Riskified (NYSE:RSKD) Reaches New 12-Month High - Here's Why

Key Points

• Riskified hit a new 52-week high, trading as high as $10.32 and up 28% from its prior close of $8.48.
• In its latest reported quarter, Riskified delivered EPS of $0.02, matching expectations, while revenue of $98.69 million exceeded analysts’ $89.18 million estimate.
• Analyst sentiment remains cautious: the consensus rating is “Reduce” with a $7.17 price target, while insiders sold about 2.26 million shares worth $14.2 million in the last quarter.

Riskified Ltd. (NYSE:RSKD - Get Free Report) reached a new 52-week high on Wednesday. The company traded as high as $10.32 and last traded at $10.7820, with a volume of 444,350 shares. The stock had previously closed at $8.48.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Riskified from $5.50 to $6.25 and gave the company a "market perform" rating in a research note on Thursday, August 13th. Zacks Research downgraded shares of Riskified from a "hold" rating to a "strong sell" rating in a research note on Monday, October 12th. The Goldman Sachs Group upped their target price 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. DA Davidson reaffirmed a "buy" rating and set a $7.50 price target on shares of Riskified in a report on Monday, August 24th. Finally, UBS Group lifted their price target on shares of Riskified from $5.00 to $6.75 and gave the stock a "neutral" rating in a research note on Thursday, August 13th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $7.17.

Riskified Trading Up 28.0%

The business has a 50 day simple moving average of $7.76 and a two-hundred day simple moving average of $5.54. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of -99.05 and a beta of 1.34.

Riskified (NYSE:RSKD - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.02. The company had revenue of $98.69 million for the quarter, compared to analyst estimates of $89.18 million. Riskified had a negative return on equity of 3.93% and a negative net margin of 4.23%. Research analysts anticipate that Riskified Ltd. will post -0.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other Riskified news, CEO Eido Gal sold 150,000 shares of the stock in a transaction on Friday, September 4th. The shares were sold at an average price of $6.48, for a total transaction of $972,000.00. Following the transaction, the chief executive officer directly owned 5,302,917 shares in the company, valued at $34,362,902.16. This represents a 2.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Erez Shachar sold 47,651 shares of the firm's stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $6.18, for a total transaction of $294,483.18. Following the transaction, the director directly owned 3,311,623 shares of the company's stock, valued at approximately $20,465,830.14. This represents a 1.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 2,260,119 shares of company stock valued at $14,196,843. 17.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Riskified

Institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its position in shares of 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 last quarter. Russell Investments Group Ltd. bought a new stake in Riskified in the third quarter valued at about $4,915,000. Sei Investments Co. increased its holdings 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 buying an additional 166,099 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Riskified during the second quarter valued at approximately $1,505,000. Finally, Tidal Investments LLC raised its stake in 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 buying an additional 126,121 shares in the last quarter. Institutional investors and hedge funds own 58.98% of the company's stock.

Riskified Company Profile

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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