Brokerages Set Riskified Ltd. (NYSE:RSKD) Target Price at $5.96

Riskified Ltd. (NYSE:RSKD) has received an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $5.9583.

Several research analysts have recently commented on RSKD shares. Wall Street Zen upgraded Riskified from a “hold” rating to a “buy” rating in a research note on Sunday, March 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Riskified in a research note on Monday, December 29th. Finally, Truist Financial cut 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.

Riskified Stock Performance

Shares of RSKD stock opened at $3.93 on Wednesday. Riskified has a 52-week low of $3.70 and a 52-week high of $5.68. The stock has a market cap of $581.49 million, a price-to-earnings ratio of -23.09 and a beta of 1.33. The firm’s 50-day moving average is $4.35 and its 200-day moving average is $4.64.

Riskified (NYSE:RSKD) last posted its quarterly earnings results on Wednesday, March 4th. The company reported $0.12 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%. Sell-side analysts predict that Riskified will post -0.15 EPS for the current fiscal year.

Institutional Trading of Riskified

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Clearline Capital LP grew its stake in 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 buying an additional 597,765 shares during the last quarter. Harvey Partners LLC lifted its position in Riskified by 20.4% during the third quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock worth $14,475,000 after acquiring an additional 523,855 shares during the last quarter. Nuveen LLC boosted its holdings in shares of Riskified by 3.3% during the fourth quarter. Nuveen LLC now owns 1,476,002 shares of the company’s stock worth $7,336,000 after acquiring an additional 47,464 shares during the period. Monimus Capital Management LP boosted its holdings in shares of Riskified by 13.2% during the fourth quarter. Monimus Capital Management LP now owns 1,404,744 shares of the company’s stock worth $6,982,000 after acquiring an additional 164,302 shares during the period. Finally, TFJ Management LLC grew its position 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 valued at $6,524,000 after purchasing an additional 335,399 shares during the last quarter. Institutional investors 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.