Riskified Ltd. (NYSE:RSKD) Receives Average Rating of "Hold" from Brokerages

Shares of Riskified Ltd. (NYSE:RSKD - Get Free Report) have been given an average rating of "Hold" by the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $6.03.

A number of research firms have recently issued reports on RSKD. Piper Sandler reissued an "overweight" rating and set a $7.00 price target on shares of Riskified in a research report on Monday, March 17th. UBS Group boosted their price target on Riskified from $5.50 to $5.75 and gave the stock a "neutral" rating in a research report on Thursday, May 15th. The Goldman Sachs Group boosted their price target on Riskified from $4.00 to $4.50 and gave the stock a "sell" rating in a research report on Thursday, March 6th. Truist Financial boosted their price target on Riskified from $7.00 to $8.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, DA Davidson boosted their price target on Riskified from $6.00 to $6.50 and gave the stock a "buy" rating in a research report on Thursday, May 15th.

Riskified Trading Down 0.1%

NYSE:RSKD opened at $4.96 on Monday. The stock has a market capitalization of $798.80 million, a P/E ratio of -22.52 and a beta of 1.38. The stock has a 50-day moving average price of $4.82 and a 200 day moving average price of $4.89. Riskified has a 12-month low of $3.94 and a 12-month high of $6.65.

Riskified (NYSE:RSKD - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.02. Riskified had a negative return on equity of 7.42% and a negative net margin of 11.15%. The business had revenue of $82.39 million for the quarter, compared to the consensus estimate of $79.23 million. During the same quarter in the prior year, the company earned $0.04 EPS. The business's revenue was up 7.9% compared to the same quarter last year. On average, research analysts predict that Riskified will post -0.15 earnings per share for the current fiscal year.

Institutional Trading of Riskified

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Clearline Capital LP grew its holdings in Riskified by 37.3% during the first quarter. Clearline Capital LP now owns 2,453,506 shares of the company's stock worth $11,335,000 after acquiring an additional 666,175 shares during the period. Renaissance Technologies LLC raised its stake in shares of Riskified by 2.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,181,400 shares of the company's stock worth $5,588,000 after buying an additional 26,200 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Riskified by 5.3% during the 4th quarter. JPMorgan Chase & Co. now owns 921,811 shares of the company's stock worth $4,360,000 after buying an additional 46,088 shares during the period. Invenomic Capital Management LP raised its stake in shares of Riskified by 14.0% during the 4th quarter. Invenomic Capital Management LP now owns 880,786 shares of the company's stock worth $4,166,000 after buying an additional 108,266 shares during the period. Finally, TFJ Management LLC acquired a new position in shares of Riskified during the 1st quarter worth approximately $3,615,000. 58.98% of the stock is owned by institutional investors and hedge funds.

Riskified Company Profile

Riskified Ltd., together with its subsidiaries, develops and offers an e-commerce risk management platform that allows online merchants to create trusted relationships with consumers in the United States, Europe, the Middle East, Africa, the Asia-Pacific, and the Americas. It offers Chargeback Guarantee that ensures the legitimacy of merchants' online orders; Policy Protect, a machine learning solution designed to detect and prevent refund and returns policy abuse in real-time; Account Secure, a solution that cross-checks every login attempt; Dispute Resolve, which is used to compile submissions for fraud and non-fraud related chargeback issues; and PSD2 Optimize that helps merchants avoid bank authorization failures and abandoned shopping carts.

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