Wall Street Zen Upgrades Riskified (NYSE:RSKD) to Buy

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

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

Riskified Price Performance

NYSE RSKD opened at $4.25 on Friday. The firm has a market capitalization of $628.90 million, a price-to-earnings ratio of -24.97 and a beta of 1.32. The company has a 50 day simple moving average of $4.50 and a 200-day simple moving average of $4.69. Riskified has a 52-week low of $3.94 and a 52-week high of $5.68.

Riskified (NYSE:RSKD) last released its quarterly earnings data 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. Riskified had a negative net margin of 8.00% and a negative return on equity of 5.63%. The firm had revenue of $99.33 million for the quarter, compared to analyst estimates of $97.21 million. On average, analysts predict that Riskified will post -0.15 EPS for the current year.

Institutional Investors Weigh In On Riskified

A number of institutional investors have recently bought and sold shares of the business. Clearline Capital LP grew its stake in shares of Riskified by 23.8% in the 3rd 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 increased its stake in shares of 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 buying an additional 523,855 shares in the last quarter. Nuveen LLC increased its position in Riskified by 3.3% in the 4th 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 in the last quarter. Monimus Capital Management LP increased its holdings in shares of 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 in the last quarter. Finally, TFJ Management LLC lifted its holdings in Riskified by 31.7% during the 3rd 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 in the last quarter. Institutional investors and hedge funds 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.