Riskified (NYSE:RSKD) Price Target Raised to $9.00

Key Points

• Goldman Sachs raised its Riskified price target from $7.50 to $9.00 but maintained a Sell rating; the new target implies 3.76% downside from the prior close.
• Analyst opinions remain mixed: DA Davidson raised its target to $12 and kept a Buy rating, while the overall consensus is Hold with an average target of $8.79.
• Riskified beat quarterly earnings and revenue estimates, reporting EPS of $0.07 and revenue of $115.18 million, but it remained unprofitable, with a negative net margin.

Riskified (NYSE:RSKD - Get Free Report) had its price target boosted by The Goldman Sachs Group from $7.50 to $9.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a "sell" rating on the stock. The Goldman Sachs Group's price target indicates a potential downside of 3.76% from the stock's previous close.

Other equities analysts have also recently issued research reports about the company. DA Davidson upped their target price on Riskified from $9.00 to $12.00 and gave the stock a "buy" rating in a report on Thursday. Weiss Ratings reiterated a "sell (d-)" rating on shares of Riskified in a research report on Thursday. Zacks Research raised Riskified from a "strong sell" rating to a "hold" rating in a research note on Tuesday. Truist Financial boosted their price target on Riskified from $7.50 to $9.00 and gave the stock a "buy" rating in a report on Monday, September 28th. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating on shares of Riskified in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $8.79.

Riskified Stock Down 0.7%

Shares of NYSE RSKD traded down $0.07 during midday trading on Friday, reaching $9.35. 790,055 shares of the company were exchanged, compared to its average volume of 1,260,830. The stock's 50-day moving average price is $7.90 and its 200-day moving average price is $5.60. The stock has a market cap of $1.39 billion, a P/E ratio of -132.55 and a beta of 1.34. Riskified has a one year low of $3.70 and a one year high of $11.13.

Riskified (NYSE:RSKD - Get Free Report) last announced its quarterly earnings results on Wednesday, November 11th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.04. Riskified had a negative net margin of 2.26% and a negative return on equity of 1.87%. The company had revenue of $115.18 million during the quarter, compared to the consensus estimate of $103.41 million. On average, equities research analysts anticipate that Riskified will post -0.03 EPS for the current year.

Insider Buying and Selling at Riskified

In related news, CEO Eido Gal sold 150,000 shares of the firm's stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $6.48, for a total transaction of $972,000.00. Following the completion of the sale, the chief executive officer owned 5,302,917 shares of the company's stock, valued at $34,362,902.16. This trade represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ravi Kumaraswami sold 65,000 shares of Riskified stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $8.36, for a total value of $543,400.00. Following the completion of the sale, the insider owned 1,423,665 shares of the company's stock, valued at approximately $11,901,839.40. The trade was a 4.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,974,023 shares of company stock valued at $12,327,375 over the last ninety days. Insiders own 17.40% of the company's stock.

Institutional Trading of Riskified

Several hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its position in shares of Riskified by 1.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company's stock valued at $5,327,000 after acquiring an additional 22,100 shares during the period. Russell Investments Group Ltd. bought a new stake in Riskified in the third quarter valued at $4,915,000. Sei Investments Co. increased its stake in Riskified by 87.4% in the first quarter. Sei Investments Co. now owns 356,173 shares of the company's stock valued at $1,396,000 after purchasing an additional 166,099 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Riskified during the second quarter valued at about $1,505,000. Finally, Tidal Investments LLC raised its holdings in shares of Riskified by 142.3% during the second 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 period. Institutional investors own 58.98% of the company's stock.

Key Riskified News

Here's some of the latest news about RSKD:

• Positive Sentiment: Analysts raised their targets after the results: DA Davidson lifted its target to $12 and kept a Buy rating, while Truist raised its target to $14 and maintained Buy. Truist target-price update
• Neutral Sentiment: Analyst views remain mixed: UBS raised its target to $10.50 but retained a Neutral rating. Zacks Research upgraded the stock from Strong Sell to Hold.
• Negative Sentiment: Management’s growth comes with a margin trade-off: gross margin declined as newer merchants had higher chargeback ratios. Riskified also remained slightly unprofitable, reporting a negative net margin. Riskified Q3 earnings call highlights

About Riskified

Riskified Ltd. is a technology company that helps online merchants identify and manage fraud and other risks in e-commerce transactions. Its platform uses machine learning and data analysis to assess purchases and support decisions such as approving or declining orders. The company's services include fraud screening backed by a chargeback guarantee, as well as tools designed to help merchants address payment disputes, account abuse and other forms of policy misuse. Riskified's systems are intended to help businesses reduce losses while allowing legitimate customers to complete purchases.

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