Riskified Ltd. (NYSE:RSKD) Given Average Rating of "Hold" by Brokerages

Key Points

• Riskified holds a consensus “Hold” rating among seven brokerages, with two sells, three holds and two buys. The average 12-month price target is $6.50, while recent targets range from $5.50 to $7.50.
• Riskified reported quarterly earnings of $0.02 per share, matching estimates, while revenue of $98.69 million exceeded the $89.18 million consensus forecast. Shares opened at $5.90, near their 52-week high of $6.61.
• Insiders sold 5.45 million shares worth approximately $28.8 million over the past 90 days, including significant sales by the CFO and another insider under pre-arranged Rule 10b5-1 plans.

Shares of Riskified Ltd. (NYSE:RSKD - Get Free Report) have been assigned an average rating of "Hold" from the seven brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $6.50.

A number of research firms recently weighed in on RSKD. The Goldman Sachs Group boosted their target price on Riskified from $4.75 to $5.50 and gave the stock a "sell" rating in a report on Wednesday, August 12th. Keefe, Bruyette & Woods raised their price target on Riskified from $5.50 to $6.25 and gave the company a "market perform" rating in a report on Thursday, August 13th. DA Davidson lifted their price objective on shares of Riskified from $6.00 to $7.50 and gave the stock a "buy" rating in a research report on Thursday, August 13th. Wall Street Zen upgraded shares of Riskified from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 30th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Riskified in a research report on Friday, August 14th.

Insider Activity at Riskified

In other news, CFO Aglika Dotcheva sold 180,000 shares of the company's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $5.95, for a total value of $1,071,000.00. Following the transaction, the chief financial officer owned 1,510,874 shares of the company's stock, valued at approximately $8,989,700.30. This represents a 10.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Assaf Feldman sold 450,000 shares of the company'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 value of $2,704,500.00. Following the completion of the transaction, the insider directly owned 1,417,371 shares in the company, valued at $8,518,399.71. The trade was a 24.10% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 5,449,960 shares of company stock worth $28,776,282. Insiders own 17.40% of the company's stock.

Institutional Trading of Riskified

Several institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its holdings in Riskified by 1.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 302,262 shares of the company's stock valued at $1,502,000 after buying an additional 2,900 shares in the last quarter. California State Teachers Retirement System lifted its holdings in shares of Riskified by 5.5% during the second quarter. California State Teachers Retirement System now owns 93,086 shares of the company's stock worth $464,000 after buying an additional 4,826 shares in the last quarter. Swiss National Bank boosted its position in shares of Riskified by 3.1% in the fourth quarter. Swiss National Bank now owns 167,513 shares of the company's stock valued at $833,000 after acquiring an additional 5,000 shares during the period. Geode Capital Management LLC boosted its position in shares of Riskified by 18.1% in the fourth quarter. Geode Capital Management LLC now owns 33,828 shares of the company's stock valued at $168,000 after acquiring an additional 5,178 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Riskified in the second quarter valued at about $36,000. 58.98% of the stock is currently owned by institutional investors.

Riskified Price Performance

Shares of RSKD stock opened at $5.90 on Friday. The company has a fifty day moving average price of $5.30 and a two-hundred day moving average price of $4.76. Riskified has a one year low of $3.70 and a one year high of $6.61. The stock has a market cap of $874.09 million, a P/E ratio of -53.64 and a beta of 1.38.

Riskified (NYSE:RSKD - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate 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 for the quarter, compared to analyst estimates of $89.18 million.

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.

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