Riskified Ltd. (NYSE:RSKD) Receives Consensus Rating of “Hold” from Brokerages

Riskified Ltd. (NYSE:RSKD) has received a consensus rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $5.9583.

Separately, Wall Street Zen raised shares of Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th.

Insider Activity

In related news, Director Erez Shachar sold 265,549 shares of Riskified stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $5.08, for a total transaction of $1,348,988.92. Following the transaction, the director owned 1,928,427 shares in the company, valued at approximately $9,796,409.16. The trade was a 12.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Assaf Feldman sold 230,512 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $5.02, for a total transaction of $1,157,170.24. Following the completion of the transaction, the chief technology officer directly owned 1,932,613 shares of the company’s stock, valued at $9,701,717.26. This represents a 10.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,600,324 shares of company stock valued at $17,896,455 over the last 90 days. Company insiders own 17.40% of the company’s stock.

Institutional Trading of Riskified

Several institutional investors have recently made changes to their positions in the business. Clearline Capital LP raised its stake in Riskified by 23.8% during the 3rd quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock valued at $14,536,000 after purchasing an additional 597,765 shares during the period. Harvey Partners LLC raised its position in shares of Riskified by 20.4% during the third quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock valued at $14,475,000 after buying an additional 523,855 shares during the last quarter. Nuveen LLC raised its position in shares of Riskified by 3.3% during the fourth quarter. Nuveen LLC now owns 1,476,002 shares of the company’s stock valued at $7,336,000 after buying an additional 47,464 shares during the last quarter. Monimus Capital Management LP lifted its holdings in shares of Riskified by 13.2% in the fourth quarter. Monimus Capital Management LP now owns 1,404,744 shares of the company’s stock worth $6,982,000 after buying an additional 164,302 shares in the last quarter. Finally, TFJ Management LLC lifted its holdings in shares of Riskified by 31.7% in the third quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock worth $6,524,000 after buying an additional 335,399 shares in the last quarter. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Riskified Stock Down 0.3%

Shares of RSKD opened at $5.24 on Friday. The business has a 50-day simple moving average of $4.85 and a two-hundred day simple moving average of $4.60. Riskified has a 52 week low of $3.70 and a 52 week high of $5.68. The stock has a market cap of $775.57 million, a price-to-earnings ratio of -47.59 and a beta of 1.38.

Riskified (NYSE:RSKD) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The firm had revenue of $88.27 million for the quarter, compared to analysts’ expectations of $87.72 million. Riskified had a negative return on equity of 3.91% and a negative net margin of 5.17%. On average, equities analysts anticipate that Riskified will post -0.01 earnings per share for the current fiscal 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.