Riskified (NYSE:RSKD) Sets New 1-Year High - What's Next?

Key Points

• Riskified shares reached a new 52-week high of $8.78, trading near $8.58, while remaining above their 50-day and 200-day moving averages.
• Analyst sentiment remains mixed: the stock has an average “Hold” rating and a $6.83 price target, despite Truist raising its target to $9.00 and maintaining a “Buy” rating.
• Riskified met quarterly EPS expectations at $0.02 and exceeded revenue estimates with $98.69 million, but insiders have sold nearly 2.95 million shares worth $18.05 million over the past 90 days.

Riskified Ltd. (NYSE:RSKD - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday. The stock traded as high as $8.78 and last traded at $8.5760, with a volume of 3,429,889 shares. The stock had previously closed at $8.53.

Analyst Upgrades and Downgrades

Several analysts have recently commented on RSKD shares. UBS Group increased 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. Truist Financial boosted their price target on shares of Riskified from $7.50 to $9.00 and gave the stock a "buy" rating in a report on Monday, September 28th. DA Davidson restated a "buy" rating and set a $7.50 price target on shares of Riskified in a report on Monday, August 24th. Keefe, Bruyette & Woods upped their price objective on shares of Riskified from $5.50 to $6.25 and gave the stock a "market perform" rating in a research report on Thursday, August 13th. Finally, The Goldman Sachs Group increased their price objective on shares of Riskified from $4.75 to $5.50 and gave the company a "sell" rating in a research note on Wednesday, August 12th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $6.83.

Riskified Stock Up 0.5%

The company has a market cap of $1.27 billion, a P/E ratio of -77.96 and a beta of 1.25. The company's 50-day moving average is $6.60 and its two-hundred day moving average is $5.40.

Riskified (NYSE:RSKD - Get Free Report) last posted 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 net margin of 4.23% and a negative return on equity of 3.93%. The business had revenue of $98.69 million during the quarter, compared to the consensus estimate of $89.18 million. On average, analysts anticipate that Riskified Ltd. will post -0.03 EPS for the current fiscal year.

Insider Transactions at Riskified

In related news, insider Assaf Feldman sold 450,000 shares of the company's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $6.01, for a total value of $2,704,500.00. Following the transaction, the insider owned 1,417,371 shares in the company, valued at approximately $8,518,399.71. This represents a 24.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $972,000.00. Following the transaction, the chief executive officer directly owned 5,302,917 shares of the company's stock, valued at approximately $34,362,902.16. This trade represents a 2.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 2,945,014 shares of company stock worth $18,047,438 in the last ninety days. Company insiders own 17.40% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RSKD. Modern Wealth Management LLC bought a new stake in Riskified in the 1st quarter valued at about $56,000. R Squared Ltd lifted its holdings 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 purchasing an additional 7,257 shares during the last quarter. 9823 Capital L.P. bought a new position in Riskified during the fourth quarter worth about $182,000. Engineers Gate Manager LP boosted its position 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 purchasing an additional 7,799 shares during the period. Finally, State of Wyoming boosted its position in Riskified by 16.4% during the first quarter. State of Wyoming now owns 107,785 shares of the company's stock worth $423,000 after purchasing an additional 15,195 shares during the period. Hedge funds and other institutional investors own 58.98% of the company's stock.

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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