Riskified (NYSE:RSKD) Stock Rating Upgraded by Wall Street Zen

Riskified (NYSE:RSKD) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

RSKD has been the topic of several other reports. Truist Financial reduced their price target on Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Riskified in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $5.96.

Riskified Stock Up 1.3%

NYSE RSKD opened at $4.18 on Friday. Riskified has a twelve month low of $3.94 and a twelve month high of $5.68. The company has a market cap of $618.53 million, a price-to-earnings ratio of -24.56 and a beta of 1.33. The business’s fifty day moving average is $4.52 and its 200 day moving average is $4.69.

Riskified (NYSE:RSKD) last issued its earnings results on Wednesday, March 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $99.33 million during the quarter, compared to analysts’ expectations 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 anticipate that Riskified will post -0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Riskified

A number of institutional investors have recently made changes to their positions in RSKD. Clearline Capital LP raised its position in shares of Riskified by 23.8% during the third quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock worth $14,536,000 after acquiring an additional 597,765 shares during the last quarter. Harvey Partners LLC boosted its holdings in Riskified by 20.4% in the third quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock valued at $14,475,000 after acquiring an additional 523,855 shares during the last quarter. Nuveen LLC boosted its holdings in Riskified by 3.3% in the fourth quarter. Nuveen LLC now owns 1,476,002 shares of the company’s stock valued at $7,336,000 after acquiring an additional 47,464 shares during the last quarter. Monimus Capital Management LP increased its position in Riskified by 13.2% during the 4th quarter. Monimus Capital Management LP now owns 1,404,744 shares of the company’s stock valued at $6,982,000 after purchasing an additional 164,302 shares during the period. Finally, TFJ Management LLC increased its position in Riskified by 31.7% during the 3rd quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock valued at $6,524,000 after purchasing an additional 335,399 shares during the period. Institutional investors own 58.98% of the company’s stock.

Riskified Company Profile

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.