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

Riskified Ltd. (NYSE:RSKD) has been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $5.9583.

A number of equities analysts have recently weighed in on RSKD shares. Wall Street Zen upgraded Riskified from a “hold” rating to a “buy” rating in a report on Sunday, March 15th. Truist Financial lowered their target price 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

NYSE RSKD opened at $4.78 on Thursday. The business has a fifty day moving average price of $4.34 and a 200 day moving average price of $4.58. The company has a market cap of $707.42 million, a P/E ratio of -43.41 and a beta of 1.39. Riskified has a one year low of $3.70 and a one year high of $5.68.

Riskified (NYSE:RSKD) last issued its earnings results on Wednesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. The company had revenue of $88.27 million during the quarter, compared to analysts’ expectations of $87.72 million. Riskified had a negative return on equity of 3.91% and a negative net margin of 5.17%.

Insider Activity

In related news, CTO Assaf Feldman sold 32,590 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $4.68, for a total transaction of $152,521.20. Following the transaction, the chief technology officer owned 2,163,125 shares of the company’s stock, valued at $10,123,425. This represents a 1.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 17.40% of the company’s stock.

Institutional Trading of Riskified

Several institutional investors and hedge funds have recently made changes to their positions in RSKD. Millennium Management LLC lifted its position in Riskified by 335.3% during the fourth quarter. Millennium Management LLC now owns 795,441 shares of the company’s stock worth $3,953,000 after buying an additional 612,719 shares during the period. Clearline Capital LP boosted its holdings in Riskified by 23.8% in the third 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 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. Anson Funds Management LP boosted its holdings in Riskified by 136.0% in the fourth quarter. Anson Funds Management LP now owns 633,746 shares of the company’s stock valued at $3,150,000 after acquiring an additional 365,254 shares during the last quarter. Finally, TFJ Management LLC increased its stake in 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 acquiring an additional 335,399 shares during the last quarter. 58.98% of the stock is currently owned by hedge funds and other institutional investors.

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.