Riskified (NYSE:RSKD) Downgraded to “Hold” Rating by Wall Street Zen

Riskified (NYSE:RSKD) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

A number of other analysts also recently commented on RSKD. Truist Financial decreased their price target on Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday. JPMorgan Chase & Co. upgraded Riskified from an “underweight” rating to a “neutral” rating and set a $6.00 target price on the stock in a research note on Friday, November 14th. DA Davidson reissued a “buy” rating and issued a $6.00 price target on shares of Riskified in a research report on Thursday, November 13th. UBS Group raised their price target on Riskified from $5.00 to $5.50 and gave the stock a “neutral” rating in a report on Thursday, November 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Riskified in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Riskified currently has an average rating of “Hold” and an average price target of $5.96.

Riskified Price Performance

Shares of NYSE RSKD opened at $4.48 on Friday. Riskified has a 1 year low of $3.94 and a 1 year high of $5.68. The stock has a market capitalization of $722.70 million, a P/E ratio of -26.37 and a beta of 1.33. The company has a 50-day moving average price of $4.58 and a 200-day moving average price of $4.69.

Riskified (NYSE:RSKD) last issued its quarterly earnings data on Wednesday, March 4th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $99.33 million during the quarter, compared to analyst estimates of $97.21 million. Riskified had a negative return on equity of 5.63% and a negative net margin of 8.00%. As a group, equities research analysts anticipate that Riskified will post -0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Riskified

A number of large investors have recently bought and sold shares of RSKD. Bronte Capital Management Pty Ltd. grew its holdings in Riskified by 14.3% in the 2nd quarter. Bronte Capital Management Pty Ltd. now owns 531,929 shares of the company’s stock worth $2,654,000 after acquiring an additional 66,548 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Riskified by 129.1% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 191,015 shares of the company’s stock worth $953,000 after purchasing an additional 107,646 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Riskified by 7.5% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 441,489 shares of the company’s stock valued at $2,203,000 after purchasing an additional 30,919 shares during the last quarter. Savant Capital LLC bought a new position in shares of Riskified during the second quarter valued at approximately $57,000. Finally, Y.D. More Investments Ltd lifted its position in shares of Riskified by 20.4% in the 2nd quarter. Y.D. More Investments Ltd now owns 39,789 shares of the company’s stock worth $198,000 after purchasing an additional 6,743 shares during the period. 58.98% of the stock is owned by hedge funds and other institutional investors.

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.