Riskified (NYSE:RSKD) Hits New 1-Year High – Should You Buy?

Shares of Riskified Ltd. (NYSE:RSKD) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $5.48 and last traded at $5.4750, with a volume of 66365 shares traded. The stock had previously closed at $5.38.

Analysts Set New Price Targets

A number of analysts have weighed in on RSKD shares. Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Keefe, Bruyette & Woods increased their price target on Riskified from $5.25 to $5.50 and gave the company a “market perform” rating in a research note on Monday, July 13th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $6.00.

Riskified Price Performance

The company has a fifty day moving average price of $5.00 and a two-hundred day moving average price of $4.62. The company has a market capitalization of $803.71 million, a P/E ratio of -49.31 and a beta of 1.38.

Riskified (NYSE:RSKD) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $88.27 million during the quarter, compared to analyst estimates of $87.72 million. As a group, sell-side analysts forecast that Riskified Ltd. will post -0.01 earnings per share for the current year.

Insider Buying and Selling at Riskified

In related news, CTO Assaf Feldman sold 230,512 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $5.02, for a total value of $1,157,170.24. Following the sale, the chief technology officer owned 1,932,613 shares of the company’s stock, valued at $9,701,717.26. The trade was a 10.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Erez Shachar sold 435,900 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $5.02, for a total value of $2,188,218.00. Following the completion of the sale, the director owned 2,193,976 shares of the company’s stock, valued at $11,013,759.52. The trade was a 16.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 4,304,658 shares of company stock valued at $21,568,208 in the last ninety days. Insiders own 17.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in shares of Riskified in the 2nd quarter valued at about $36,000. Man Group plc bought a new position in shares of Riskified during the fourth quarter worth about $50,000. Virtu Financial LLC bought a new position in shares of Riskified during the third quarter worth about $51,000. Invesco Ltd. bought a new position in shares of Riskified during the first quarter worth about $51,000. Finally, T3 Companies LLC acquired a new position in shares of Riskified in the fourth quarter worth approximately $54,000. 58.98% of the stock is owned by institutional investors and hedge funds.

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.