Riskified Ltd. (NYSE:RSKD) Stock Has Consensus Price Target of $7.17 According to Analysts

Key Points

• Analyst sentiment is cautious: Riskified has a consensus “Reduce” rating from eight analysts—three sell, three hold and two buy—with an average 12-month price target of $7.17.
• Recent quarterly results beat revenue expectations: Riskified reported $98.69 million in revenue versus estimates of $89.18 million, while EPS of $0.02 matched consensus.
• Insiders have been selling shares: Company insiders sold 2.89 million shares worth about $17.97 million last quarter; the CEO’s and another insider’s disclosed sales were made under pre-arranged trading plans.

Riskified Ltd. (NYSE:RSKD - Get Free Report) has earned an average rating of "Reduce" from the eight brokerages that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $7.17.

A number of brokerages have issued reports on RSKD. Keefe, Bruyette & Woods boosted 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. UBS Group raised their price target on Riskified from $5.00 to $6.75 and gave the company a "neutral" rating in a report on Thursday, August 13th. The Goldman Sachs Group lifted their price objective on shares of Riskified from $5.50 to $7.50 and gave the company a "sell" rating in a research note on Tuesday, October 13th. Zacks Research lowered shares of Riskified from a "hold" rating to a "strong sell" rating in a research report on Monday, October 12th. Finally, Truist Financial raised their target price on shares of Riskified from $7.50 to $9.00 and gave the company a "buy" rating in a research note on Monday, September 28th.

Insider Buying and Selling

In other news, CEO Eido Gal sold 150,000 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $6.48, for a total value of $972,000.00. Following the completion of the transaction, the chief executive officer directly owned 5,302,917 shares in the company, 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 legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Assaf Feldman sold 43,904 shares of the firm's stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $6.51, for a total transaction of $285,815.04. Following the transaction, the insider owned 1,167,371 shares in the company, valued at $7,599,585.21. This represents a 3.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 2,890,119 shares of company stock worth $17,972,343. Company insiders own 17.40% of the company's stock.

Hedge Funds Weigh In On Riskified

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new stake in shares of Riskified in the third quarter valued at $41,000. Modern Wealth Management LLC bought a new position in Riskified during the first quarter valued at about $56,000. R Squared Ltd boosted its stake in Riskified by 57.8% during the first quarter. R Squared Ltd now owns 19,813 shares of the company's stock valued at $78,000 after buying an additional 7,257 shares in the last quarter. Engineers Gate Manager LP grew its holdings in Riskified by 13.7% during the second quarter. Engineers Gate Manager LP now owns 64,591 shares of the company's stock worth $326,000 after acquiring an additional 7,799 shares during the period. Finally, Kings Path Partners LLC acquired a new position in Riskified during the third quarter worth about $377,000. 58.98% of the stock is owned by institutional investors.

Riskified Trading Up 1.9%

RSKD opened at $8.79 on Thursday. The business's 50 day moving average is $7.58 and its 200-day moving average is $5.46. The stock has a market cap of $1.30 billion, a PE ratio of -79.86 and a beta of 1.34. Riskified has a twelve month low of $3.70 and a twelve month high of $9.23.

Riskified (NYSE:RSKD - Get Free Report) last issued its quarterly earnings data 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 return on equity of 3.93% and a negative net margin of 4.23%. The business had revenue of $98.69 million during the quarter, compared to analyst estimates of $89.18 million. As a group, analysts forecast that Riskified will post -0.03 EPS for the current year.

About Riskified

Riskified Ltd. NYSE: RSKD is a technology company that provides fraud and risk-management solutions for e-commerce businesses. Its platform uses data analysis, machine learning and automated decision-making to help merchants distinguish legitimate customers from potentially fraudulent transactions while supporting online sales and customer conversion.

The company's products are designed to address several stages of the digital commerce lifecycle, including payment approval, account protection, chargeback management and checkout optimization.

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