Riskified Ltd. (NYSE:RSKD) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analyst consensus is “Hold”: Two analysts rate Riskified a sell, three a hold and two a buy. The average 12-month price target is $6.50, compared with the stock’s recent price of $6.20.
• Riskified’s latest quarterly results met EPS expectations at $0.02 and exceeded revenue estimates, reporting $98.69 million versus the $89.18 million consensus. However, the company remained unprofitable, with a negative net margin of 4.23%.
• Insiders have been selling shares: Insiders sold 5.87 million shares worth approximately $32.6 million over the past three months, while institutional investors own 58.98% of the company.

Shares of Riskified Ltd. (NYSE:RSKD - Get Free Report) have earned a consensus recommendation of "Hold" from the seven research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $6.50.

Several equities analysts recently issued reports on RSKD shares. Keefe, Bruyette & Woods raised their price target on Riskified from $5.50 to $6.25 and gave the stock a "market perform" rating in a research report on Thursday, August 13th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Riskified in a research report on Friday, August 14th. DA Davidson reiterated a "buy" rating and issued a $7.50 price objective on shares of Riskified in a report on Monday, August 24th. UBS Group lifted their target price on shares of Riskified from $5.00 to $6.75 and gave the company a "neutral" rating in a report on Thursday, August 13th. Finally, The Goldman Sachs Group lifted their price target on Riskified from $4.75 to $5.50 and gave the stock a "sell" rating in a research report on Wednesday, August 12th.

Riskified Stock Down 1.5%

Shares of RSKD stock opened at $6.20 on Wednesday. The firm has a market cap of $917.79 million, a P/E ratio of -56.32 and a beta of 1.38. The business has a 50-day moving average price of $5.72 and a two-hundred day moving average price of $4.98. Riskified has a 12-month low of $3.70 and a 12-month high of $6.98.

Riskified (NYSE:RSKD - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.02 EPS for the quarter, meeting analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $89.18 million. As a group, research analysts expect that Riskified will post -0.03 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Assaf Feldman sold 450,000 shares of the business's stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $6.01, for a total value of $2,704,500.00. Following the completion of the transaction, the insider directly owned 1,417,371 shares in the company, valued at $8,518,399.71. The trade was a 24.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aglika Dotcheva sold 180,000 shares of the company's stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $5.95, for a total value of $1,071,000.00. Following the completion of the transaction, the chief financial officer directly owned 1,510,874 shares in the company, valued at $8,989,700.30. This trade represents a 10.65% 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 sold a total of 5,872,959 shares of company stock worth $32,638,409 in the last three months. Insiders own 17.40% of the company's stock.

Institutional Investors Weigh In On Riskified

Several institutional investors have recently modified their holdings of RSKD. Public Employees Retirement System of Ohio purchased a new stake in shares of Riskified in the second quarter valued at $1,505,000. Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Riskified during the 4th quarter worth about $1,019,000. Sei Investments Co. grew its holdings in Riskified by 87.4% during the 1st 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 during the last quarter. Globeflex Capital L P bought a new position in Riskified during the 4th quarter valued at about $736,000. Finally, 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 worth $1,082,000 after purchasing an additional 126,121 shares during the period. 58.98% of the stock is owned by hedge funds and other institutional investors.

About Riskified

Riskified Ltd. is a technology company that provides fraud and risk-management solutions for e-commerce businesses. Its platform uses data analytics, machine learning and network insights to help merchants distinguish legitimate customers from fraudulent transactions, reduce payment-related losses and improve the online shopping experience.

The company's product offerings include solutions designed to protect merchants from chargebacks, identify and prevent policy abuse, secure customer accounts and support payment approval decisions.

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