Riskified (NYSE:RSKD) Reaches New 1-Year High – What’s Next?

Riskified Ltd. (NYSE:RSKD) hit a new 52-week high on Wednesday. The company traded as high as $10.32 and last traded at $10.7820, with a volume of 444,350 shares changing hands. The stock had previously closed at $8.48.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RSKD. Truist Financial raised their price objective on Riskified from $7.50 to $9.00 and gave the stock a “buy” rating in a research note on Monday, September 28th. Keefe, Bruyette & Woods increased their target price on shares of Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a report on Thursday, August 13th. The Goldman Sachs Group increased their target price on shares of Riskified from $5.50 to $7.50 and gave the stock a “sell” rating in a report on Tuesday, October 13th. UBS Group raised their price target on shares of Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $7.50 price target on shares of Riskified in a report on Monday, August 24th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Riskified presently has an average rating of “Reduce” and a consensus price target of $7.17.

Riskified Stock Performance

The stock’s fifty day moving average is $7.76 and its two-hundred day moving average is $5.54. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of -99.05 and a beta of 1.34.

Riskified (NYSE:RSKD) last posted its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting 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 firm had revenue of $98.69 million during the quarter, compared to analyst estimates of $89.18 million. Sell-side analysts predict that Riskified Ltd. will post -0.03 earnings per share for the current year.

Insider Buying and Selling

In other news, CTO Avi Shauli sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $6.44, for a total transaction of $193,200.00. Following the completion of the transaction, the chief technology officer directly owned 485,625 shares in the company, valued at approximately $3,127,425. The trade was a 5.82% decrease in their ownership of the stock. 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 business’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $6.48, for a total value of $972,000.00. Following the transaction, the chief executive officer owned 5,302,917 shares of the company’s stock, valued at approximately $34,362,902.16. This represents a 2.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 2,260,119 shares of company stock valued at $14,196,843 in the last ninety days. Insiders own 17.40% of the company’s stock.

Institutional Trading of Riskified

Several hedge funds have recently added to or reduced their stakes in RSKD. Renaissance Technologies LLC boosted 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 acquiring an additional 22,100 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Riskified in the third quarter worth $4,915,000. Public Employees Retirement System of Ohio acquired a new position in shares of Riskified during the second quarter valued at $1,505,000. Sei Investments Co. increased 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 period. Finally, Tidal Investments LLC raised its stake in shares of Riskified by 142.3% during the second quarter. Tidal Investments LLC now owns 214,731 shares of the company’s stock valued at $1,082,000 after purchasing an additional 126,121 shares in the last quarter. Institutional investors own 58.98% of the company’s stock.

Riskified Company Profile

Riskified Ltd. is a technology company that helps online merchants identify and manage fraud and other risks in e-commerce transactions. Its platform uses machine learning and data analysis to assess purchases and support decisions such as approving or declining orders. The company’s services include fraud screening backed by a chargeback guarantee, as well as tools designed to help merchants address payment disputes, account abuse and other forms of policy misuse. Riskified’s systems are intended to help businesses reduce losses while allowing legitimate customers to complete purchases.