Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Riskified (NYSE:RSKD) Stock

Riskified (NYSE:RSKD) had its target price increased by stock analysts at Keefe, Bruyette & Woods from $5.25 to $5.50 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 5.87% from the company’s current price.

Separately, Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $6.00.

Riskified Stock Up 1.3%

Shares of NYSE RSKD opened at $5.20 on Monday. The business’s 50 day moving average is $4.89 and its two-hundred day moving average is $4.61. Riskified has a 52-week low of $3.70 and a 52-week high of $5.68. The firm has a market cap of $769.65 million, a price-to-earnings ratio of -47.19 and a beta of 1.38.

Riskified (NYSE:RSKD) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. Riskified had a negative return on equity of 3.91% and a negative net margin of 5.17%.The business had revenue of $88.27 million during the quarter, compared to analysts’ expectations of $87.72 million. Analysts anticipate that Riskified will post -0.01 EPS for the current fiscal year.

Insider Buying and Selling at Riskified

In other Riskified news, CTO Assaf Feldman sold 230,512 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $5.02, for a total value of $1,157,170.24. Following the sale, the chief technology officer directly owned 1,932,613 shares in the company, valued at $9,701,717.26. This trade represents a 10.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Erez Shachar sold 435,900 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $5.02, for a total value of $2,188,218.00. Following the completion of the transaction, the director owned 2,193,976 shares in the company, valued at approximately $11,013,759.52. The trade was a 16.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 4,083,918 shares of company stock worth $20,424,291 in the last three months. 17.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Riskified

A number of institutional investors and hedge funds have recently bought and sold shares of RSKD. Harvey Partners LLC increased its position in shares of Riskified by 20.4% during the third quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock worth $14,475,000 after purchasing an additional 523,855 shares in the last quarter. Globeflex Capital L P purchased a new position in Riskified during the 4th quarter worth approximately $736,000. Nano Cap New Millennium Growth Fund L P acquired a new position in Riskified during the fourth quarter worth approximately $1,019,000. Sei Investments Co. boosted its holdings in shares of Riskified by 87.4% in 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 during the period. Finally, Renaissance Technologies LLC grew 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 worth $5,327,000 after acquiring an additional 22,100 shares during the last quarter. 58.98% of the stock is owned by hedge funds and other institutional investors.

Riskified Company Profile

Riskified is a technology company specializing in e-commerce fraud prevention and revenue optimization for online merchants. Its platform combines machine learning, behavioral analytics and proprietary risk models to assess the legitimacy of transactions in real time. By offering a chargeback guarantee, Riskified assumes the financial liability for approved orders that later turn out to be fraudulent, allowing retailers to focus on growth rather than dispute management.

The company’s core product suite addresses various aspects of the online shopping lifecycle, including order approval, account takeover protection and policy compliance.