Riskified Ltd. (NYSE:RSKD) Given Average Rating of “Hold” by Analysts

Shares of Riskified Ltd. (NYSE:RSKD) have received an average rating of “Hold” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $6.50.

Several analysts have issued reports on the company. Keefe, Bruyette & Woods upped their target price on Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research note on Thursday, August 13th. The Goldman Sachs Group boosted their price objective on shares of Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a report on Wednesday, August 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a research note on Friday, August 14th. Wall Street Zen raised shares of Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Finally, DA Davidson reiterated a “buy” rating and issued a $7.50 target price on shares of Riskified in a research report on Monday.

Insider Buying and Selling

In other Riskified news, Director Erez Shachar sold 435,900 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $5.02, for a total transaction of $2,188,218.00. Following the transaction, the director owned 2,193,976 shares in the company, valued at approximately $11,013,759.52. This represents a 16.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aglika Dotcheva sold 180,000 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $5.95, for a total value of $1,071,000.00. Following the completion of the transaction, the chief financial officer directly owned 1,510,874 shares of the company’s stock, valued at $8,989,700.30. This represents a 10.65% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 5,602,298 shares of company stock worth $29,748,095 in the last ninety days. 17.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Riskified

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its holdings in shares of Riskified by 404.0% during the 2nd quarter. California State Teachers Retirement System now owns 398,684 shares of the company’s stock valued at $2,009,000 after buying an additional 319,580 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Riskified in the 2nd quarter worth about $1,505,000. Renaissance Technologies LLC lifted its position in Riskified by 1.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock valued at $5,327,000 after acquiring an additional 22,100 shares during the period. Modern Wealth Management LLC bought a new stake in Riskified during the first quarter worth about $56,000. Finally, Sei Investments Co. grew its holdings in Riskified by 87.4% in the first quarter. Sei Investments Co. now owns 356,173 shares of the company’s stock worth $1,396,000 after purchasing an additional 166,099 shares during the period. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Riskified Trading Up 1.0%

Riskified stock opened at $6.00 on Friday. Riskified has a 12 month low of $3.70 and a 12 month high of $6.61. The business’s 50 day simple moving average is $5.36 and its 200 day simple moving average is $4.80. The company has a market cap of $888.90 million, a price-to-earnings ratio of -54.55 and a beta of 1.38.

Riskified (NYSE:RSKD) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%. The company had revenue of $98.69 million during the quarter, compared to the consensus estimate of $89.18 million. As a group, equities research analysts forecast that Riskified will post -0.01 earnings per share for the current fiscal year.

About Riskified

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.