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

Riskified Ltd. (NYSE:RSKD) has received a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $6.03.

A number of analysts have commented on RSKD shares. UBS Group lifted their target price on Riskified from $5.50 to $5.75 and gave the stock a “neutral” rating in a report on Thursday, May 15th. The Goldman Sachs Group lifted their price objective on Riskified from $4.00 to $4.50 and gave the stock a “sell” rating in a report on Thursday, March 6th. Piper Sandler reiterated an “overweight” rating and set a $7.00 target price on shares of Riskified in a research report on Monday, March 17th. JPMorgan Chase & Co. lowered their target price on Riskified from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Monday, March 10th. Finally, Truist Financial boosted their price objective on Riskified from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Thursday, May 15th.

Riskified Price Performance

RSKD opened at $4.96 on Thursday. Riskified has a 1 year low of $3.94 and a 1 year high of $6.65. The stock’s 50 day simple moving average is $4.65 and its 200 day simple moving average is $4.85. The firm has a market cap of $798.95 million, a price-to-earnings ratio of -24.78 and a beta of 1.36.

Riskified (NYSE:RSKD) last released its earnings results on Wednesday, May 14th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $82.39 million during the quarter, compared to analysts’ expectations of $79.23 million. Riskified had a negative return on equity of 6.00% and a negative net margin of 10.72%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.04 EPS. As a group, sell-side analysts anticipate that Riskified will post -0.15 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RSKD. Lazard Asset Management LLC purchased a new position in Riskified in the 4th quarter worth approximately $38,000. Group One Trading LLC raised its position in shares of Riskified by 4,503.5% during the 4th quarter. Group One Trading LLC now owns 8,719 shares of the company’s stock valued at $41,000 after buying an additional 8,917 shares during the period. Invesco Ltd. purchased a new stake in shares of Riskified during the 1st quarter valued at approximately $51,000. Bayesian Capital Management LP purchased a new stake in shares of Riskified during the 4th quarter valued at approximately $56,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Riskified during the 4th quarter valued at approximately $74,000. 58.98% of the stock is owned by hedge funds and other institutional investors.

Riskified Company Profile

Riskified Ltd., together with its subsidiaries, develops and offers an e-commerce risk management platform that allows online merchants to create trusted relationships with consumers in the United States, Europe, the Middle East, Africa, the Asia-Pacific, and the Americas. It offers Chargeback Guarantee that ensures the legitimacy of merchants' online orders; Policy Protect, a machine learning solution designed to detect and prevent refund and returns policy abuse in real-time; Account Secure, a solution that cross-checks every login attempt; Dispute Resolve, which is used to compile submissions for fraud and non-fraud related chargeback issues; and PSD2 Optimize that helps merchants avoid bank authorization failures and abandoned shopping carts.