Riskified (NYSE:RSKD) Stock Price Down 4.1% – Time to Sell?

Shares of Riskified Ltd. (NYSE:RSKD) traded down 4.1% during mid-day trading on Wednesday . The company traded as low as $4.48 and last traded at $4.5150. 1,057,621 shares traded hands during trading, an increase of 78% from the average session volume of 593,058 shares. The stock had previously closed at $4.71.

Analyst Upgrades and Downgrades

RSKD has been the subject of several research analyst reports. JPMorgan Chase & Co. raised shares of Riskified from an “underweight” rating to a “neutral” rating and set a $6.00 price objective for the company in a research report on Friday, November 14th. Wall Street Zen upgraded shares of Riskified from a “hold” rating to a “buy” rating in a research note on Sunday, November 16th. UBS Group boosted their target price on shares of Riskified from $5.00 to $5.50 and gave the company a “neutral” rating in a research note on Thursday, November 13th. DA Davidson reiterated a “buy” rating and set a $6.00 target price on shares of Riskified in a research report on Thursday, November 13th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Riskified in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $5.89.

Riskified Stock Down 4.1%

The firm has a market cap of $727.86 million, a PE ratio of -19.63 and a beta of 1.33. The business has a 50-day moving average price of $4.61 and a two-hundred day moving average price of $4.70.

Riskified (NYSE:RSKD) last released its earnings results on Wednesday, March 4th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The firm had revenue of $99.33 million during the quarter, compared to analysts’ expectations of $97.21 million. Riskified had a negative return on equity of 8.12% and a negative net margin of 11.04%. On average, equities research analysts predict that Riskified Ltd. will post -0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Riskified

A number of large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its holdings in Riskified by 1.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 302,262 shares of the company’s stock worth $1,502,000 after purchasing an additional 2,900 shares in the last quarter. FNY Investment Advisers LLC raised its stake in shares of Riskified by 24.8% during the 3rd quarter. FNY Investment Advisers LLC now owns 15,110 shares of the company’s stock worth $70,000 after buying an additional 3,000 shares in the last quarter. ARK Investment Management LLC lifted its holdings in shares of Riskified by 1.2% in the 3rd quarter. ARK Investment Management LLC now owns 368,310 shares of the company’s stock valued at $1,724,000 after buying an additional 4,248 shares during the period. California State Teachers Retirement System boosted its stake in shares of Riskified by 5.5% in the second quarter. California State Teachers Retirement System now owns 93,086 shares of the company’s stock valued at $464,000 after buying an additional 4,826 shares in the last quarter. Finally, Swiss National Bank raised its position in Riskified by 3.1% in the fourth quarter. Swiss National Bank now owns 167,513 shares of the company’s stock worth $833,000 after acquiring an additional 5,000 shares in the last quarter. 58.98% of the stock is owned by hedge funds and other institutional investors.

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.