Riskified (NYSE:RSKD) Stock Rating Lowered by Zacks Research

Riskified (NYSE:RSKD) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday, Zacks reports.

Several other research analysts have also recently weighed in on RSKD. The Goldman Sachs Group boosted their price objective on shares of Riskified from $5.50 to $7.50 and gave the stock a “sell” rating in a research report on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Riskified in a research report on Friday, August 14th. DA Davidson reissued a “buy” rating and issued a $7.50 target price on shares of Riskified in a research note on Monday, August 24th. UBS Group lifted their target price on Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Finally, Keefe, Bruyette & Woods boosted their target price on Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research report on Thursday, August 13th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Riskified presently has a consensus rating of “Reduce” and an average price target of $7.17.

Riskified Trading Down 0.9%

Shares of NYSE RSKD opened at $8.49 on Monday. Riskified has a 1-year low of $3.70 and a 1-year high of $8.78. The company has a market cap of $1.26 billion, a PE ratio of -77.23 and a beta of 1.25. The company has a 50-day moving average of $6.67 and a two-hundred day moving average of $5.44.

Riskified (NYSE:RSKD) last announced its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to analyst estimates of $89.18 million. As a group, equities research analysts forecast that Riskified will post -0.03 earnings per share for the current year.

Insider Activity at Riskified

In related news, CEO Eido Gal sold 150,000 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $6.48, for a total value of $972,000.00. Following the transaction, the chief executive officer directly owned 5,302,917 shares in the company, valued at $34,362,902.16. This represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Erez Shachar sold 47,651 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director directly owned 3,311,623 shares in the company, valued at approximately $20,465,830.14. The trade was a 1.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 2,945,014 shares of company stock worth $18,047,438 over the last 90 days. Insiders own 17.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. R Squared Ltd grew its position in Riskified by 57.8% in the first quarter. R Squared Ltd now owns 19,813 shares of the company’s stock valued at $78,000 after purchasing an additional 7,257 shares in the last quarter. Engineers Gate Manager LP increased its stake in Riskified by 13.7% in the 2nd quarter. Engineers Gate Manager LP now owns 64,591 shares of the company’s stock valued at $326,000 after buying an additional 7,799 shares during the last quarter. Modern Wealth Management LLC bought a new stake in Riskified during the 1st quarter worth about $56,000. State of Wyoming lifted its position in Riskified by 16.4% during the 1st quarter. State of Wyoming now owns 107,785 shares of the company’s stock worth $423,000 after buying an additional 15,195 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position 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 buying an additional 22,100 shares in the last quarter. Institutional investors and hedge funds own 58.98% of the company’s stock.

About Riskified

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.