Riskified (NYSE:RSKD) Rating Lowered to “Hold” at Wall Street Zen

Riskified (NYSE:RSKD) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

RSKD has been the topic of several other research reports. JPMorgan Chase & Co. raised shares of Riskified from an “underweight” rating to a “neutral” rating and set a $6.00 target price on the stock in a research note on Friday, November 14th. UBS Group raised their price target on shares of Riskified from $5.00 to $5.50 and gave the stock a “neutral” rating in a research note on Thursday, November 13th. DA Davidson restated a “buy” rating and set a $6.00 price target on shares of Riskified in a research report on Thursday, November 13th. Truist Financial dropped their price objective on shares of Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Riskified in a report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $5.96.

Riskified Trading Up 0.3%

NYSE:RSKD opened at $4.48 on Friday. The stock has a 50 day moving average of $4.58 and a two-hundred day moving average of $4.70. Riskified has a 12 month low of $3.94 and a 12 month high of $5.68. The firm has a market cap of $722.70 million, a P/E ratio of -26.37 and a beta of 1.32.

Riskified (NYSE:RSKD) last released its earnings results on Wednesday, March 4th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. The business had revenue of $99.33 million for the quarter, compared to the consensus estimate of $97.21 million. Riskified had a negative return on equity of 5.63% and a negative net margin of 8.00%. On average, research analysts forecast that Riskified will post -0.15 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of Riskified in the second quarter valued at about $36,000. Man Group plc purchased a new position in Riskified during the fourth quarter worth about $50,000. T3 Companies LLC purchased a new position in Riskified during the fourth quarter worth about $54,000. Orion Porfolio Solutions LLC acquired a new position in Riskified in the 2nd quarter valued at about $54,000. Finally, Virtu Financial LLC acquired a new position in Riskified in the 3rd quarter valued at about $51,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

About Riskified

Riskified is a technology company specializing in e-commerce fraud prevention and revenue optimization for online merchants. Its platform combines machine learning, behavioral analytics and proprietary risk models to assess the legitimacy of transactions in real time. By offering a chargeback guarantee, Riskified assumes the financial liability for approved orders that later turn out to be fraudulent, allowing retailers to focus on growth rather than dispute management.

The company’s core product suite addresses various aspects of the online shopping lifecycle, including order approval, account takeover protection and policy compliance.