Riskified Ltd. (NYSE:RSKD) Receives $5.66 Consensus PT from Brokerages

Shares of Riskified Ltd. (NYSE:RSKD) have been given an average recommendation of “Hold” by the eight brokerages that are currently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $5.66.

Several brokerages have commented on RSKD. DA Davidson reaffirmed a “neutral” rating and set a $5.00 target price on shares of Riskified in a report on Wednesday, March 6th. Keefe, Bruyette & Woods started coverage on Riskified in a report on Tuesday, April 9th. They set a “market perform” rating and a $5.75 target price on the stock. The Goldman Sachs Group boosted their price objective on Riskified from $4.50 to $5.00 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. Finally, Piper Sandler reissued an “overweight” rating and issued a $7.00 price objective on shares of Riskified in a research note on Friday, April 12th.

Institutional Investors Weigh In On Riskified

Several institutional investors have recently made changes to their positions in RSKD. Rubric Capital Management LP lifted its holdings in shares of Riskified by 159.2% during the 4th quarter. Rubric Capital Management LP now owns 4,173,636 shares of the company’s stock worth $19,533,000 after acquiring an additional 2,563,384 shares during the last quarter. Jennison Associates LLC bought a new stake in shares of Riskified during the 3rd quarter worth $7,805,000. Formation8 GP LLC bought a new stake in shares of Riskified during the 4th quarter worth $7,949,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Riskified by 78.6% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,826,923 shares of the company’s stock worth $16,390,000 after acquiring an additional 1,684,202 shares during the last quarter. Finally, Invenomic Capital Management LP bought a new stake in shares of Riskified during the 4th quarter worth $2,753,000. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Riskified Price Performance

Riskified stock opened at $5.18 on Wednesday. The stock’s fifty day moving average price is $5.05 and its two-hundred day moving average price is $4.53. Riskified has a one year low of $3.48 and a one year high of $5.64. The firm has a market cap of $923.44 million, a PE ratio of -15.23 and a beta of 1.34.

Riskified (NYSE:RSKD) last issued its quarterly earnings results on Tuesday, March 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. Riskified had a negative return on equity of 11.04% and a negative net margin of 19.84%. The company had revenue of $84.07 million for the quarter, compared to analyst estimates of $83.87 million. Sell-side analysts expect that Riskified will post -0.18 earnings per share for the current fiscal year.

Riskified Company Profile

Riskified Ltd., together with its subsidiaries, develops and offers an e-commerce risk management platform that allows online merchants to create trusted relationships with consumers in the United States, Europe, the Middle East, Africa, the Asia-Pacific, and the Americas. It offers Chargeback Guarantee that ensures the legitimacy of merchants' online orders; Policy Protect, a machine learning solution designed to detect and prevent refund and returns policy abuse in real-time; Account Secure, a solution that cross-checks every login attempt; Dispute Resolve, which is used to compile submissions for fraud and non-fraud related chargeback issues; and PSD2 Optimize that helps merchants avoid bank authorization failures and abandoned shopping carts.