Analysts Set Riskified Ltd. (NYSE:RSKD) Target Price at $6.00

Riskified Ltd. (NYSE:RSKD) has earned an average rating of “Hold” from the seven analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $6.00.

A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Keefe, Bruyette & Woods upped their price target on Riskified from $5.25 to $5.50 and gave the company a “market perform” rating in a report on Monday, July 13th.

Insider Buying and Selling at Riskified

In related news, Director Erez Shachar sold 5,586 shares of Riskified stock in a transaction on Monday, July 27th. The stock was sold at an average price of $5.25, for a total value of $29,326.50. Following the transaction, the director directly owned 1,168,795 shares in the company, valued at $6,136,173.75. The trade was a 0.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 4,277,654 shares of company stock worth $21,445,013. Company insiders own 17.40% of the company’s stock.

Institutional Investors Weigh In On Riskified

Several hedge funds have recently modified their holdings of RSKD. Renaissance Technologies LLC boosted its position in shares of Riskified by 1.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock valued at $5,327,000 after purchasing an additional 22,100 shares during the period. Modern Wealth Management LLC purchased a new position in Riskified in the 1st quarter worth about $56,000. Sei Investments Co. raised its holdings in Riskified by 87.4% during the 1st quarter. Sei Investments Co. now owns 356,173 shares of the company’s stock worth $1,396,000 after buying an additional 166,099 shares during the period. State of Wyoming raised its holdings in Riskified by 16.4% during the 1st quarter. State of Wyoming now owns 107,785 shares of the company’s stock worth $423,000 after buying an additional 15,195 shares during the period. Finally, R Squared Ltd lifted its stake in Riskified by 57.8% during the first quarter. R Squared Ltd now owns 19,813 shares of the company’s stock valued at $78,000 after buying an additional 7,257 shares in the last quarter. 58.98% of the stock is owned by hedge funds and other institutional investors.

Riskified Trading Down 3.0%

Shares of NYSE RSKD opened at $5.21 on Tuesday. Riskified has a twelve month low of $3.70 and a twelve month high of $5.49. The firm has a 50-day moving average of $5.02 and a two-hundred day moving average of $4.63. The company has a market capitalization of $771.71 million, a price-to-earnings ratio of -47.35 and a beta of 1.38.

Riskified (NYSE:RSKD) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $87.72 million. As a group, research analysts predict that Riskified will post -0.01 earnings per share for the current 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.