Riskified Ltd. (NYSE:RSKD) Receives Average Recommendation of “Moderate Buy” from Brokerages

Riskified Ltd. (NYSE:RSKD – Get Rating) has been given an average recommendation of “Moderate Buy” by the six research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $6.70.

Several equities research analysts have recently weighed in on RSKD shares. The Goldman Sachs Group upped their target price on shares of Riskified from $5.00 to $5.50 and gave the stock a “neutral” rating in a report on Thursday, April 13th. Piper Sandler raised shares of Riskified from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $6.00 to $8.00 in a report on Friday, March 10th. Credit Suisse Group lowered their target price on shares of Riskified from $9.00 to $8.00 and set an “outperform” rating on the stock in a report on Friday, February 24th. Finally, TheStreet lowered shares of Riskified from a “c-” rating to a “d” rating in a report on Thursday, March 2nd.

Hedge Funds Weigh In On Riskified

Several hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. acquired a new stake in shares of Riskified in the 1st quarter valued at approximately $109,000. Swiss National Bank lifted its holdings in Riskified by 24.1% during the 1st quarter. Swiss National Bank now owns 53,000 shares of the company’s stock valued at $320,000 after purchasing an additional 10,300 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Riskified during the 1st quarter valued at $9,587,000. BlackRock Inc. lifted its holdings in Riskified by 15.2% during the 1st quarter. BlackRock Inc. now owns 371,296 shares of the company’s stock valued at $2,244,000 after purchasing an additional 49,124 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in Riskified during the 1st quarter valued at $2,325,000. 25.84% of the stock is owned by institutional investors.

Riskified Trading Down 0.6 %

Shares of RSKD stock opened at $4.69 on Wednesday. Riskified has a 1 year low of $3.43 and a 1 year high of $6.73. The firm’s fifty day simple moving average is $5.29 and its 200 day simple moving average is $5.21. The firm has a market capitalization of $768.97 million, a P/E ratio of -7.56 and a beta of 1.25.

Riskified (NYSE:RSKD – Get Rating) last announced its quarterly earnings results on Thursday, February 23rd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.08. The firm had revenue of $79.30 million for the quarter, compared to analyst estimates of $76.72 million. Riskified had a negative net margin of 39.81% and a negative return on equity of 19.83%. Equities research analysts anticipate that Riskified will post -0.5 EPS for the current fiscal year.

Riskified Company Profile

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Riskified Ltd. operates an e-commerce risk management platform that allows online merchants to create trusted relationships with their consumers in the United States, Europe, the Middle East, Africa, and internationally. It offers Chargeback Guarantee that approves or denies online orders; Policy Protect and Account Secure, which identifies and blocks consumers that may be taking advantage of the merchant's terms and conditions or that may be trying to gain unauthorized access to another consumer's account; Deco and PSD2, a optimize products that help merchants to avoid bank authorization failures and abandoned shopping carts resulting from the secure customer authentication process.