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

Shares of Riskified Ltd. (NYSE:RSKD - Get Free Report) have received an average rating of "Hold" from the eight brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $6.03.

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

Riskified Stock Performance

Shares of Riskified stock traded up $0.28 during trading on Friday, hitting $5.61. The company's stock had a trading volume of 847,734 shares, compared to its average volume of 562,211. The company has a fifty day simple moving average of $5.04 and a two-hundred day simple moving average of $4.93. The company has a market capitalization of $903.58 million, a PE ratio of -25.48 and a beta of 1.36. Riskified has a 52 week low of $3.94 and a 52 week high of $6.49.

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

Institutional Trading of Riskified

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Clearline Capital LP grew its position in Riskified by 37.3% during the 1st 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 last quarter. Alta Fox Capital Management LLC acquired a new position in shares of Riskified in the 1st quarter valued at $3,498,000. Cubist Systematic Strategies LLC raised its stake in Riskified by 767.7% during the 1st quarter. Cubist Systematic Strategies LLC now owns 136,287 shares of the company's stock worth $630,000 after buying an additional 120,581 shares during the period. Trexquant Investment LP increased its holdings in Riskified by 4.3% during the 1st quarter. Trexquant Investment LP now owns 336,666 shares of the company's stock worth $1,555,000 after purchasing an additional 13,994 shares in the last quarter. Finally, Penn Capital Management Company LLC bought a new position in Riskified during the 1st quarter worth about $1,006,000. Institutional investors and hedge funds own 58.98% of the company's stock.

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.