Riskified Ltd. (NYSE:RSKD) Receives Consensus Rating of “Hold” from Brokerages

Riskified Ltd. (NYSE:RSKD) has been assigned an average rating of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $5.9583.

A number of research firms recently issued reports on RSKD. Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Truist Financial cut their price target on Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, March 5th.

Riskified Stock Performance

Shares of NYSE RSKD opened at $4.75 on Monday. The stock has a market cap of $702.97 million, a PE ratio of -43.14 and a beta of 1.40. The business has a fifty day moving average of $4.50 and a two-hundred day moving average of $4.58. Riskified has a 52-week low of $3.70 and a 52-week high of $5.68.

Riskified (NYSE:RSKD) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The company had revenue of $88.27 million during the quarter, compared to analysts’ expectations of $87.72 million. Riskified had a negative return on equity of 3.91% and a negative net margin of 5.17%. Analysts predict that Riskified will post -0.01 earnings per share for the current year.

Insider Transactions at Riskified

In related news, Director Erez Shachar sold 65,169 shares of Riskified stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $4.80, for a total value of $312,811.20. Following the completion of the transaction, the director directly owned 5,093,446 shares of the company’s stock, valued at $24,448,540.80. The trade was a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Assaf Feldman sold 32,590 shares of Riskified stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $4.68, for a total value of $152,521.20. Following the completion of the transaction, the chief technology officer directly owned 2,163,125 shares of the company’s stock, valued at $10,123,425. This represents a 1.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 250,678 shares of company stock valued at $1,205,143 over the last ninety days. 17.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new position in shares of Riskified in the second quarter valued at about $36,000. Man Group plc acquired a new stake in Riskified in the fourth quarter worth about $50,000. T3 Companies LLC acquired a new stake in Riskified in the fourth quarter worth about $54,000. Orion Porfolio Solutions LLC acquired a new stake in Riskified in the second quarter worth about $54,000. Finally, Virtu Financial LLC acquired a new stake in Riskified in the third quarter worth about $51,000. 58.98% of the stock is owned by 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.