Riskified Ltd. (NYSE:RSKD) Stock Has Average Price Target of $6.83

Riskified Ltd. (NYSE:RSKD) has been given an average recommendation of “Reduce” by the eight analysts that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $7.17.

RSKD has been the subject of a number of analyst reports. UBS Group raised their price objective on Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a research report on Thursday, August 13th. Keefe, Bruyette & Woods lifted their price objective on Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a research note on Thursday, August 13th. DA Davidson reissued a “buy” rating and issued a $7.50 target price on shares of Riskified in a report on Monday, August 24th. The Goldman Sachs Group boosted their target price on Riskified from $5.50 to $7.50 and gave the stock a “sell” rating in a report on Tuesday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Riskified in a research note on Friday, August 14th.

Insider Buying and Selling

In other news, insider Assaf Feldman sold 450,000 shares of Riskified stock in a transaction dated Wednesday, August 12th. The stock was 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 of the company’s stock, valued at $8,518,399.71. The trade was a 24.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eido Gal sold 150,000 shares of the company’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $6.48, for a total transaction of $972,000.00. Following the completion of the transaction, the chief executive officer owned 5,302,917 shares in the company, valued at approximately $34,362,902.16. The trade was a 2.75% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 2,923,305 shares of company stock valued at $18,147,122 over the last ninety days. Insiders own 17.40% of the company’s stock.

Institutional Trading of Riskified

Institutional investors and hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new position in shares of Riskified in the second quarter worth approximately $1,505,000. Tidal Investments LLC grew its holdings in shares of Riskified by 142.3% during the second quarter. Tidal Investments LLC now owns 214,731 shares of the company’s stock valued at $1,082,000 after buying an additional 126,121 shares during the last quarter. Sei Investments Co. increased its position in shares of Riskified by 87.4% during the first quarter. Sei Investments Co. now owns 356,173 shares of the company’s stock valued at $1,396,000 after acquiring an additional 166,099 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Riskified by 1.7% during the first quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock valued at $5,327,000 after acquiring an additional 22,100 shares in the last quarter. Finally, State of Wyoming increased its position in shares of Riskified by 16.4% during the first quarter. State of Wyoming now owns 107,785 shares of the company’s stock valued at $423,000 after acquiring an additional 15,195 shares in the last quarter. 58.98% of the stock is currently owned by institutional investors.

Riskified Stock Performance

Shares of RSKD opened at $8.63 on Friday. The stock has a market cap of $1.28 billion, a PE ratio of -78.47 and a beta of 1.25. Riskified has a fifty-two week low of $3.70 and a fifty-two week high of $8.78. The firm’s 50-day simple moving average is $6.80 and its two-hundred day simple moving average is $5.50.

Riskified (NYSE:RSKD) last announced its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates 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. Equities research analysts predict that Riskified will post -0.03 EPS for the current year.

About Riskified

Riskified Ltd. is a technology company that provides fraud and risk-management solutions for e-commerce merchants. Its platform uses data analytics, machine learning and behavioral insights to help online businesses distinguish legitimate customers from fraudulent activity while reducing friction during the purchasing process.

The company’s products are designed to address risks across the digital commerce lifecycle, including payment fraud, chargebacks, account takeover, policy abuse and other forms of customer or transaction abuse.