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

Riskified Ltd. (NYSE:RSKD) has been assigned an average recommendation of “Hold” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $5.8929.

RSKD has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a research note on Monday, December 8th. UBS Group lifted their price objective on shares of Riskified from $5.00 to $5.50 and gave the company a “neutral” rating in a research note on Thursday, November 13th. Keefe, Bruyette & Woods reduced their price target on shares of Riskified from $5.50 to $5.25 and set a “market perform” rating for the company in a report on Tuesday, August 19th. Wall Street Zen upgraded Riskified from a “hold” rating to a “buy” rating in a research note on Sunday, November 16th. Finally, JPMorgan Chase & Co. raised Riskified from an “underweight” rating to a “neutral” rating and set a $6.00 price target on the stock in a research note on Friday, November 14th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RSKD. Newport Capital Group LLC raised its position in Riskified by 22.1% in the 3rd quarter. Newport Capital Group LLC now owns 38,456 shares of the company’s stock valued at $180,000 after buying an additional 6,956 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Riskified by 12,516.6% during the third quarter. NewEdge Advisors LLC now owns 24,350 shares of the company’s stock valued at $114,000 after purchasing an additional 24,157 shares in the last quarter. PharVision Advisers LLC purchased a new position in Riskified during the third quarter worth about $70,000. Shelton Capital Management bought a new stake in Riskified in the 3rd quarter worth about $147,000. Finally, Prelude Capital Management LLC increased its stake in Riskified by 92.5% in the 3rd quarter. Prelude Capital Management LLC now owns 48,700 shares of the company’s stock valued at $228,000 after buying an additional 23,400 shares during the last quarter. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Riskified Stock Down 1.3%

Shares of NYSE RSKD opened at $4.93 on Monday. The company has a market capitalization of $793.96 million, a PE ratio of -21.41 and a beta of 1.35. Riskified has a twelve month low of $3.94 and a twelve month high of $5.99. The firm has a fifty day simple moving average of $4.79 and a 200 day simple moving average of $4.88.

Riskified (NYSE:RSKD) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Riskified had a negative return on equity of 8.12% and a negative net margin of 11.04%.The firm had revenue of $81.86 million during the quarter, compared to the consensus estimate of $80.25 million. During the same period last year, the business posted $0.03 EPS. The business’s revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts expect that Riskified will post -0.15 earnings per share for the current fiscal year.

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.