Riskified Ltd. (NYSE:RSKD) Receives $5.89 Consensus Target Price from Brokerages

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

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of RSKD. Invesco Ltd. acquired a new stake in Riskified in the first quarter worth $51,000. Nuveen LLC bought a new position in shares of Riskified during the 1st quarter worth about $362,000. Russell Investments Group Ltd. grew its stake in shares of Riskified by 81.9% in the 1st quarter. Russell Investments Group Ltd. now owns 81,037 shares of the company’s stock valued at $374,000 after buying an additional 36,478 shares during the period. Penn Capital Management Company LLC bought a new stake in Riskified in the 1st quarter valued at about $1,006,000. Finally, Trexquant Investment LP raised its stake in Riskified by 4.3% during the 1st quarter. Trexquant Investment LP now owns 336,666 shares of the company’s stock worth $1,555,000 after buying an additional 13,994 shares during the period. Institutional investors and hedge funds own 58.98% of the company’s stock.

Riskified Trading Down 1.1%

Shares of RSKD stock opened at $4.84 on Monday. Riskified has a 1-year low of $3.94 and a 1-year high of $5.99. The stock has a market cap of $779.77 million, a price-to-earnings ratio of -21.03 and a beta of 1.35. The stock has a 50-day moving average of $4.81 and a 200-day moving average of $4.88.

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

About Riskified

Riskified Ltd., together with its subsidiaries, develops and offers an e-commerce risk management platform that allows online merchants to create trusted relationships with consumers in the United States, Europe, the Middle East, Africa, the Asia-Pacific, and the Americas. It offers Chargeback Guarantee that ensures the legitimacy of merchants' online orders; Policy Protect, a machine learning solution designed to detect and prevent refund and returns policy abuse in real-time; Account Secure, a solution that cross-checks every login attempt; Dispute Resolve, which is used to compile submissions for fraud and non-fraud related chargeback issues; and PSD2 Optimize that helps merchants avoid bank authorization failures and abandoned shopping carts.