Riskified (NYSE:RSKD) Hits New 12-Month High – What’s Next?

Riskified Ltd. (NYSE:RSKD)’s share price reached a new 52-week high during trading on Tuesday. The stock traded as high as $8.80 and last traded at $8.7650, with a volume of 736,673 shares. The stock had previously closed at $8.34.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on RSKD shares. The Goldman Sachs Group boosted their target price on Riskified from $5.50 to $7.50 and gave the stock a “sell” rating in a research note on Tuesday, October 13th. Zacks Research downgraded Riskified from a “hold” rating to a “strong sell” rating in a research report on Monday, October 12th. Truist Financial lifted their price target on Riskified from $7.50 to $9.00 and gave the stock a “buy” rating in a report on Monday, September 28th. DA Davidson reiterated a “buy” rating and set a $7.50 price target on shares of Riskified in a report on Monday, August 24th. Finally, UBS Group boosted their price objective on Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $7.17.

Riskified Stock Up 2.2%

The company’s 50-day moving average is $7.04 and its two-hundred day moving average is $5.63. The company has a market cap of $1.33 billion, a P/E ratio of -81.50 and a beta of 1.25.

Riskified (NYSE:RSKD) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $98.69 million for 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%. On average, analysts anticipate that Riskified Ltd. will post -0.03 EPS for the current fiscal year.

Insider Activity at Riskified

In related news, CEO Eido Gal sold 150,000 shares of the company’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 in the company, valued at approximately $34,362,902.16. This represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Avi Shauli sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $6.44, for a total value of $193,200.00. Following the completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,895,705 shares of company stock worth $18,001,670 over the last 90 days. Corporate insiders own 17.40% of the company’s stock.

Hedge Funds Weigh In On Riskified

Several institutional investors and hedge funds have recently bought and sold shares of RSKD. Kings Path Partners LLC purchased a new stake in Riskified in the third quarter worth $377,000. State of Alaska Department of Revenue purchased a new position in shares of Riskified during the 3rd quarter valued at $41,000. Tidal Investments LLC lifted its position in shares of Riskified by 142.3% during the 2nd quarter. Tidal Investments LLC now owns 214,731 shares of the company’s stock valued at $1,082,000 after buying an additional 126,121 shares during the last quarter. Engineers Gate Manager LP grew its stake in shares of Riskified by 13.7% during the 2nd quarter. Engineers Gate Manager LP now owns 64,591 shares of the company’s stock worth $326,000 after acquiring an additional 7,799 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Riskified during the 2nd quarter worth $1,505,000. 58.98% of the stock is owned by institutional investors.

About Riskified

Riskified Ltd. (NYSE: RSKD) is a technology company that provides fraud and risk-management solutions for e-commerce businesses. Its platform uses data analysis, machine learning and automated decision-making to help merchants distinguish legitimate customers from potentially fraudulent transactions while supporting online sales and customer conversion.

The company’s products are designed to address several stages of the digital commerce lifecycle, including payment approval, account protection, chargeback management and checkout optimization.