.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Erez Shachar sold 435,900 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $5.02, for a total value of $2,188,218.00. Following the completion of the sale, the director directly owned 2,193,976 shares of the company’s stock, valued at approximately $11,013,759.52. This trade represents a 16.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 3,954,769 shares of company stock worth $19,752,707. Company insiders own 17.40% of the company’s stock.

Institutional Investors Weigh In On Riskified

Several hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Riskified during the second quarter worth $36,000. Man Group plc bought a new stake in shares of Riskified in the 4th quarter valued at $50,000. Virtu Financial LLC bought a new stake in shares of Riskified in the 3rd quarter valued at $51,000. Invesco Ltd. acquired a new stake in Riskified during the 1st quarter worth $51,000. Finally, T3 Companies LLC acquired a new stake in Riskified during the 4th quarter worth $54,000. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Riskified Stock Performance

Shares of RSKD stock opened at $5.25 on Friday. The firm’s 50 day moving average price is $4.88 and its two-hundred day moving average price is $4.60. Riskified has a 52-week low of $3.70 and a 52-week high of $5.68. The stock has a market cap of $778.53 million, a PE ratio of -47.77 and a beta of 1.38.

Riskified (NYSE:RSKD) last issued its earnings results on Thursday, May 14th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%. The company had revenue of $88.27 million during the quarter, compared to analysts’ expectations of $87.72 million. As a group, sell-side analysts predict that Riskified will post -0.01 earnings per share 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.