Riskified Ltd. (NYSE:RSKD) Given Consensus Rating of “Hold” by Analysts

Riskified Ltd. (NYSE:RSKD) has earned a consensus rating of “Hold” from the seven ratings firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $5.8214.

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods dropped their price objective on shares of Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a research note on Tuesday, August 19th. UBS Group cut their price objective on shares of Riskified from $5.75 to $5.00 and set a “neutral” rating for the company in a report on Tuesday, August 19th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Riskified in a research note on Wednesday, August 20th. Piper Sandler dropped their target price on Riskified from $7.00 to $6.00 and set an “overweight” rating on the stock in a research report on Monday, August 18th. Finally, DA Davidson reduced their price target on Riskified from $6.50 to $6.00 and set a “buy” rating for the company in a report on Tuesday, August 19th.

Riskified Stock Up 1.2%

Shares of NYSE:RSKD opened at $4.63 on Friday. The company has a market capitalization of $745.60 million, a price-to-earnings ratio of -19.27 and a beta of 1.36. The firm has a 50 day moving average of $5.01 and a 200 day moving average of $4.87. Riskified has a 52 week low of $3.94 and a 52 week high of $5.99.

Riskified (NYSE:RSKD) last posted its quarterly earnings data on Monday, August 18th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). The business had revenue of $81.06 million during the quarter, compared to analyst estimates of $80.17 million. Riskified had a negative return on equity of 8.27% and a negative net margin of 11.70%.The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 EPS. Riskified has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Riskified will post -0.15 EPS for the current year.

Hedge Funds Weigh In On Riskified

Several hedge funds and other institutional investors have recently modified their holdings of RSKD. California State Teachers Retirement System raised its stake in Riskified by 5.5% during the second quarter. California State Teachers Retirement System now owns 93,086 shares of the company’s stock worth $464,000 after purchasing an additional 4,826 shares during the period. Y.D. More Investments Ltd raised its position in shares of Riskified by 20.4% during the 2nd quarter. Y.D. More Investments Ltd now owns 39,789 shares of the company’s stock valued at $198,000 after buying an additional 6,743 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Riskified during the 2nd quarter valued at approximately $36,000. Lazard Asset Management LLC acquired a new position in Riskified in the fourth quarter valued at approximately $38,000. Finally, Group One Trading LLC grew its position in Riskified by 4,503.5% in the fourth quarter. Group One Trading LLC now owns 8,719 shares of the company’s stock worth $41,000 after acquiring an additional 8,917 shares during the period. 58.98% of the stock is owned by hedge funds and other institutional investors.

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.