Riskified (NYSE:RSKD) Upgraded to “Strong-Buy” at Wall Street Zen

Riskified (NYSE:RSKD) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

Separately, Truist Financial dropped their price target on shares of Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.96.

Riskified Trading Up 2.2%

Shares of RSKD stock opened at $4.88 on Friday. The stock has a market capitalization of $722.23 million, a P/E ratio of -44.32 and a beta of 1.39. The firm’s 50 day moving average is $4.42 and its 200 day moving average is $4.58. Riskified has a 12 month low of $3.70 and a 12 month high of $5.68.

Riskified (NYSE:RSKD) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The company had revenue of $88.27 million for the quarter, compared to analysts’ expectations of $87.72 million. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%.

Insider Buying and Selling

In related news, CTO Assaf Feldman sold 32,590 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $4.68, for a total transaction of $152,521.20. Following the sale, the chief technology officer directly owned 2,163,125 shares in the company, valued at approximately $10,123,425. This represents a 1.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Erez Shachar sold 65,169 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $4.80, for a total transaction of $312,811.20. Following the sale, the director owned 5,093,446 shares in the company, valued at $24,448,540.80. The trade was a 1.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 204,033 shares of company stock worth $976,582 over the last 90 days. 17.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Riskified

Several institutional investors and hedge funds have recently bought and sold shares of RSKD. Raymond James Financial Inc. purchased a new stake in Riskified in the 2nd quarter worth approximately $36,000. Man Group plc purchased a new stake in Riskified in the 4th quarter worth approximately $50,000. Virtu Financial LLC purchased a new stake in Riskified in the 3rd quarter worth approximately $51,000. Invesco Ltd. purchased a new stake in Riskified in the 1st quarter worth approximately $51,000. Finally, T3 Companies LLC purchased a new stake in Riskified in the 4th quarter worth approximately $54,000. 58.98% of the stock is currently 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.