Riskified Ltd. (NYSE:RSKD) Stock Has Consensus Price Target of $7.17

Shares of Riskified Ltd. (NYSE:RSKD) have been given an average recommendation of “Hold” by the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $7.17.

A number of equities analysts have issued reports on RSKD shares. UBS Group lifted their target price 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. Truist Financial upped their price target on shares of Riskified from $7.50 to $9.00 and gave the company a “buy” rating in a report on Monday, September 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Riskified in a research report on Friday, August 14th. Keefe, Bruyette & Woods raised their price objective on shares of Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research note on Thursday, August 13th. Finally, Zacks Research raised shares of Riskified from a “strong sell” rating to a “hold” rating in a research note on Tuesday.

Insider Transactions at Riskified

In other Riskified news, Director Erez Shachar sold 47,651 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $6.18, for a total transaction of $294,483.18. Following the completion of the transaction, the director owned 3,311,623 shares of the company’s stock, valued at approximately $20,465,830.14. This trade represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Ravi Kumaraswami sold 65,000 shares of the business’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $8.36, for a total value of $543,400.00. Following the completion of the transaction, the insider directly owned 1,423,665 shares of the company’s stock, valued at approximately $11,901,839.40. This trade represents a 4.37% 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 have sold 2,260,119 shares of company stock worth $14,196,843 in the last quarter. Insiders own 17.40% of the company’s stock.

Institutional Trading of Riskified

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its stake in Riskified by 1.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock valued at $5,327,000 after purchasing an additional 22,100 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Riskified during the 3rd quarter worth about $4,915,000. Sei Investments Co. boosted its stake in shares of Riskified by 87.4% during the 1st quarter. Sei Investments Co. now owns 356,173 shares of the company’s stock worth $1,396,000 after purchasing an additional 166,099 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Riskified during the 2nd quarter worth about $1,505,000. Finally, Tidal Investments LLC grew its holdings in shares of Riskified by 142.3% during the second quarter. Tidal Investments LLC now owns 214,731 shares of the company’s stock worth $1,082,000 after buying an additional 126,121 shares in the last quarter. 58.98% of the stock is currently owned by hedge funds and other institutional investors.

Riskified Stock Up 22.5%

Shares of RSKD stock opened at $10.38 on Thursday. Riskified has a fifty-two week low of $3.70 and a fifty-two week high of $11.13. The stock has a market cap of $1.54 billion, a P/E ratio of -94.40 and a beta of 1.34. The business has a fifty day simple moving average of $7.84 and a 200-day simple moving average of $5.57.

Riskified (NYSE:RSKD) last released its quarterly earnings results on Wednesday, November 11th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.04. Riskified had a negative return on equity of 3.93% and a negative net margin of 4.23%. The business had revenue of $115.18 million during the quarter, compared to the consensus estimate of $103.41 million. On average, sell-side analysts anticipate that Riskified will post -0.03 earnings per share for the current year.

Latest Riskified News

Here’s some of the latest news about RSKD:

• Positive Sentiment: Q3 results topped expectations: Riskified reported earnings of $0.07 per share and revenue of $115.18 million, above estimates of $0.03 per share and $103.41 million. Revenue grew 41%, while the company said gross-profit growth accelerated and net losses narrowed substantially. Riskified Q3 results
• Positive Sentiment: Zacks upgraded its rating: Zacks Research raised Riskified from “strong sell” to “hold,” a less bearish stance that may add support to sentiment. Zacks rating change
• Neutral Sentiment: Despite the improvement, Riskified remained loss-making, with a reported negative net margin and negative return on equity. Investors may look for evidence that stronger growth and narrower losses can translate into sustained profitability. Quarterly earnings report

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.