Riskified Ltd. (NYSE:RSKD) Receives $6.50 Average Price Target from Brokerages

Shares of Riskified Ltd. (NYSE:RSKD) have earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $6.50.

A number of research analysts recently weighed in on RSKD shares. DA Davidson reissued a “buy” rating and issued a $7.50 price objective on shares of Riskified in a research note on Monday. Wall Street Zen upgraded Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. UBS Group lifted their price target on shares of Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a research report on Thursday, August 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Riskified in a research note on Friday, August 14th. Finally, The Goldman Sachs Group boosted their price objective on shares of Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a research note on Wednesday, August 12th.

Riskified Price Performance

NYSE RSKD opened at $5.96 on Friday. Riskified has a fifty-two week low of $3.70 and a fifty-two week high of $6.61. The stock’s 50-day moving average is $5.32 and its two-hundred day moving average is $4.77. The firm has a market cap of $883.71 million, a P/E ratio of -54.23 and a beta of 1.38.

Riskified (NYSE:RSKD) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The company had revenue of $98.69 million during the quarter, compared to analysts’ expectations of $89.18 million. Riskified had a negative return on equity of 3.93% and a negative net margin of 4.23%. On average, equities analysts expect that Riskified will post -0.01 EPS for the current year.

Insider Buying and Selling

In other Riskified news, Director Erez Shachar sold 435,900 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $5.02, for a total transaction of $2,188,218.00. Following the completion of the sale, the director directly owned 2,193,976 shares in the company, valued at $11,013,759.52. This represents a 16.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Assaf Feldman sold 450,000 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $6.01, for a total value of $2,704,500.00. Following the completion of the sale, the insider directly owned 1,417,371 shares in the company, valued at approximately $8,518,399.71. This represents a 24.10% 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 have sold 5,384,791 shares of company stock worth $28,463,471 in the last quarter. 17.40% of the stock is currently owned by company insiders.

Institutional Trading of Riskified

Hedge funds have recently added to or reduced their stakes in the business. Globeflex Capital L P bought a new position in Riskified in the 4th quarter worth approximately $736,000. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Riskified in the fourth quarter valued at approximately $1,019,000. Sei Investments Co. boosted its position in shares of Riskified by 87.4% in the first quarter. Sei Investments Co. now owns 356,173 shares of the company’s stock valued at $1,396,000 after acquiring an additional 166,099 shares during the period. Renaissance Technologies LLC grew its stake in shares of Riskified by 1.7% in the first quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock worth $5,327,000 after acquiring an additional 22,100 shares during the last quarter. Finally, Modern Wealth Management LLC acquired a new stake in shares of Riskified in the first quarter worth $56,000. Institutional investors own 58.98% of the company’s stock.

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.