Riskified’s (RSKD) Buy Rating Reiterated at DA Davidson

DA Davidson reiterated their buy rating on shares of Riskified (NYSE:RSKD) in a research note released on Monday,Benzinga reports. The brokerage currently has a $7.50 target price on the stock.

RSKD has been the topic of several other reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Riskified in a research note on Friday, August 14th. The Goldman Sachs Group upped their price objective on shares of Riskified from $4.75 to $5.50 and gave the company a “sell” rating in a research note on Wednesday, August 12th. Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Keefe, Bruyette & Woods lifted their target price on Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research report on Thursday, August 13th. Finally, UBS Group boosted their target price on Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a report on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $6.50.

Riskified Stock Up 1.0%

Shares of Riskified stock opened at $6.00 on Monday. Riskified has a 52 week low of $3.70 and a 52 week high of $6.61. The firm’s 50 day moving average is $5.36 and its two-hundred day moving average is $4.80. The firm has a market capitalization of $888.90 million, a P/E ratio of -54.55 and a beta of 1.38.

Riskified (NYSE:RSKD) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%. The business had revenue of $98.69 million during the quarter, compared to the consensus estimate of $89.18 million. As a group, research analysts expect that Riskified will post -0.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Erez Shachar sold 435,900 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $5.02, for a total transaction of $2,188,218.00. Following the transaction, the director owned 2,193,976 shares of the company’s stock, valued at $11,013,759.52. This trade represents a 16.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Assaf Feldman sold 450,000 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $6.01, for a total value of $2,704,500.00. Following the completion of the transaction, the insider owned 1,417,371 shares in the company, valued at $8,518,399.71. This trade represents a 24.10% decrease in their position. 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 a total of 5,602,298 shares of company stock valued at $29,748,095 over the last quarter. 17.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Nuveen LLC lifted 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 purchasing an additional 47,464 shares during the period. Monimus Capital Management LP increased its stake in Riskified by 13.2% in the 4th quarter. Monimus Capital Management LP now owns 1,404,744 shares of the company’s stock valued at $6,982,000 after buying an additional 164,302 shares during the period. Renaissance Technologies LLC increased its stake in Riskified by 1.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock valued at $5,327,000 after buying an additional 22,100 shares during the period. State Street Corp increased its stake in Riskified by 11.9% in the 4th quarter. State Street Corp now owns 866,456 shares of the company’s stock valued at $4,306,000 after buying an additional 92,019 shares during the period. Finally, Millennium Management LLC raised its position in Riskified by 335.3% during the 4th 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 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.