Riskified (NYSE:RSKD) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Riskified (NYSE:RSKD) from a hold rating to a buy rating in a report published on Sunday.

Other research analysts also recently issued reports about the company. Truist Financial reduced their price objective on Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $5.96.

Riskified Trading Up 1.3%

NYSE:RSKD opened at $4.18 on Friday. Riskified has a 12 month low of $3.94 and a 12 month high of $5.68. The stock has a 50 day moving average of $4.52 and a two-hundred day moving average of $4.69. The firm has a market cap of $618.53 million, a P/E ratio of -24.56 and a beta of 1.32.

Riskified (NYSE:RSKD) last announced its earnings results on Wednesday, March 4th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $99.33 million during the quarter, compared to analysts’ expectations of $97.21 million. Riskified had a negative return on equity of 5.63% and a negative net margin of 8.00%. On average, research analysts forecast that Riskified will post -0.15 earnings per share for the current year.

Institutional Investors Weigh In On Riskified

A number of large investors have recently made changes to their positions in RSKD. XTX Topco Ltd increased its holdings in shares of Riskified by 60.3% in the fourth quarter. XTX Topco Ltd now owns 79,565 shares of the company’s stock valued at $395,000 after purchasing an additional 29,920 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Riskified during the fourth quarter worth $535,000. Millennium Management LLC boosted its stake in Riskified by 335.3% during the fourth quarter. Millennium Management LLC now owns 795,441 shares of the company’s stock worth $3,953,000 after buying an additional 612,719 shares during the last quarter. Man Group plc purchased a new stake in Riskified in the 4th quarter valued at $50,000. Finally, 9823 Capital L.P. purchased a new stake in Riskified in the 4th quarter valued at $182,000. 58.98% of the stock is currently owned by hedge funds and other institutional investors.

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.