Riskified (NYSE:RSKD) Reaches New 52-Week High – Should You Buy?

Riskified Ltd. (NYSE:RSKD)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $6.06 and last traded at $5.8480, with a volume of 1012384 shares changing hands. The stock had previously closed at $5.27.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods lifted their price objective on Riskified from $5.25 to $5.50 and gave the stock a “market perform” rating in a report on Monday, July 13th. Wall Street Zen raised shares of Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Riskified has a consensus rating of “Hold” and an average target price of $6.00.

Riskified Stock Up 11.8%

The firm has a market cap of $872.62 million, a PE ratio of -53.55 and a beta of 1.38. The firm’s fifty day simple moving average is $5.08 and its two-hundred day simple moving average is $4.66.

Riskified (NYSE:RSKD) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The firm had revenue of $98.69 million for the quarter, compared to the consensus estimate of $89.18 million. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%. As a group, analysts anticipate that Riskified Ltd. will post -0.01 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Erez Shachar sold 435,900 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $5.02, for a total value of $2,188,218.00. Following the completion of the transaction, the director owned 2,193,976 shares of the company’s stock, valued at $11,013,759.52. This represents a 16.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Assaf Feldman sold 230,512 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $5.02, for a total value of $1,157,170.24. Following the sale, the chief technology officer owned 1,932,613 shares of the company’s stock, valued at $9,701,717.26. This represents a 10.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 4,277,654 shares of company stock worth $21,445,013 over the last 90 days. Company insiders own 17.40% of the company’s stock.

Institutional Investors Weigh In On Riskified

Several institutional investors and hedge funds have recently modified their holdings of RSKD. Public Employees Retirement System of Ohio increased its stake 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 worth $1,502,000 after acquiring an additional 2,900 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of Riskified by 5.5% in the 2nd quarter. California State Teachers Retirement System now owns 93,086 shares of the company’s stock valued at $464,000 after purchasing an additional 4,826 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Riskified by 3.1% in the 4th 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 period. Geode Capital Management LLC boosted its holdings in shares of Riskified by 18.1% in the 4th quarter. Geode Capital Management LLC now owns 33,828 shares of the company’s stock worth $168,000 after purchasing an additional 5,178 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Riskified during the 2nd quarter valued at approximately $36,000. Institutional investors own 58.98% of the company’s stock.

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.