Shares of Riskified Ltd. (NYSE:RSKD – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $6.67.
RSKD has been the topic of a number of analyst reports. Piper Sandler cut their price target on Riskified from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 16th. The Goldman Sachs Group decreased their target price on Riskified from $6.00 to $5.50 in a research report on Thursday, July 13th. Finally, Truist Financial reiterated a “buy” rating and issued a $7.50 price target on shares of Riskified in a research report on Wednesday, August 16th.
Riskified Trading Down 0.9 %
Riskified (NYSE:RSKD – Get Free Report) last issued its earnings results on Tuesday, August 15th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.03. The company had revenue of $72.77 million for the quarter, compared to analyst estimates of $72.08 million. Riskified had a negative net margin of 25.53% and a negative return on equity of 13.48%. Equities research analysts forecast that Riskified will post -0.38 EPS for the current fiscal year.
Institutional Investors Weigh In On Riskified
A number of hedge funds have recently modified their holdings of RSKD. Envestnet Asset Management Inc. bought a new stake in shares of Riskified during the first quarter worth $109,000. Swiss National Bank raised its stake in shares of Riskified by 24.1% in the 1st quarter. Swiss National Bank now owns 53,000 shares of the company’s stock valued at $320,000 after purchasing an additional 10,300 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Riskified in the 1st quarter valued at about $9,587,000. BlackRock Inc. lifted its holdings in shares of Riskified by 15.2% in the first quarter. BlackRock Inc. now owns 371,296 shares of the company’s stock valued at $2,244,000 after purchasing an additional 49,124 shares in the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in shares of Riskified during the first quarter worth about $2,325,000. Institutional investors and hedge funds own 31.66% of the company’s stock.
Riskified Ltd. develops and offers an e-commerce risk management platform that allows online merchants to create trusted relationships with their consumers in the United States, Europe, the Middle East, Africa, the Asia-Pacific, and internationally. It offers Chargeback Guarantee that approves or denies online orders; Policy Protect and Account Secure, which identifies and blocks consumers that may be taking advantage of the merchant's terms and conditions or that may be trying to gain unauthorized access to another consumer's account; and PSD2, an optimize product` that help merchants to avoid bank authorization failures and abandoned shopping carts resulting from the secure customer authentication process.
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