Riskified Ltd. (NYSE:RSKD) Stock Has Consensus Price Target of $6.83

Shares of Riskified Ltd. (NYSE:RSKD) have been given an average rating of “Hold” by the seven research firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $7.17.

RSKD has been the topic of several research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a research report on Friday, August 14th. UBS Group raised their price target on shares of Riskified from $5.00 to $6.75 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. The Goldman Sachs Group lifted their price objective on shares of Riskified from $5.50 to $7.50 and gave the stock a “sell” rating in a research note on Tuesday. Truist Financial boosted their price objective on shares of Riskified from $7.50 to $9.00 and gave the company a “buy” rating in a report on Monday, September 28th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a report on Thursday, August 13th.

Riskified Price Performance

NYSE:RSKD opened at $8.49 on Friday. Riskified has a one year low of $3.70 and a one year high of $8.78. The company has a market cap of $1.26 billion, a P/E ratio of -77.23 and a beta of 1.25. The firm’s fifty day moving average price is $6.67 and its two-hundred day moving average price is $5.44.

Riskified (NYSE:RSKD) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $98.69 million for the quarter, compared to analyst estimates of $89.18 million. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%. As a group, equities research analysts expect that Riskified will post -0.03 earnings per share for the current year.

Insider Buying and Selling at Riskified

In related news, CFO Aglika Dotcheva sold 180,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $5.95, for a total value of $1,071,000.00. Following the completion of the sale, the chief financial officer directly owned 1,510,874 shares in the company, valued at approximately $8,989,700.30. The trade was a 10.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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 shares were sold at an average price of $6.01, for a total value of $2,704,500.00. Following the completion of the sale, the insider owned 1,417,371 shares of the company’s stock, valued at approximately $8,518,399.71. This trade represents a 24.10% decrease in their ownership of the stock. 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 sold a total of 2,945,014 shares of company stock valued at $18,047,438 over the last ninety days. Company insiders own 17.40% of the company’s stock.

Hedge Funds Weigh In On Riskified

Hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its position in shares of Riskified by 1.7% in the first quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock worth $5,327,000 after purchasing an additional 22,100 shares during the period. Sei Investments Co. raised its stake in 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 in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Riskified during the second quarter worth about $1,505,000. Tidal Investments LLC lifted its position in Riskified by 142.3% during the second quarter. Tidal Investments LLC now owns 214,731 shares of the company’s stock worth $1,082,000 after purchasing an additional 126,121 shares during the period. Finally, State of Wyoming lifted its position in Riskified by 16.4% during the first quarter. State of Wyoming now owns 107,785 shares of the company’s stock worth $423,000 after purchasing an additional 15,195 shares during the period. Institutional investors own 58.98% of the company’s stock.

Riskified Company Profile

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.