Riskified (NYSE:RSKD) Price Target Raised to $6.25

Key Points

• Keefe, Bruyette & Woods raised Riskified’s price target to $6.25 from $5.50 while maintaining a “market perform” rating, implying 3.39% upside from the prior close. Analysts overall rate the stock “Hold,” with an average target of $6.04.
• Riskified shares fell 4.4% to $6.04, near their 52-week high of $6.34. The company reported quarterly revenue of $98.69 million, above the $89.18 million consensus estimate, and earnings per share of $0.02 in line with expectations.
• Insiders sold 4.28 million shares worth approximately $21.45 million over the past 90 days, while institutional investors own 58.98% of the stock. Two executives’ July sales were conducted under pre-arranged Rule 10b5-1 trading plans.

Riskified (NYSE:RSKD - Get Free Report) had its target price hoisted by analysts at Keefe, Bruyette & Woods from $5.50 to $6.25 in a report released on Thursday,Benzinga reports. The firm currently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' target price points to a potential upside of 3.39% from the stock's previous close.

Several other research firms also recently weighed in on RSKD. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $5.50 price target on shares of Riskified in a research note on Wednesday. UBS Group reaffirmed a "neutral" rating on shares of Riskified in a research report on Thursday. Finally, Wall Street Zen raised Riskified from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 30th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $6.04.

Riskified Stock Down 4.4%

RSKD traded down $0.28 during trading on Thursday, hitting $6.04. The company's stock had a trading volume of 468,808 shares, compared to its average volume of 840,842. The firm has a market capitalization of $895.57 million, a P/E ratio of -55.23 and a beta of 1.38. Riskified has a twelve month low of $3.70 and a twelve month high of $6.34. The stock's fifty day moving average price is $5.11 and its 200-day moving average price is $4.67.

Riskified (NYSE:RSKD - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%. The company had revenue of $98.69 million during the quarter, compared to the consensus estimate of $89.18 million. Equities research analysts expect that Riskified will post -0.01 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Assaf Feldman sold 230,512 shares of the company's stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $5.02, for a total value of $1,157,170.24. Following the sale, the chief technology officer owned 1,932,613 shares in the company, valued at $9,701,717.26. This represents a 10.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Erez Shachar sold 435,900 shares of the firm's stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $5.02, for a total transaction of $2,188,218.00. Following the completion of the transaction, the director directly owned 2,193,976 shares in the company, valued at approximately $11,013,759.52. The trade was a 16.57% 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. Insiders sold 4,277,654 shares of company stock worth $21,445,013 over the last ninety days. Insiders own 17.40% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Millennium Management LLC lifted its position in shares of Riskified by 335.3% during the 4th quarter. Millennium Management LLC now owns 795,441 shares of the company's stock worth $3,953,000 after buying an additional 612,719 shares in the last quarter. Anson Funds Management LP grew its holdings in shares of Riskified by 136.0% in the fourth quarter. Anson Funds Management LP now owns 633,746 shares of the company's stock valued at $3,150,000 after acquiring an additional 365,254 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Riskified during the second quarter valued at approximately $1,453,000. Trexquant Investment LP lifted its holdings in Riskified by 298.2% during the fourth quarter. Trexquant Investment LP now owns 311,449 shares of the company's stock worth $1,548,000 after acquiring an additional 233,242 shares during the period. Finally, Nano Cap New Millennium Growth Fund L P purchased a new position in Riskified in the fourth quarter worth $1,019,000. Hedge funds and other institutional investors own 58.98% of the company's stock.

Riskified Company Profile

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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