Riskified Ltd. (NYSE:RSKD) Receives $5.64 Consensus PT from Brokerages

Shares of Riskified Ltd. (NYSE:RSKD) have been assigned an average recommendation of “Hold” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $5.64.

A number of analysts have commented on RSKD shares. DA Davidson reiterated a “neutral” rating and issued a $5.00 price objective on shares of Riskified in a research report on Wednesday, March 6th. The Goldman Sachs Group raised their target price on Riskified from $4.50 to $5.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th. Piper Sandler raised their target price on Riskified from $5.00 to $7.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. Finally, Barclays downgraded Riskified from an “overweight” rating to an “equal weight” rating and set a $5.00 target price for the company. in a research report on Thursday, December 14th.

Hedge Funds Weigh In On Riskified

Institutional investors have recently bought and sold shares of the business. Quarry LP bought a new position in Riskified in the 1st quarter valued at $25,000. Bank of America Corp DE raised its position in Riskified by 173.9% in the 1st quarter. Bank of America Corp DE now owns 5,081 shares of the company’s stock valued at $29,000 after purchasing an additional 3,226 shares during the last quarter. Lazard Asset Management LLC bought a new position in Riskified in the 2nd quarter valued at $47,000. Wolverine Trading LLC raised its position in Riskified by 192.9% in the 2nd quarter. Wolverine Trading LLC now owns 10,130 shares of the company’s stock valued at $49,000 after purchasing an additional 21,030 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in Riskified in the 1st quarter valued at $59,000. Institutional investors own 58.98% of the company’s stock.

Riskified Trading Down 0.7 %

Shares of RSKD stock opened at $5.37 on Friday. The stock has a 50 day moving average of $4.87 and a two-hundred day moving average of $4.43. Riskified has a 12 month low of $3.48 and a 12 month high of $5.81. The company has a market capitalization of $957.31 million, a P/E ratio of -15.79 and a beta of 1.34.

Riskified (NYSE:RSKD) last announced its quarterly earnings data on Tuesday, March 5th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. Riskified had a negative return on equity of 11.04% and a negative net margin of 19.84%. The company had revenue of $84.07 million during the quarter, compared to the consensus estimate of $83.87 million. Sell-side analysts predict that Riskified will post -0.18 earnings per share for the current fiscal year.

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.