Riskified Ltd. (NYSE:RSKD) Given Consensus Recommendation of “Hold” by Analysts

Riskified Ltd. (NYSE:RSKD) has been assigned a consensus recommendation of “Hold” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $5.91.

A number of equities analysts have weighed in on the stock. UBS Group decreased their target price on shares of Riskified from $4.75 to $4.50 and set a “neutral” rating for the company in a research note on Thursday. DA Davidson upgraded Riskified to a “hold” rating in a research note on Thursday. Keefe, Bruyette & Woods cut their target price on Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a research note on Thursday. Truist Financial lowered their price target on Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Finally, Piper Sandler reissued an “overweight” rating and set a $7.00 price objective on shares of Riskified in a research report on Thursday.

Institutional Investors Weigh In On Riskified

Large investors have recently bought and sold shares of the business. nVerses Capital LLC bought a new position in Riskified during the 2nd quarter valued at about $29,000. Covestor Ltd raised its holdings in shares of Riskified by 2,522.7% during the first quarter. Covestor Ltd now owns 7,842 shares of the company’s stock valued at $43,000 after purchasing an additional 7,543 shares during the last quarter. Valmark Advisers Inc. bought a new position in Riskified during the second quarter valued at approximately $104,000. Quantbot Technologies LP purchased a new stake in Riskified in the third quarter worth approximately $120,000. Finally, Olympiad Research LP purchased a new stake in Riskified in the third quarter worth approximately $150,000. 58.98% of the stock is currently owned by institutional investors.

Riskified Trading Down 6.3 %

RSKD opened at $4.34 on Friday. Riskified has a 12-month low of $3.90 and a 12-month high of $6.64. The company has a market cap of $773.71 million, a price-to-earnings ratio of -21.70 and a beta of 1.36. The stock has a fifty day simple moving average of $4.58 and a two-hundred day simple moving average of $5.39.

Riskified (NYSE:RSKD) last issued its quarterly 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. Riskified had a negative net margin of 10.72% and a negative return on equity of 5.77%. The company had revenue of $78.73 million during the quarter, compared to analysts’ expectations of $78.33 million. On average, analysts predict that Riskified will post -0.17 EPS for the current year.

Riskified Company Profile

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.