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

Riskified Ltd. (NYSE:RSKD) has earned a consensus rating of “Hold” from the eight analysts that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $5.8929.

Several equities research analysts have issued reports on RSKD shares. UBS Group raised their price objective on shares of Riskified from $5.00 to $5.50 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Riskified in a research note on Monday, December 8th. Piper Sandler reduced their price target on Riskified from $7.00 to $6.00 and set an “overweight” rating for the company in a research note on Monday, August 18th. Keefe, Bruyette & Woods decreased their price objective on Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a report on Tuesday, August 19th. Finally, JPMorgan Chase & Co. raised Riskified from an “underweight” rating to a “neutral” rating and set a $6.00 target price for the company in a report on Friday, November 14th.

Riskified Stock Down 1.3%

Shares of RSKD opened at $4.93 on Monday. Riskified has a twelve month low of $3.94 and a twelve month high of $5.99. The stock has a market capitalization of $793.96 million, a P/E ratio of -21.41 and a beta of 1.35. The company has a 50 day moving average of $4.79 and a 200-day moving average of $4.88.

Riskified (NYSE:RSKD) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Riskified had a negative net margin of 11.04% and a negative return on equity of 8.12%. The company had revenue of $81.86 million during the quarter, compared to the consensus estimate of $80.25 million. During the same period in the prior year, the business posted $0.03 EPS. The company’s quarterly revenue was up 3.9% on a year-over-year basis. On average, sell-side analysts anticipate that Riskified will post -0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Riskified

Hedge funds have recently bought and sold shares of the company. ARK Investment Management LLC grew its position in Riskified by 1.2% during the 3rd quarter. ARK Investment Management LLC now owns 368,310 shares of the company’s stock worth $1,724,000 after acquiring an additional 4,248 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Riskified by 5.5% during the second quarter. California State Teachers Retirement System now owns 93,086 shares of the company’s stock valued at $464,000 after purchasing an additional 4,826 shares in the last quarter. Y.D. More Investments Ltd grew its holdings in shares of Riskified by 20.4% during the second quarter. Y.D. More Investments Ltd now owns 39,789 shares of the company’s stock worth $198,000 after purchasing an additional 6,743 shares during the last quarter. Newport Capital Group LLC increased its stake in shares of Riskified by 22.1% in the third quarter. Newport Capital Group LLC now owns 38,456 shares of the company’s stock valued at $180,000 after buying an additional 6,956 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Riskified in the second quarter valued at approximately $36,000. 58.98% of the stock is owned by institutional investors.

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.