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

Shares of Riskified Ltd. (NYSE:RSKD) have earned a consensus rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $6.50.

Several analysts have weighed in on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research report on Thursday, August 13th. DA Davidson reiterated a “buy” rating and set a $7.50 price objective on shares of Riskified in a research note on Monday, August 24th. The Goldman Sachs Group boosted their price objective on shares of Riskified from $4.75 to $5.50 and gave the company a “sell” rating in a report on Wednesday, August 12th. Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Riskified in a research note on Friday, August 14th.

Riskified Price Performance

RSKD opened at $7.01 on Wednesday. The firm has a market capitalization of $1.04 billion, a PE ratio of -63.74 and a beta of 1.38. The business’s 50-day moving average is $5.84 and its two-hundred day moving average is $5.05. Riskified has a 1 year low of $3.70 and a 1 year high of $7.05.

Riskified (NYSE:RSKD) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $98.69 million for the quarter, compared to analyst estimates of $89.18 million. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%. As a group, sell-side analysts expect that Riskified will post -0.03 EPS for the current year.

Insider Activity

In related news, Director Erez Shachar sold 435,900 shares of Riskified stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $5.02, for a total transaction of $2,188,218.00. Following the completion of the sale, the director owned 2,193,976 shares of the company’s stock, valued at $11,013,759.52. The trade was a 16.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aglika Dotcheva sold 180,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $5.95, for a total value of $1,071,000.00. Following the completion of the sale, the chief financial officer owned 1,510,874 shares in the company, valued at approximately $8,989,700.30. This represents a 10.65% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 5,503,485 shares of company stock valued at $31,026,001. Company insiders own 17.40% of the company’s stock.

Institutional Trading of Riskified

Several institutional investors and hedge funds have recently bought and sold shares of RSKD. T3 Companies LLC purchased a new position in shares of Riskified during the fourth quarter worth $54,000. Modern Wealth Management LLC acquired a new position in Riskified during the first quarter valued at $56,000. R Squared Ltd boosted its holdings in Riskified by 57.8% in the first quarter. R Squared Ltd now owns 19,813 shares of the company’s stock valued at $78,000 after purchasing an additional 7,257 shares during the last quarter. 9823 Capital L.P. purchased a new stake in Riskified in the fourth quarter valued at $182,000. Finally, Engineers Gate Manager LP boosted its holdings in Riskified by 13.7% in the second quarter. Engineers Gate Manager LP now owns 64,591 shares of the company’s stock valued at $326,000 after purchasing an additional 7,799 shares during the last quarter. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Riskified Company Profile

Riskified Ltd. is a technology company that provides fraud and risk-management solutions for e-commerce businesses. Its platform uses data analytics, machine learning and network insights to help merchants distinguish legitimate customers from fraudulent transactions, reduce payment-related losses and improve the online shopping experience.

The company’s product offerings include solutions designed to protect merchants from chargebacks, identify and prevent policy abuse, secure customer accounts and support payment approval decisions.