Riskified (NYSE:RSKD) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Riskified (NYSE:RSKD) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

RSKD has been the subject of a number of other research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Riskified in a report on Monday, December 29th. DA Davidson reaffirmed a “buy” rating and set a $6.00 price target on shares of Riskified in a report on Thursday, November 13th. UBS Group increased their price objective on Riskified from $5.00 to $5.50 and gave the company a “neutral” rating in a research report on Thursday, November 13th. JPMorgan Chase & Co. raised Riskified from an “underweight” rating to a “neutral” rating and set a $6.00 target price for the company in a research report on Friday, November 14th. Finally, Truist Financial lowered their target price 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 research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $5.96.

Riskified Stock Down 0.4%

NYSE:RSKD opened at $4.46 on Friday. The company’s 50 day moving average price is $4.57 and its 200-day moving average price is $4.70. Riskified has a 52 week low of $3.94 and a 52 week high of $5.68. The stock has a market cap of $719.00 million, a price-to-earnings ratio of -26.23 and a beta of 1.32.

Riskified (NYSE:RSKD) last announced its quarterly earnings results on Wednesday, March 4th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. Riskified had a negative net margin of 8.00% and a negative return on equity of 5.63%. The company had revenue of $99.33 million during the quarter, compared to the consensus estimate of $97.21 million. As a group, sell-side analysts anticipate that Riskified will post -0.15 earnings per share for the current year.

Institutional Trading of Riskified

Hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its position in Riskified by 1.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 302,262 shares of the company’s stock worth $1,502,000 after purchasing an additional 2,900 shares during the last quarter. FNY Investment Advisers LLC increased its position in shares of Riskified by 24.8% during the 3rd quarter. FNY Investment Advisers LLC now owns 15,110 shares of the company’s stock valued at $70,000 after purchasing an additional 3,000 shares during the last quarter. ARK Investment Management LLC increased its position in shares of Riskified by 1.2% during the 3rd quarter. ARK Investment Management LLC now owns 368,310 shares of the company’s stock valued at $1,724,000 after purchasing an additional 4,248 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of Riskified by 5.5% in the 2nd quarter. California State Teachers Retirement System now owns 93,086 shares of the company’s stock worth $464,000 after purchasing an additional 4,826 shares during the period. Finally, Swiss National Bank boosted its holdings in shares of Riskified by 3.1% in the fourth quarter. Swiss National Bank now owns 167,513 shares of the company’s stock worth $833,000 after buying an additional 5,000 shares during the last quarter. 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.