Riskified (NYSE:RSKD) Stock Price Up 0.7% – What’s Next?

Riskified Ltd. (NYSE:RSKD) shares traded up 0.7% on Monday . The company traded as high as $4.97 and last traded at $4.8450. 387,025 shares traded hands during mid-day trading, an increase of 0% from the average session volume of 386,187 shares. The stock had previously closed at $4.81.

Wall Street Analyst Weigh In

RSKD has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a research note on Monday, December 29th. Wall Street Zen raised Riskified from a “hold” rating to a “buy” rating in a research report on Sunday, November 16th. JPMorgan Chase & Co. raised shares of Riskified from an “underweight” rating to a “neutral” rating and set a $6.00 target price on the stock in a research note on Friday, November 14th. UBS Group upped their price target on Riskified from $5.00 to $5.50 and gave the stock a “neutral” rating in a research note on Thursday, November 13th. Finally, DA Davidson reaffirmed a “buy” rating and set a $6.00 target price on shares of Riskified in a research note on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $5.89.

Riskified Trading Up 0.7%

The business’s 50 day simple moving average is $4.86 and its two-hundred day simple moving average is $4.88. The firm has a market capitalization of $781.06 million, a PE ratio of -21.06 and a beta of 1.35.

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

Institutional Investors Weigh In On Riskified

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of Riskified in the second quarter worth $36,000. Virtu Financial LLC bought a new stake in shares of Riskified in the third quarter worth about $51,000. Invesco Ltd. purchased a new stake in shares of Riskified during the 1st quarter worth approximately $51,000. Orion Porfolio Solutions LLC purchased a new stake in Riskified during the second quarter valued at $54,000. Finally, Savant Capital LLC purchased a new stake in shares of Riskified during the 2nd quarter valued at about $57,000. 58.98% of the stock is owned by hedge funds and other institutional investors.

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.