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

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

Several equities research analysts have recently weighed in on the company. DA Davidson increased their price objective on Riskified from $6.00 to $6.50 and gave the company a "buy" rating in a research report on Thursday, May 15th. Keefe, Bruyette & Woods raised their target price on Riskified from $5.25 to $5.50 and gave the stock a "market perform" rating in a research report on Thursday, May 15th. Truist Financial raised their target price on Riskified from $7.00 to $8.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, UBS Group raised their target price on Riskified from $5.50 to $5.75 and gave the stock a "neutral" rating in a research report on Thursday, May 15th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Clearline Capital LP raised its stake 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 in the last quarter. Renaissance Technologies LLC raised its stake in Riskified by 2.3% during the fourth quarter. Renaissance Technologies LLC now owns 1,181,400 shares of the company's stock worth $5,588,000 after acquiring an additional 26,200 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Riskified by 5.3% during the fourth quarter. JPMorgan Chase & Co. now owns 921,811 shares of the company's stock worth $4,360,000 after acquiring an additional 46,088 shares in the last quarter. Invenomic Capital Management LP increased its stake in shares of Riskified by 14.0% in the fourth quarter. Invenomic Capital Management LP now owns 880,786 shares of the company's stock valued at $4,166,000 after buying an additional 108,266 shares in the last quarter. Finally, TFJ Management LLC acquired a new stake in shares of Riskified in the first quarter valued at $3,615,000. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Riskified Stock Performance

Shares of RSKD traded up $0.03 during mid-day trading on Friday, hitting $5.31. The company's stock had a trading volume of 404,357 shares, compared to its average volume of 560,894. Riskified has a one year low of $3.94 and a one year high of $6.49. The firm has a market capitalization of $856.03 million, a PE ratio of -24.14 and a beta of 1.36. The stock's 50-day moving average is $5.03 and its two-hundred day moving average is $4.92.

Riskified (NYSE:RSKD - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $82.39 million during the quarter, compared to analysts' expectations of $79.23 million. During the same period in the prior year, the business earned $0.04 earnings per share. Riskified's revenue for the quarter was up 7.9% compared to the same quarter last year. Analysts expect that Riskified will post -0.15 EPS for the current fiscal year.

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.