Brokerages Set Riskified Ltd. (NYSE:RSKD) PT at $6.50

Riskified Ltd. (NYSE:RSKD) has been assigned an average rating of “Hold” from the seven ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $6.50.

Several brokerages recently issued reports on RSKD. The Goldman Sachs Group upped their target price on Riskified from $4.75 to $5.50 and gave the company a “sell” rating in a research report on Wednesday, August 12th. Keefe, Bruyette & Woods lifted their target price 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. Weiss Ratings restated a “sell (d-)” rating on shares of Riskified in a research note on Friday, August 14th. 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 report on Thursday, August 13th. Finally, Wall Street Zen raised shares of Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th.

Insider Buying and Selling at Riskified

In other news, insider Ravi Kumaraswami sold 65,000 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $6.18, for a total value of $401,700.00. Following the transaction, the insider directly owned 1,551,246 shares of the company’s stock, valued at approximately $9,586,700.28. This represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eido Gal sold 150,000 shares of Riskified stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $6.48, for a total value of $972,000.00. Following the sale, the chief executive officer directly owned 5,302,917 shares of the company’s stock, valued at $34,362,902.16. This trade represents a 2.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 5,930,790 shares of company stock worth $33,127,483. 17.40% of the stock is owned by corporate insiders.

Institutional Trading of Riskified

Hedge funds have recently modified their holdings of the stock. T3 Companies LLC acquired a new position in Riskified in the fourth quarter valued at approximately $54,000. Modern Wealth Management LLC purchased a new position in Riskified in the first quarter valued at $56,000. R Squared Ltd raised its position in shares of Riskified by 57.8% in the first quarter. R Squared Ltd now owns 19,813 shares of the company’s stock worth $78,000 after acquiring an additional 7,257 shares during the period. 9823 Capital L.P. acquired a new position in shares of Riskified in the fourth quarter worth about $182,000. Finally, Engineers Gate Manager LP boosted 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 in the last quarter. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Riskified Price Performance

Shares of RSKD stock opened at $6.21 on Wednesday. The stock’s 50-day moving average is $5.78 and its 200 day moving average is $5.01. Riskified has a 1-year low of $3.70 and a 1-year high of $6.98. The company has a market cap of $920.75 million, a P/E ratio of -56.50 and a beta of 1.38.

Riskified (NYSE:RSKD) last posted 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 firm had revenue of $98.69 million during 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 will post -0.03 EPS for the current year.

Riskified Company Profile

Riskified Ltd. is a technology company that provides fraud and risk-management solutions for e-commerce businesses. Its platform uses data analytics, machine learning and network insights to help merchants distinguish legitimate customers from fraudulent transactions, reduce payment-related losses and improve the online shopping experience.

The company’s product offerings include solutions designed to protect merchants from chargebacks, identify and prevent policy abuse, secure customer accounts and support payment approval decisions.