Riskified Ltd. (NYSE:RSKD) Stock Has Average Price Target of $7.17

Riskified Ltd. (NYSE:RSKD) has been given a consensus rating of “Reduce” by the eight research firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $7.17.

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

Riskified Stock Up 2.7%

Riskified stock opened at $8.54 on Thursday. Riskified has a 52-week low of $3.70 and a 52-week high of $9.23. The firm has a market cap of $1.26 billion, a PE ratio of -77.59 and a beta of 1.34. The company’s 50 day moving average is $7.67 and its two-hundred day moving average is $5.50.

Riskified (NYSE:RSKD) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter, hitting 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 business had revenue of $98.69 million during the quarter, compared to the consensus estimate of $89.18 million. On average, equities research analysts anticipate that Riskified will post -0.03 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Eido Gal sold 150,000 shares of Riskified stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $6.48, for a total value of $972,000.00. Following the completion of the transaction, the chief executive officer owned 5,302,917 shares in the company, valued at $34,362,902.16. The trade was a 2.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Assaf Feldman sold 43,904 shares of Riskified stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $6.51, for a total transaction of $285,815.04. Following the completion of the transaction, the insider owned 1,167,371 shares of the company’s stock, valued at $7,599,585.21. This represents a 3.62% 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. In the last three months, insiders sold 2,890,119 shares of company stock valued at $17,972,343. 17.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Riskified

A number of large investors have recently modified their holdings of RSKD. Russell Investments Group Ltd. purchased a new position in shares of Riskified during the third quarter worth approximately $4,915,000. Public Employees Retirement System of Ohio acquired a new position in shares of Riskified in the 2nd quarter valued at $1,505,000. Sei Investments Co. increased its holdings in shares of Riskified by 87.4% in the 1st quarter. Sei Investments Co. now owns 356,173 shares of the company’s stock valued at $1,396,000 after acquiring an additional 166,099 shares during the period. Tidal Investments LLC raised its position in Riskified by 142.3% in the 2nd quarter. Tidal Investments LLC now owns 214,731 shares of the company’s stock valued at $1,082,000 after purchasing an additional 126,121 shares during the last quarter. Finally, Kings Path Partners LLC purchased a new stake in Riskified in the 3rd quarter valued at $377,000. 58.98% of the stock is owned by hedge funds and other institutional investors.

Riskified Company Profile

Riskified Ltd. (NYSE: RSKD) is a technology company that provides fraud and risk-management solutions for e-commerce businesses. Its platform uses data analysis, machine learning and automated decision-making to help merchants distinguish legitimate customers from potentially fraudulent transactions while supporting online sales and customer conversion.

The company’s products are designed to address several stages of the digital commerce lifecycle, including payment approval, account protection, chargeback management and checkout optimization.