Riskified Ltd. (NYSE:RSKD) Given Consensus Rating of “Hold” by Brokerages

Shares of Riskified Ltd. (NYSE:RSKD) have earned a consensus recommendation of “Hold” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $5.8929.

A number of equities research analysts have recently weighed in on RSKD shares. UBS Group lifted their target price on Riskified from $5.00 to $5.50 and gave the stock a “neutral” rating in a report on Thursday, November 13th. JPMorgan Chase & Co. upgraded shares of Riskified from an “underweight” rating to a “neutral” rating and set a $6.00 price objective for the company in a research note on Friday, November 14th. Wall Street Zen upgraded shares of Riskified from a “hold” rating to a “buy” rating in a research report on Sunday, November 16th. DA Davidson reiterated a “buy” rating and issued a $6.00 price target on shares of Riskified in a research note on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a report on Monday, December 29th.

Hedge Funds Weigh In On Riskified

Several hedge funds and other institutional investors have recently made changes to their positions in RSKD. Allspring Global Investments Holdings LLC increased its stake in shares of Riskified by 17.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,104,694 shares of the company’s stock valued at $5,512,000 after purchasing an additional 165,947 shares during the last quarter. Bronte Capital Management Pty Ltd. raised its stake in Riskified by 14.3% during the second quarter. Bronte Capital Management Pty Ltd. now owns 531,929 shares of the company’s stock worth $2,654,000 after acquiring an additional 66,548 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Riskified by 3.3% in the 2nd quarter. Jennison Associates LLC now owns 5,886,511 shares of the company’s stock valued at $29,374,000 after purchasing an additional 189,188 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Riskified by 129.1% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 191,015 shares of the company’s stock valued at $953,000 after buying an additional 107,646 shares in the last quarter. Finally, Brookwood Investment Group LLC bought a new stake in shares of Riskified during the second quarter worth $100,000. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Riskified Stock Up 0.8%

Shares of RSKD stock opened at $4.53 on Tuesday. Riskified has a 12-month low of $3.94 and a 12-month high of $5.99. The company has a market capitalization of $729.48 million, a PE ratio of -19.63 and a beta of 1.34. The firm has a 50 day moving average price of $4.75 and a two-hundred day moving average price of $4.77.

Riskified (NYSE:RSKD) last posted its earnings results on Wednesday, November 12th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $81.86 million for the quarter, compared to the consensus estimate of $80.25 million. Riskified had a negative return on equity of 8.12% and a negative net margin of 11.04%.The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.03 earnings per share. As a group, research analysts expect that Riskified will post -0.15 EPS for the current year.

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.