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

Shares of Riskified Ltd. (NYSE:RSKD) have been assigned a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $6.50.

RSKD has been the topic of a number of research reports. DA Davidson reaffirmed a “buy” rating and set a $7.50 target price on shares of Riskified in a research note on Monday, August 24th. The Goldman Sachs Group raised their price objective on shares of Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a report on Wednesday, August 12th. Keefe, Bruyette & Woods lifted their price objective on Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a research report on Thursday, August 13th. UBS Group upped their target price on Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Riskified in a research report on Friday, August 14th.

Insider Buying and Selling

In other news, CTO Avi Shauli sold 30,000 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $6.44, for a total transaction of $193,200.00. Following the sale, the chief technology officer owned 485,625 shares in the company, valued at approximately $3,127,425. The trade was a 5.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Eido Gal sold 150,000 shares of the company’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $6.48, for a total transaction of $972,000.00. Following the completion of the sale, 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,821,985 shares of company stock valued at $32,589,474 over the last 90 days. 17.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Riskified

Hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC grew its holdings in Riskified by 1.7% in the first quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock worth $5,327,000 after purchasing an additional 22,100 shares during the period. Sei Investments Co. lifted its holdings in shares of Riskified by 87.4% during the first quarter. Sei Investments Co. now owns 356,173 shares of the company’s stock valued at $1,396,000 after purchasing an additional 166,099 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Riskified during the second quarter valued at approximately $1,505,000. Tidal Investments LLC boosted its position in shares of Riskified by 142.3% in the 2nd quarter. Tidal Investments LLC now owns 214,731 shares of the company’s stock worth $1,082,000 after purchasing an additional 126,121 shares in the last quarter. Finally, Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Riskified in the 4th quarter worth approximately $1,019,000. Institutional investors own 58.98% of the company’s stock.

Riskified Stock Up 0.1%

Shares of Riskified stock opened at $6.21 on Wednesday. The company has a market cap of $920.76 million, a PE ratio of -56.50 and a beta of 1.38. The business has a 50 day moving average of $5.78 and a 200 day moving average of $5.02. Riskified has a 52 week low of $3.70 and a 52 week high of $6.98.

Riskified (NYSE:RSKD) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%. The business had revenue of $98.69 million for the quarter, compared to analysts’ expectations of $89.18 million. On average, research analysts anticipate that Riskified will post -0.03 earnings per share for the current year.

Riskified Company Profile

Riskified Ltd. is a technology company that provides fraud and risk-management solutions for e-commerce businesses. Its platform uses data analytics, machine learning and network insights to help merchants distinguish legitimate customers from fraudulent transactions, reduce payment-related losses and improve the online shopping experience.

The company’s product offerings include solutions designed to protect merchants from chargebacks, identify and prevent policy abuse, secure customer accounts and support payment approval decisions.