Riskified (NYSE:RSKD) Reaches New 52-Week High - Should You Buy?

Key Points

• Riskified shares reached a new 52-week high of $6.68, up from a previous close of $6.19. The stock’s average analyst price target is $6.50, with a consensus “Hold” rating despite targets ranging from $5.50 to $7.50.
• The company’s latest results met adjusted EPS expectations at $0.02 and exceeded revenue estimates, reporting $98.69 million versus the $89.18 million consensus. However, Riskified remains unprofitable, with a negative net margin and analysts forecasting a full-year loss.
• Insiders have been significant sellers, selling 6.29 million shares worth approximately $34 million over the past 90 days, while institutional investors own about 58.98% of the stock.

Riskified Ltd. (NYSE:RSKD - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $6.68 and last traded at $6.6640, with a volume of 3958558 shares. The stock had previously closed at $6.19.

Analysts Set New Price Targets

Several research firms recently commented on RSKD. UBS Group upped their price objective on Riskified from $5.00 to $6.75 and gave the company a "neutral" rating in a research note on Thursday, August 13th. Keefe, Bruyette & Woods boosted their target price on Riskified from $5.50 to $6.25 and gave the company a "market perform" rating in a research note on Thursday, August 13th. The Goldman Sachs Group upped their price target on Riskified from $4.75 to $5.50 and gave the company a "sell" rating in a research report on Wednesday, August 12th. DA Davidson reiterated a "buy" rating and set a $7.50 price target on shares of Riskified in a research note on Monday, August 24th. Finally, Wall Street Zen raised Riskified from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 30th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $6.50.

Riskified Stock Performance

The business's 50 day moving average is $5.46 and its two-hundred day moving average is $4.85. The firm has a market capitalization of $987.28 million, a PE ratio of -60.58 and a beta of 1.38.

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 the consensus estimate of $0.02. Riskified had a negative return on equity of 3.93% and a negative net margin of 4.23%.The firm had revenue of $98.69 million for the quarter, compared to the consensus estimate of $89.18 million. As a group, equities research analysts predict that Riskified Ltd. will post -0.03 EPS for the current year.

Insider Activity

In related news, Director Erez Shachar sold 435,900 shares of the company's stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $5.02, for a total value of $2,188,218.00. Following the transaction, the director directly owned 2,193,976 shares in the company, valued at approximately $11,013,759.52. This represents a 16.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Assaf Feldman sold 450,000 shares of the firm'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 transaction of $2,704,500.00. Following the completion of the sale, the insider directly owned 1,417,371 shares in the company, valued at $8,518,399.71. This represents a 24.10% 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. Over the last 90 days, insiders have sold 6,291,830 shares of company stock valued at $33,961,774. 17.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Riskified

A number of hedge funds and other institutional investors have recently bought and sold shares of RSKD. Invesco Ltd. bought a new stake in shares of Riskified in the 1st quarter worth approximately $51,000. Russell Investments Group Ltd. raised its position in Riskified by 178.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 225,468 shares of the company's stock worth $1,125,000 after purchasing an additional 144,431 shares during the period. Marshall Wace LLP purchased a new position in Riskified in the 2nd quarter worth $1,453,000. Qube Research & Technologies Ltd increased its holdings in shares of Riskified by 7.4% in the second quarter. Qube Research & Technologies Ltd now owns 271,536 shares of the company's stock worth $1,355,000 after buying an additional 18,690 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Riskified in the 2nd quarter valued at about $36,000. Hedge funds and other institutional investors own 58.98% of the company's stock.

About Riskified

Riskified is a technology company specializing in e-commerce fraud prevention and revenue optimization for online merchants. Its platform combines machine learning, behavioral analytics and proprietary risk models to assess the legitimacy of transactions in real time. By offering a chargeback guarantee, Riskified assumes the financial liability for approved orders that later turn out to be fraudulent, allowing retailers to focus on growth rather than dispute management.

The company's core product suite addresses various aspects of the online shopping lifecycle, including order approval, account takeover protection and policy compliance.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source