Riskified Ltd. (NYSE:RSKD) Receives Average Recommendation of “Hold” from Brokerages

Riskified Ltd. (NYSE:RSKD) has been given an average recommendation of “Hold” by the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $5.8929.

Several equities research analysts have recently issued reports on the stock. DA Davidson reaffirmed a “buy” rating and set a $6.00 price objective on shares of Riskified in a research report on Thursday, November 13th. UBS Group raised their price target on Riskified from $5.00 to $5.50 and gave the company a “neutral” rating in a research note on Thursday, November 13th. JPMorgan Chase & Co. raised Riskified from an “underweight” rating to a “neutral” rating and set a $6.00 price target for the company in a report on Friday, November 14th. Wall Street Zen upgraded Riskified from a “hold” rating to a “buy” rating in a report on Sunday, November 16th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Riskified in a research report on Monday, December 29th.

Riskified Stock Performance

Shares of RSKD opened at $4.97 on Friday. Riskified has a 1 year low of $3.94 and a 1 year high of $5.99. The stock has a market capitalization of $801.21 million, a PE ratio of -21.61 and a beta of 1.35. The stock has a 50-day simple moving average of $4.87 and a 200-day simple moving average of $4.88.

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

Hedge Funds Weigh In On Riskified

Several hedge funds have recently made changes to their positions in RSKD. Raymond James Financial Inc. acquired a new position in shares of Riskified during the 2nd quarter worth $36,000. Virtu Financial LLC acquired a new stake in shares of Riskified in the third quarter valued at about $51,000. Invesco Ltd. purchased a new stake in Riskified during the first quarter worth about $51,000. Orion Porfolio Solutions LLC acquired a new position in Riskified during the second quarter worth about $54,000. Finally, Savant Capital LLC acquired a new position in Riskified during the second quarter worth about $57,000. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Riskified Company Profile

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.