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

Riskified Ltd. (NYSE:RSKD) has been assigned a consensus rating of “Hold” from the seven ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $5.9583.

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

Insider Buying and Selling

In other news, Director Erez Shachar sold 356,000 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $5.02, for a total value of $1,787,120.00. Following the sale, the director directly owned 3,131,977 shares in the company, valued at $15,722,524.54. The trade was a 10.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 2,647,563 shares of company stock worth $13,097,718 in the last three months. 17.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Riskified

Several institutional investors have recently modified their holdings of RSKD. Clearline Capital LP increased its position in shares of Riskified by 23.8% during the 3rd quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock valued at $14,536,000 after purchasing an additional 597,765 shares during the last quarter. Harvey Partners LLC boosted its stake in Riskified by 20.4% during the third quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock worth $14,475,000 after buying an additional 523,855 shares during the period. Nuveen LLC boosted its stake in Riskified by 3.3% during the fourth quarter. Nuveen LLC now owns 1,476,002 shares of the company’s stock worth $7,336,000 after buying an additional 47,464 shares during the period. Monimus Capital Management LP increased its position in Riskified by 13.2% during the fourth quarter. Monimus Capital Management LP now owns 1,404,744 shares of the company’s stock valued at $6,982,000 after acquiring an additional 164,302 shares during the last quarter. Finally, TFJ Management LLC increased its position in Riskified by 31.7% during the third quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock valued at $6,524,000 after acquiring an additional 335,399 shares during the last quarter. 58.98% of the stock is owned by institutional investors.

Riskified Trading Up 2.1%

NYSE:RSKD opened at $5.12 on Friday. The stock has a 50-day moving average price of $4.81 and a 200 day moving average price of $4.59. The stock has a market capitalization of $759.28 million, a P/E ratio of -46.59 and a beta of 1.38. Riskified has a 12-month low of $3.70 and a 12-month high of $5.68.

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

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.