Riskified Ltd. (NYSE:RSKD) Receives $5.96 Consensus Target Price from Analysts

Riskified Ltd. (NYSE:RSKD) has been assigned an average rating of “Hold” from the seven research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $5.9583.

RSKD has been the subject of several research reports. Truist Financial decreased their price target on shares of Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Wall Street Zen upgraded shares of Riskified from a “hold” rating to a “buy” rating in a research note on Sunday, March 15th.

Insider Transactions at Riskified

In other Riskified news, CTO Assaf Feldman sold 32,590 shares of Riskified stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $4.68, for a total value of $152,521.20. Following the completion of the sale, the chief technology officer directly owned 2,163,125 shares in the company, valued at $10,123,425. The trade was a 1.48% 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. 17.40% of the stock is owned by company insiders.

Institutional Trading of Riskified

Institutional investors have recently added to or reduced their stakes in the business. Harvey Partners LLC lifted its stake in Riskified by 20.4% in the third quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock valued at $14,475,000 after acquiring an additional 523,855 shares during the last quarter. Clearline Capital LP lifted its stake in Riskified by 23.8% in the third quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock valued at $14,536,000 after acquiring an additional 597,765 shares during the last quarter. TFJ Management LLC lifted its stake in Riskified by 31.7% in the third quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock valued at $6,524,000 after acquiring an additional 335,399 shares during the last quarter. ARK Investment Management LLC lifted its stake in Riskified by 1.2% in the third quarter. ARK Investment Management LLC now owns 368,310 shares of the company’s stock valued at $1,724,000 after acquiring an additional 4,248 shares during the last quarter. Finally, Thrivent Financial for Lutherans acquired a new stake in Riskified in the third quarter valued at approximately $85,000. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Riskified Stock Performance

RSKD stock opened at $4.88 on Thursday. The stock has a market cap of $723.43 million, a P/E ratio of -44.39 and a beta of 1.39. The firm has a 50 day simple moving average of $4.35 and a 200 day simple moving average of $4.58. Riskified has a 52 week low of $3.70 and a 52 week high of $5.68.

Riskified (NYSE:RSKD) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. The business had revenue of $88.27 million during the quarter, compared to analysts’ expectations of $87.72 million. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%.

Riskified Company Profile

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.