Riskified (NYSE:RSKD) Stock Rating Lowered by Zacks Research

Riskified (NYSE:RSKD) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday, Zacks reports.

Several other equities analysts have also recently weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Riskified in a research note on Friday, August 14th. Keefe, Bruyette & Woods upped their price target on shares of Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research report on Thursday, August 13th. DA Davidson reiterated a “buy” rating and issued a $7.50 price target on shares of Riskified in a research note on Monday, August 24th. UBS Group increased their price target on shares of Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Finally, The Goldman Sachs Group upped their target price on shares of Riskified from $5.50 to $7.50 and gave the company a “sell” rating in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $7.17.

Riskified Stock Down 0.9%

RSKD stock opened at $8.49 on Monday. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -77.23 and a beta of 1.25. Riskified has a twelve month low of $3.70 and a twelve month high of $8.78. The business has a 50 day moving average price of $6.67 and a two-hundred day moving average price of $5.44.

Riskified (NYSE:RSKD) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. Riskified had a negative return on equity of 3.93% and a negative net margin of 4.23%. The company had revenue of $98.69 million for the quarter, compared to analysts’ expectations of $89.18 million. On average, equities research analysts anticipate that Riskified will post -0.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Erez Shachar sold 289,400 shares of Riskified stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $6.12, for a total transaction of $1,771,128.00. Following the completion of the transaction, the director directly owned 1,466,883 shares in the company, valued at approximately $8,977,323.96. The trade was a 16.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Assaf Feldman sold 450,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $6.01, for a total value of $2,704,500.00. Following the transaction, the insider directly owned 1,417,371 shares in the company, valued at $8,518,399.71. The trade was a 24.10% decrease in their ownership of the stock. 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. Over the last quarter, insiders have sold 2,945,014 shares of company stock valued at $18,047,438. 17.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Riskified

Several institutional investors and hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio bought a new stake in shares of Riskified during the 2nd quarter worth about $1,505,000. Sei Investments Co. grew its position 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 purchasing an additional 166,099 shares during the last quarter. Tidal Investments LLC grew its holdings in Riskified by 142.3% in the 2nd quarter. Tidal Investments LLC now owns 214,731 shares of the company’s stock valued at $1,082,000 after buying an additional 126,121 shares in the last quarter. 9823 Capital L.P. bought a new position in Riskified during the fourth quarter worth about $182,000. Finally, Renaissance Technologies LLC boosted its holdings in Riskified by 1.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock valued at $5,327,000 after purchasing an additional 22,100 shares during the period. 58.98% of the stock is currently owned by institutional investors and hedge funds.

About Riskified

Riskified Ltd. is a technology company that provides fraud and risk-management solutions for e-commerce merchants. Its platform uses data analytics, machine learning and behavioral insights to help online businesses distinguish legitimate customers from fraudulent activity while reducing friction during the purchasing process.

The company’s products are designed to address risks across the digital commerce lifecycle, including payment fraud, chargebacks, account takeover, policy abuse and other forms of customer or transaction abuse.