DA Davidson Reiterates “Buy” Rating for Riskified (NYSE:RSKD)

Riskified (NYSE:RSKD)‘s stock had its “buy” rating restated by analysts at DA Davidson in a note issued to investors on Monday,Benzinga reports. They currently have a $7.50 price objective on the stock. DA Davidson’s price target indicates a potential upside of 26.80% from the company’s current price.

Other analysts have also recently issued reports about the company. Wall Street Zen upgraded Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Keefe, Bruyette & Woods boosted their price target on Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research report on Thursday, August 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Riskified in a research note on Friday, August 14th. The Goldman Sachs Group raised their price target on Riskified from $4.75 to $5.50 and gave the company a “sell” rating in a report on Wednesday, August 12th. Finally, UBS Group lifted their price objective 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. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $6.50.

Riskified Trading Up 0.3%

Riskified stock traded up $0.01 during midday trading on Monday, reaching $5.92. 217,246 shares of the stock traded hands, compared to its average volume of 921,246. Riskified has a fifty-two week low of $3.70 and a fifty-two week high of $6.61. The firm has a market cap of $876.31 million, a price-to-earnings ratio of -53.86 and a beta of 1.38. The firm has a fifty day moving average price of $5.30 and a two-hundred day moving average price of $4.76.

Riskified (NYSE:RSKD) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter, meeting 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 for the quarter, compared to analyst estimates of $89.18 million. Analysts anticipate that Riskified will post -0.01 earnings per share for the current year.

Insider Activity at Riskified

In related news, insider Assaf Feldman sold 450,000 shares of the firm’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 transaction of $2,704,500.00. Following the transaction, the insider owned 1,417,371 shares in the company, valued at $8,518,399.71. This trade represents a 24.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Erez Shachar sold 435,900 shares of the business’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 value of $2,188,218.00. Following the sale, the director directly 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 have sold 5,449,960 shares of company stock worth $28,776,282 over the last quarter. 17.40% of the stock is currently owned by company insiders.

Institutional Trading of Riskified

A number of hedge funds and other institutional investors have recently modified their holdings of RSKD. Raymond James Financial Inc. acquired a new stake in shares of Riskified in the second quarter valued at $36,000. Man Group plc acquired a new position in Riskified during the fourth quarter worth about $50,000. T3 Companies LLC bought a new stake in Riskified in the fourth quarter worth about $54,000. Orion Porfolio Solutions LLC bought a new stake in Riskified in the second quarter worth about $54,000. Finally, Virtu Financial LLC acquired a new stake in Riskified in the 3rd quarter valued at about $51,000. Institutional investors own 58.98% of the company’s stock.

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.