Riskified Ltd. (NYSE:RSKD) Stock Has Average Price Target of $6.83 According to Analysts

Key Points

• Analysts have a consensus “Hold” rating on Riskified, with two sell, three hold and two buy recommendations. The average 12-month price target is $6.83, below the stock’s reported $8.54 opening price.
• Riskified’s latest quarterly results met EPS expectations at $0.02 and exceeded revenue estimates, reporting $98.69 million in revenue versus the $89.18 million consensus forecast. Analysts expect a full-year loss of $0.03 per share.
• Insiders have been selling shares: company insiders sold 3.03 million shares worth approximately $18.5 million over the past 90 days, while institutional investors own 58.98% of the stock.

Shares of Riskified Ltd. (NYSE:RSKD - Get Free Report) have earned a consensus recommendation of "Hold" from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $6.83.

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

Riskified Price Performance

NYSE:RSKD opened at $8.54 on Friday. The company has a market cap of $1.27 billion, a P/E ratio of -77.68 and a beta of 1.25. The firm's fifty day moving average price is $6.54 and its two-hundred day moving average price is $5.36. Riskified has a one year low of $3.70 and a one year high of $8.57.

Riskified (NYSE:RSKD - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $98.69 million during the quarter, compared to analysts' expectations of $89.18 million. As a group, equities research analysts expect that Riskified will post -0.03 earnings per share for the current year.

Insider Activity at Riskified

In other news, CTO Avi Shauli sold 30,000 shares of the business's stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $6.44, for a total value of $193,200.00. Following the completion of the sale, the chief technology officer owned 485,625 shares of the company's stock, valued at approximately $3,127,425. The trade was a 5.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Erez Shachar sold 47,651 shares of the company's stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $6.18, for a total transaction of $294,483.18. Following the completion of the transaction, the director owned 3,311,623 shares in the company, valued at $20,465,830.14. This trade represents a 1.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 3,027,117 shares of company stock valued at $18,475,194. 17.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Riskified

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new stake in Riskified during the second quarter worth approximately $1,505,000. Sei Investments Co. grew its holdings in shares of Riskified by 87.4% during the 1st quarter. Sei Investments Co. now owns 356,173 shares of the company's stock worth $1,396,000 after purchasing an additional 166,099 shares in the last quarter. Tidal Investments LLC increased its position in shares of Riskified by 142.3% in the second 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. 9823 Capital L.P. acquired a new position in Riskified in the fourth quarter valued at about $182,000. Finally, Renaissance Technologies LLC lifted its position in Riskified by 1.7% during the first quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company's stock worth $5,327,000 after purchasing an additional 22,100 shares during the period. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Riskified Company Profile

Riskified Ltd. is a technology company that provides fraud and risk-management solutions for e-commerce merchants. Its platform uses data analytics, machine learning and behavioral insights to help online businesses distinguish legitimate customers from fraudulent activity while reducing friction during the purchasing process.

The company's products are designed to address risks across the digital commerce lifecycle, including payment fraud, chargebacks, account takeover, policy abuse and other forms of customer or transaction abuse.

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