Riskified Ltd. (NYSE:RSKD) Given Consensus Recommendation of “Hold” by Brokerages

Riskified Ltd. (NYSE:RSKD) has received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $5.8929.

A number of research firms recently issued reports on RSKD. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a research report on Monday, December 29th. JPMorgan Chase & Co. raised Riskified from an “underweight” rating to a “neutral” rating and set a $6.00 price target on the stock in a research report on Friday, November 14th. Wall Street Zen upgraded Riskified from a “hold” rating to a “buy” rating in a research note on Sunday, November 16th. DA Davidson reissued a “buy” rating and issued a $6.00 price objective on shares of Riskified in a report on Thursday, November 13th. Finally, UBS Group boosted their target price on shares of Riskified from $5.00 to $5.50 and gave the stock a “neutral” rating in a report on Thursday, November 13th.

Institutional Investors Weigh In On Riskified

A number of institutional investors and hedge funds have recently modified their holdings of RSKD. Invesco Ltd. bought a new position in Riskified during the first quarter worth about $51,000. Allspring Global Investments Holdings LLC lifted its position in shares of Riskified by 17.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,104,694 shares of the company’s stock valued at $5,512,000 after buying an additional 165,947 shares during the last quarter. MQS Management LLC boosted its stake in shares of Riskified by 42.6% during the 2nd quarter. MQS Management LLC now owns 51,512 shares of the company’s stock worth $257,000 after acquiring an additional 15,393 shares during the period. Brookwood Investment Group LLC bought a new position in shares of Riskified during the 2nd quarter worth approximately $100,000. Finally, Jennison Associates LLC increased its holdings in shares of Riskified by 3.3% during the 2nd quarter. Jennison Associates LLC now owns 5,886,511 shares of the company’s stock worth $29,374,000 after acquiring an additional 189,188 shares during the last quarter. 58.98% of the stock is owned by institutional investors.

Riskified Stock Down 2.9%

NYSE RSKD opened at $4.78 on Friday. Riskified has a 12-month low of $3.94 and a 12-month high of $5.99. The company has a market capitalization of $769.78 million, a PE ratio of -20.76 and a beta of 1.35. The firm’s 50 day moving average is $4.88 and its 200-day moving average is $4.87.

Riskified (NYSE:RSKD) last announced its earnings results on Wednesday, November 12th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. Riskified had a negative net margin of 11.04% and a negative return on equity of 8.12%. The business had revenue of $81.86 million during the quarter, compared to analysts’ expectations of $80.25 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. As a group, sell-side analysts expect that Riskified will post -0.15 EPS for the current 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.