Riskified’s (RSKD) Buy Rating Reiterated at DA Davidson

Riskified (NYSE:RSKD)‘s stock had its “buy” rating restated by equities researchers at DA Davidson in a research note issued to investors on Monday,Benzinga reports. They currently have a $7.50 price target on the stock. DA Davidson’s target price indicates a potential upside of 26.80% from the stock’s previous close.

Several other equities analysts have also recently commented on the stock. Wall Street Zen raised shares of Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of Riskified in a report on Friday, August 14th. UBS Group upped their price objective on Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Keefe, Bruyette & Woods increased their target price on Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a report on Thursday, August 13th. Finally, The Goldman Sachs Group lifted their target price on Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a research report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Riskified presently has a consensus rating of “Hold” and an average target price of $6.50.

Riskified Price Performance

RSKD traded up $0.01 during trading on Monday, hitting $5.92. The company had a trading volume of 217,246 shares, compared to its average volume of 921,246. Riskified has a 1-year low of $3.70 and a 1-year high of $6.61. The company has a market cap of $876.31 million, a PE ratio of -53.86 and a beta of 1.38. The business has a 50-day moving average of $5.30 and a 200-day moving average of $4.76.

Riskified (NYSE:RSKD) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $98.69 million during the quarter, compared to analyst estimates of $89.18 million. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%. Research analysts forecast that Riskified will post -0.01 earnings per share for the current year.

Insider Transactions at Riskified

In related news, Director Erez Shachar sold 435,900 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $5.02, for a total transaction of $2,188,218.00. Following the sale, the director owned 2,193,976 shares in the company, valued at $11,013,759.52. This represents a 16.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aglika Dotcheva sold 180,000 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $5.95, for a total transaction of $1,071,000.00. Following the sale, the chief financial officer owned 1,510,874 shares in the company, valued at approximately $8,989,700.30. This trade represents a 10.65% 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. In the last three months, insiders have sold 5,449,960 shares of company stock worth $28,776,282. 17.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Riskified

Several institutional investors have recently made changes to their positions in the stock. Nuveen LLC lifted its holdings in shares of Riskified by 3.3% in the 4th quarter. Nuveen LLC now owns 1,476,002 shares of the company’s stock worth $7,336,000 after purchasing an additional 47,464 shares during the last quarter. Monimus Capital Management LP grew its stake in Riskified by 13.2% during the 4th 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 during the last quarter. Renaissance Technologies LLC grew its stake 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 during the last quarter. State Street Corp increased its position in Riskified by 11.9% in the fourth quarter. State Street Corp now owns 866,456 shares of the company’s stock worth $4,306,000 after buying an additional 92,019 shares during the period. Finally, Millennium Management LLC increased its position in Riskified by 335.3% in 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 period. 58.98% of the stock is owned by 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.