Wall Street Zen Downgrades Riskified (NYSE:RSKD) to Hold

Riskified (NYSE:RSKD) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other equities analysts have also recently commented on RSKD. UBS Group lifted their price objective on shares of Riskified from $5.00 to $5.50 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. Truist Financial decreased their price target on shares of Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday. DA Davidson restated a “buy” rating and set a $6.00 price objective on shares of Riskified in a research report on Thursday, November 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Riskified in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. raised Riskified from an “underweight” rating to a “neutral” rating and set a $6.00 price objective on the stock in a report on Friday, November 14th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Riskified has an average rating of “Hold” and an average price target of $5.96.

Riskified Price Performance

Shares of RSKD opened at $4.48 on Friday. The firm has a 50-day moving average of $4.58 and a 200-day moving average of $4.69. The company has a market cap of $722.70 million, a PE ratio of -26.37 and a beta of 1.33. Riskified has a one year low of $3.94 and a one year high of $5.68.

Riskified (NYSE:RSKD) last posted its quarterly earnings results on Wednesday, March 4th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Riskified had a negative return on equity of 5.63% and a negative net margin of 8.00%.The business had revenue of $99.33 million during the quarter, compared to analysts’ expectations of $97.21 million. Analysts expect that Riskified will post -0.15 earnings per share for the current year.

Institutional Trading of Riskified

Institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC raised its position in Riskified by 335.3% during the fourth quarter. Millennium Management LLC now owns 795,441 shares of the company’s stock valued at $3,953,000 after purchasing an additional 612,719 shares in the last quarter. Clearline Capital LP raised its holdings in shares of Riskified by 23.8% during the 3rd quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock worth $14,536,000 after buying an additional 597,765 shares in the last quarter. Harvey Partners LLC lifted its position in shares of Riskified by 20.4% during the 3rd quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock worth $14,475,000 after buying an additional 523,855 shares during the last quarter. Anson Funds Management LP grew its position in Riskified by 136.0% in the fourth quarter. Anson Funds Management LP now owns 633,746 shares of the company’s stock valued at $3,150,000 after acquiring an additional 365,254 shares during the last quarter. Finally, TFJ Management LLC raised its stake in Riskified by 31.7% during the third quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock worth $6,524,000 after acquiring an additional 335,399 shares in the last quarter. Institutional investors own 58.98% of the company’s stock.

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.