Riskified Ltd. (NYSE:RSKD) Receives Average Rating of “Hold” from Analysts

Riskified Ltd. (NYSE:RSKD) has been given an average recommendation of “Hold” by the eight ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $6.03.

A number of research firms have recently commented on RSKD. Piper Sandler dropped their price objective on Riskified from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Thursday, August 15th. UBS Group dropped their price objective on Riskified from $6.00 to $4.75 and set a “neutral” rating for the company in a report on Thursday, August 15th. DA Davidson upgraded Riskified to a “hold” rating in a report on Wednesday, September 11th. JPMorgan Chase & Co. upped their price objective on Riskified from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Finally, Truist Financial decreased their price target on shares of Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday, August 15th.

Riskified Price Performance

Shares of NYSE:RSKD opened at $4.60 on Friday. The business’s 50 day simple moving average is $4.63 and its 200-day simple moving average is $5.41. The firm has a market capitalization of $820.04 million, a price-to-earnings ratio of -17.69 and a beta of 1.36. Riskified has a 12 month low of $3.75 and a 12 month high of $6.64.

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

Institutional Trading of Riskified

A number of institutional investors have recently added to or reduced their stakes in RSKD. nVerses Capital LLC purchased a new position in Riskified in the 2nd quarter valued at about $29,000. Covestor Ltd boosted its position in Riskified by 2,522.7% in the 1st quarter. Covestor Ltd now owns 7,842 shares of the company’s stock valued at $43,000 after buying an additional 7,543 shares during the last quarter. Valmark Advisers Inc. purchased a new position in Riskified in the 2nd quarter valued at about $104,000. Squarepoint Ops LLC purchased a new position in Riskified in the 2nd quarter valued at about $163,000. Finally, Olympiad Research LP purchased a new position in Riskified in the 3rd quarter valued at about $150,000. 58.98% of the stock is owned by hedge funds and other institutional investors.

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.