Riskified Ltd. (NYSE:RSKD) Stock Rated “Reduce” by Sell-Side Analysts

Shares of Riskified Ltd. (NYSE:RSKD) have received a consensus recommendation of “Reduce” from the eight analysts that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $7.17.

A number of analysts have issued reports on RSKD shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Riskified in a research note on Friday, August 14th. DA Davidson reaffirmed a “buy” rating and issued a $7.50 target price on shares of Riskified in a report on Monday, August 24th. UBS Group boosted their price objective on shares of Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a report on Thursday, August 13th. The Goldman Sachs Group upped their target price on Riskified from $5.50 to $7.50 and gave the company a “sell” rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods raised their price target on shares of Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research note on Thursday, August 13th.

Insider Activity

In other news, CTO Avi Shauli sold 30,000 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $6.44, for a total value of $193,200.00. Following the completion of the sale, the chief technology officer directly owned 485,625 shares in the company, valued at approximately $3,127,425. This trade represents a 5.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Erez Shachar sold 47,651 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $6.18, for a total transaction of $294,483.18. Following the completion of the sale, the director owned 3,311,623 shares of the company’s stock, valued at $20,465,830.14. The trade was a 1.42% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 2,923,305 shares of company stock valued at $18,147,122. Corporate insiders own 17.40% of the company’s stock.

Institutional Investors Weigh In On Riskified

A number of institutional investors and hedge funds have recently made changes to their positions in RSKD. Renaissance Technologies LLC raised its holdings in Riskified by 1.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock worth $5,327,000 after purchasing an additional 22,100 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Riskified during the second quarter worth $1,505,000. Sei Investments Co. grew its stake in 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. Tidal Investments LLC increased its stake in Riskified by 142.3% during the 2nd quarter. Tidal Investments LLC now owns 214,731 shares of the company’s stock worth $1,082,000 after purchasing an additional 126,121 shares in the last quarter. Finally, State of Wyoming increased its position in shares of Riskified by 16.4% during the first quarter. State of Wyoming now owns 107,785 shares of the company’s stock worth $423,000 after acquiring an additional 15,195 shares in the last quarter. Institutional investors own 58.98% of the company’s stock.

Riskified Price Performance

NYSE RSKD opened at $8.22 on Friday. Riskified has a 52-week low of $3.70 and a 52-week high of $8.78. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of -74.77 and a beta of 1.25. The company has a 50 day simple moving average of $6.86 and a 200-day simple moving average of $5.52.

Riskified (NYSE:RSKD) last issued its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%. The company had revenue of $98.69 million during the quarter, compared to analyst estimates of $89.18 million. On average, analysts predict that Riskified will post -0.03 EPS for the current year.

Riskified Company Profile

Riskified Ltd. is a technology company that provides fraud and risk-management solutions for e-commerce merchants. Its platform uses data analytics, machine learning and behavioral insights to help online businesses distinguish legitimate customers from fraudulent activity while reducing friction during the purchasing process.

The company’s products are designed to address risks across the digital commerce lifecycle, including payment fraud, chargebacks, account takeover, policy abuse and other forms of customer or transaction abuse.