Riskified Ltd. (NYSE:RSKD) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Riskified Ltd. (NYSE:RSKD) have earned an average rating of “Hold” from the eight brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $6.03.

RSKD has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Riskified from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. UBS Group reduced their price objective on Riskified from $6.00 to $4.75 and set a “neutral” rating for the company in a research note on Thursday, August 15th. DA Davidson raised Riskified to a “hold” rating in a research report on Wednesday, September 11th. Piper Sandler lowered their price objective on shares of Riskified from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Thursday, August 15th. Finally, Barclays reduced their price objective on shares of Riskified from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Friday, August 16th.

Riskified Trading Up 0.2 %

Shares of RSKD stock opened at $4.77 on Friday. Riskified has a fifty-two week low of $3.48 and a fifty-two week high of $6.64. The stock has a 50 day simple moving average of $5.22 and a two-hundred day simple moving average of $5.55.

Riskified (NYSE:RSKD) last released its earnings results on Wednesday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The company had revenue of $78.73 million for the quarter, compared to the consensus estimate of $78.33 million. Riskified had a negative net margin of 14.57% and a negative return on equity of 8.33%. On average, analysts forecast that Riskified will post -0.17 earnings per share for the current year.

Institutional Trading of Riskified

A number of large investors have recently added to or reduced their stakes in RSKD. Algert Global LLC lifted its stake in Riskified by 7.1% in the second quarter. Algert Global LLC now owns 43,324 shares of the company’s stock valued at $277,000 after purchasing an additional 2,854 shares during the last quarter. Clearline Capital LP increased its holdings in Riskified by 19.4% in the 2nd quarter. Clearline Capital LP now owns 1,680,228 shares of the company’s stock worth $10,737,000 after acquiring an additional 272,760 shares during the last quarter. Susquehanna Fundamental Investments LLC increased its holdings in Riskified by 18.2% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 75,058 shares of the company’s stock worth $480,000 after acquiring an additional 11,574 shares during the last quarter. Squarepoint Ops LLC bought a new stake in Riskified in the 2nd quarter valued at about $163,000. Finally, Sei Investments Co. lifted its holdings in Riskified by 110.8% during the second quarter. Sei Investments Co. now owns 34,991 shares of the company’s stock valued at $224,000 after purchasing an additional 18,392 shares during the last quarter. Hedge funds and other institutional investors own 58.98% of the company’s stock.

About Riskified

Riskified Ltd., together with its subsidiaries, develops and offers an e-commerce risk management platform that allows online merchants to create trusted relationships with consumers in the United States, Europe, the Middle East, Africa, the Asia-Pacific, and the Americas. It offers Chargeback Guarantee that ensures the legitimacy of merchants' online orders; Policy Protect, a machine learning solution designed to detect and prevent refund and returns policy abuse in real-time; Account Secure, a solution that cross-checks every login attempt; Dispute Resolve, which is used to compile submissions for fraud and non-fraud related chargeback issues; and PSD2 Optimize that helps merchants avoid bank authorization failures and abandoned shopping carts.