Riskified Ltd. (NYSE:RSKD) Receives Consensus Rating of “Hold” from Analysts

Riskified Ltd. (NYSE:RSKD) has been given an average recommendation of “Hold” by the eight research firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $5.8929.

Several brokerages have recently weighed in on RSKD. 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 upped their price target on shares of Riskified from $5.00 to $5.50 and gave the company a “neutral” rating in a report on Thursday, November 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Riskified in a research report on Monday, December 29th. DA Davidson reissued a “buy” rating and issued a $6.00 price objective on shares of Riskified in a research note on Thursday, November 13th. Finally, Wall Street Zen upgraded Riskified from a “hold” rating to a “buy” rating in a research report on Sunday, November 16th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Clearline Capital LP lifted its position in Riskified by 23.8% during the third quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock valued at $14,536,000 after purchasing an additional 597,765 shares during the period. Harvey Partners LLC lifted its holdings in shares of 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 buying an additional 523,855 shares during the period. TFJ Management LLC boosted its stake in shares of Riskified by 31.7% in the third quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock worth $6,524,000 after buying an additional 335,399 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Riskified in the second quarter worth about $1,453,000. Finally, Jennison Associates LLC grew its holdings in Riskified by 3.3% during the second quarter. Jennison Associates LLC now owns 5,886,511 shares of the company’s stock worth $29,374,000 after acquiring an additional 189,188 shares during the period. 58.98% of the stock is currently owned by hedge funds and other institutional investors.

Riskified Price Performance

Shares of RSKD opened at $4.31 on Tuesday. Riskified has a 1 year low of $3.94 and a 1 year high of $5.99. The stock has a 50 day simple moving average of $4.81 and a two-hundred day simple moving average of $4.81. The firm has a market cap of $694.01 million, a P/E ratio of -18.72 and a beta of 1.34.

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

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.