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

Shares of Riskified Ltd. (NYSE:RSKD) have earned an average recommendation of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $6.03.

A number of brokerages have weighed in on RSKD. DA Davidson boosted their price objective on Riskified from $6.00 to $6.50 and gave the company a “buy” rating in a research note on Thursday, May 15th. UBS Group increased their price objective on Riskified from $5.50 to $5.75 and gave the company a “neutral” rating in a research note on Thursday, May 15th. Keefe, Bruyette & Woods raised their price target on Riskified from $5.25 to $5.50 and gave the stock a “market perform” rating in a research note on Thursday, May 15th. Finally, Truist Financial raised their target price on Riskified from $7.00 to $8.00 and gave the company a “buy” rating in a report on Thursday, May 15th.

Riskified Stock Performance

Shares of RSKD stock opened at $5.28 on Friday. The stock’s fifty day moving average is $5.03 and its two-hundred day moving average is $4.92. The firm has a market capitalization of $850.38 million, a P/E ratio of -23.98 and a beta of 1.36. Riskified has a fifty-two week low of $3.94 and a fifty-two week high of $6.49.

Riskified (NYSE:RSKD) last released its earnings results on Wednesday, May 14th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. Riskified had a negative return on equity of 7.42% and a negative net margin of 11.15%. The company had revenue of $82.39 million during the quarter, compared to the consensus estimate of $79.23 million. During the same period in the previous year, the company posted $0.04 EPS. Riskified’s revenue was up 7.9% compared to the same quarter last year. On average, equities analysts forecast that Riskified will post -0.15 earnings per share for the current year.

Hedge Funds Weigh In On Riskified

Several large investors have recently made changes to their positions in RSKD. Lazard Asset Management LLC acquired a new stake in Riskified during the 4th quarter worth approximately $38,000. Group One Trading LLC lifted its stake in shares of Riskified by 4,503.5% in the 4th quarter. Group One Trading LLC now owns 8,719 shares of the company’s stock valued at $41,000 after purchasing an additional 8,917 shares during the period. Two Sigma Investments LP lifted its stake in shares of Riskified by 61.5% in the 4th quarter. Two Sigma Investments LP now owns 25,490 shares of the company’s stock valued at $121,000 after purchasing an additional 9,711 shares during the period. Invesco Ltd. acquired a new position in Riskified during the 1st quarter worth approximately $51,000. Finally, Bayesian Capital Management LP purchased a new stake in shares of Riskified during the fourth quarter valued at approximately $56,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

About Riskified

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.