Riskified Ltd. (NYSE:RSKD) Receives Average Recommendation of “Hold” from Brokerages

Riskified Ltd. (NYSE:RSKD) has been assigned an average rating of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $5.66.

A number of equities analysts recently commented on RSKD shares. Piper Sandler reaffirmed an “overweight” rating and set a $7.00 price target on shares of Riskified in a research report on Friday, April 12th. DA Davidson reiterated a “neutral” rating and issued a $5.00 price target on shares of Riskified in a research note on Wednesday, March 6th. Keefe, Bruyette & Woods initiated coverage on Riskified in a research report on Tuesday, April 9th. They set a “market perform” rating and a $5.75 price target on the stock. Finally, The Goldman Sachs Group upped their target price on Riskified from $4.50 to $5.00 and gave the company a “neutral” rating in a research report on Wednesday, March 6th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Capital World Investors grew its holdings in shares of Riskified by 6.3% during the 4th quarter. Capital World Investors now owns 9,774,367 shares of the company’s stock valued at $45,744,000 after purchasing an additional 580,000 shares during the last quarter. Rubric Capital Management LP grew its stake in shares of Riskified by 159.2% during the fourth quarter. Rubric Capital Management LP now owns 4,173,636 shares of the company’s stock worth $19,533,000 after buying an additional 2,563,384 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Riskified by 78.6% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,826,923 shares of the company’s stock worth $16,390,000 after buying an additional 1,684,202 shares during the last quarter. Jennison Associates LLC bought a new position in shares of Riskified in the 3rd quarter valued at $7,805,000. Finally, Formation8 GP LLC acquired a new stake in shares of Riskified during the 4th quarter valued at $7,949,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

Riskified Stock Up 3.3 %

Riskified stock opened at $5.08 on Wednesday. Riskified has a twelve month low of $3.48 and a twelve month high of $5.64. The company’s 50-day moving average price is $5.02 and its two-hundred day moving average price is $4.52. The stock has a market cap of $905.61 million, a P/E ratio of -14.94 and a beta of 1.34.

Riskified (NYSE:RSKD) last released its quarterly earnings results on Tuesday, March 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. The business had revenue of $84.07 million during the quarter, compared to the consensus estimate of $83.87 million. Riskified had a negative return on equity of 11.04% and a negative net margin of 19.84%. Equities analysts anticipate that Riskified will post -0.18 earnings per share 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.