Riskified Ltd. (NYSE:RSKD) Receives Average Rating of “Hold” from Brokerages

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

A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods assumed coverage on Riskified in a report on Tuesday, April 9th. They issued a “market perform” rating and a $5.75 price objective for the company. The Goldman Sachs Group increased their price target on shares of Riskified from $4.50 to $5.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. Piper Sandler restated an “overweight” rating and issued a $7.00 price objective on shares of Riskified in a report on Friday, April 12th. Finally, DA Davidson restated a “neutral” rating and set a $5.00 price target on shares of Riskified in a report on Wednesday, March 6th.

Riskified Price Performance

RSKD stock opened at $5.08 on Wednesday. Riskified has a 1 year low of $3.48 and a 1 year high of $5.64. The firm has a 50-day moving average of $5.02 and a 200 day moving average of $4.52. The company has a market cap of $905.61 million, a P/E ratio of -14.94 and a beta of 1.34.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RSKD. Sirios Capital Management L P raised its stake in Riskified by 52.0% during the 4th quarter. Sirios Capital Management L P now owns 290,246 shares of the company’s stock valued at $1,358,000 after purchasing an additional 99,260 shares during the period. Invenomic Capital Management LP bought a new stake in shares of Riskified during the fourth quarter valued at approximately $2,753,000. Rubric Capital Management LP lifted its holdings in shares of Riskified by 159.2% in the fourth quarter. Rubric Capital Management LP now owns 4,173,636 shares of the company’s stock worth $19,533,000 after buying an additional 2,563,384 shares in the last quarter. Capital World Investors boosted its position in shares of Riskified by 6.3% during the fourth quarter. Capital World Investors now owns 9,774,367 shares of the company’s stock worth $45,744,000 after acquiring an additional 580,000 shares during the last quarter. Finally, Formation8 GP LLC bought a new position in shares of Riskified during the fourth quarter worth $7,949,000. Institutional investors own 58.98% of the company’s stock.

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.