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

Key Points

• Riskified Ltd. has received a consensus rating of "Hold" from eight research firms, with one sell rating, four hold ratings, and three buy ratings.
• The stock's average twelve-month target price is $6.0313 and it opened at $5.05 on Tuesday, reflecting a market capitalization of $813.30 million.
• In the latest quarterly earnings report, Riskified exceeded expectations with earnings of $0.03 per share and revenue of $82.39 million, up 7.9% from the same quarter last year.

Shares of Riskified Ltd. (NYSE:RSKD - Get Free Report) have received a consensus rating of "Hold" from the eight research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $6.0313.

RSKD has been the topic of a number of research reports. DA Davidson upped their price target on Riskified from $6.00 to $6.50 and gave the stock a "buy" rating in a report on Thursday, May 15th. Keefe, Bruyette & Woods upped their price target on Riskified from $5.25 to $5.50 and gave the stock a "market perform" rating in a report on Thursday, May 15th. Truist Financial upped their price target on Riskified from $7.00 to $8.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Finally, UBS Group upped their price target on Riskified from $5.50 to $5.75 and gave the stock a "neutral" rating in a report on Thursday, May 15th.

Riskified Trading Up 0.5%

NYSE RSKD opened at $5.05 on Tuesday. The stock has a market capitalization of $813.30 million, a price-to-earnings ratio of -22.93 and a beta of 1.37. The business's 50 day moving average is $5.12 and its two-hundred day moving average is $4.96. Riskified has a 12-month low of $3.94 and a 12-month high of $6.05.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RSKD. Lazard Asset Management LLC acquired a new stake in shares of Riskified during the fourth quarter valued at about $38,000. Group One Trading LLC grew its stake in shares of Riskified by 4,503.5% during the fourth quarter. Group One Trading LLC now owns 8,719 shares of the company's stock valued at $41,000 after acquiring an additional 8,917 shares in the last quarter. Invesco Ltd. acquired a new stake in shares of Riskified during the first quarter valued at about $51,000. Bayesian Capital Management LP acquired a new stake in shares of Riskified during the fourth quarter valued at about $56,000. Finally, Savant Capital LLC acquired a new stake in shares of Riskified during the second quarter valued at about $57,000. 58.98% of the stock is owned by hedge funds and other institutional investors.

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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