Riskified Ltd. (NYSE:RSKD) Given Average Rating of “Hold” by Analysts

Riskified Ltd. (NYSE:RSKD) has been given an average rating of “Hold” by the seven brokerages that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $6.50.

Several equities analysts have recently commented on RSKD shares. Weiss Ratings restated a “sell (d-)” rating on shares of Riskified in a research report on Friday, August 14th. The Goldman Sachs Group boosted their price objective on Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a research report on Wednesday, August 12th. DA Davidson reiterated a “buy” rating and issued a $7.50 price objective on shares of Riskified in a report on Monday, August 24th. Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Finally, Keefe, Bruyette & Woods raised their price objective on Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research report on Thursday, August 13th.

Insider Transactions at Riskified

In other Riskified news, insider Assaf Feldman sold 450,000 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $6.01, for a total transaction of $2,704,500.00. Following the transaction, the insider directly owned 1,417,371 shares in the company, valued at approximately $8,518,399.71. This represents a 24.10% decrease in their position. The transaction was disclosed in a filing 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, CFO Aglika Dotcheva sold 180,000 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $5.95, for a total transaction of $1,071,000.00. Following the transaction, the chief financial officer directly owned 1,510,874 shares in the company, valued at approximately $8,989,700.30. This represents a 10.65% 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. In the last ninety days, insiders sold 5,837,792 shares of company stock valued at $31,149,840. Corporate insiders own 17.40% of the company’s stock.

Institutional Trading of Riskified

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Globeflex Capital L P bought a new position in Riskified in the fourth quarter worth approximately $736,000. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Riskified during the fourth quarter valued at approximately $1,019,000. 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 acquiring an additional 166,099 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Riskified by 1.7% during 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. Finally, Modern Wealth Management LLC acquired a new position in shares of Riskified during the first quarter worth approximately $56,000. 58.98% of the stock is owned by institutional investors.

Riskified Price Performance

Riskified stock opened at $6.33 on Friday. The firm has a market cap of $937.79 million, a PE ratio of -57.55 and a beta of 1.38. The stock’s fifty day moving average price is $5.41 and its two-hundred day moving average price is $4.82. Riskified has a one year low of $3.70 and a one year high of $6.61.

Riskified (NYSE:RSKD) last released its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $98.69 million for the quarter, compared to analyst estimates of $89.18 million. Riskified had a negative return on equity of 3.93% and a negative net margin of 4.23%. Sell-side analysts expect that Riskified will post -0.03 earnings per share for the current fiscal year.

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.