Riskified Ltd. (NYSE:RSKD) Given Consensus Rating of “Hold” by Analysts

Shares of Riskified Ltd. (NYSE:RSKD) have been assigned a consensus rating of “Hold” from the seven brokerages that are covering the company, Marketbeat.com reports. One research 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 twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $5.9583.

RSKD has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Truist Financial decreased their target price on shares of Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, March 5th.

Riskified Price Performance

Shares of RSKD opened at $4.94 on Monday. Riskified has a one year low of $3.70 and a one year high of $5.68. The company has a 50-day moving average of $4.60 and a two-hundred day moving average of $4.59. The stock has a market cap of $731.12 million, a price-to-earnings ratio of -44.86 and a beta of 1.40.

Riskified (NYSE:RSKD) last announced its earnings results on Thursday, May 14th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%. The company had revenue of $88.27 million during the quarter, compared to analysts’ expectations of $87.72 million. Analysts anticipate that Riskified will post -0.01 earnings per share for the current year.

Insider Activity at Riskified

In related news, CTO Assaf Feldman sold 32,590 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $4.68, for a total transaction of $152,521.20. Following the completion of the sale, the chief technology officer directly owned 2,163,125 shares in the company, valued at approximately $10,123,425. This trade represents a 1.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Erez Shachar sold 81,762 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $4.87, for a total transaction of $398,180.94. Following the sale, the director owned 4,696,049 shares of the company’s stock, valued at approximately $22,869,758.63. This represents a 1.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 682,514 shares of company stock valued at $3,320,050. 17.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Riskified

Institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in shares of Riskified during the second quarter worth approximately $36,000. Man Group plc acquired a new stake in shares of Riskified during the fourth quarter worth approximately $50,000. Virtu Financial LLC acquired a new stake in shares of Riskified during the third quarter worth approximately $51,000. Invesco Ltd. acquired a new stake in shares of Riskified during the first quarter worth approximately $51,000. Finally, T3 Companies LLC acquired a new stake in shares of Riskified during the fourth quarter worth approximately $54,000. 58.98% of the stock is currently owned by institutional investors and hedge funds.

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.