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

Shares of Riskified Ltd. (NYSE:RSKD) have been given an average rating of “Hold” by the seven brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $5.9583.

A number of equities analysts have recently commented on RSKD shares. Truist Financial cut their price objective 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 report on Monday, December 29th. Finally, Wall Street Zen raised shares of Riskified from a “hold” rating to a “buy” rating in a research report on Sunday, March 15th.

Institutional Investors Weigh In On Riskified

Several large investors have recently made changes to their positions in the business. Clearline Capital LP lifted its holdings in shares of Riskified by 23.8% during the 3rd quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock valued at $14,536,000 after acquiring an additional 597,765 shares in the last quarter. Harvey Partners LLC increased its holdings in Riskified by 20.4% in the 3rd quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock valued at $14,475,000 after purchasing an additional 523,855 shares in the last quarter. Nuveen LLC raised its position 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 purchasing an additional 47,464 shares during the period. Monimus Capital Management LP raised its position in Riskified by 13.2% in the fourth 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 lifted its stake in shares of Riskified by 31.7% during the third quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock worth $6,524,000 after purchasing an additional 335,399 shares in the last quarter. Institutional investors and hedge funds own 58.98% of the company’s stock.

Riskified Stock Down 3.7%

Shares of NYSE RSKD opened at $4.04 on Wednesday. Riskified has a 52-week low of $3.94 and a 52-week high of $5.68. The firm has a fifty day moving average of $4.42 and a 200-day moving average of $4.67. The stock has a market capitalization of $597.79 million, a PE ratio of -23.73 and a beta of 1.33.

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

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.