Riskified Ltd. (NYSE:RSKD) Given Consensus Recommendation of “Hold” by Analysts

Shares of Riskified Ltd. (NYSE:RSKD) have earned an average rating of “Hold” from the eight research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $6.03.

RSKD has been the subject of a number of recent analyst reports. Truist Financial dropped their price target on shares of Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. DA Davidson upgraded Riskified to a “hold” rating in a research report on Wednesday, September 11th. UBS Group lowered their price target on Riskified from $6.00 to $4.75 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Barclays dropped their price target on Riskified from $6.00 to $5.00 and set an “equal weight” rating for the company in a research note on Friday, August 16th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Riskified from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th.

Institutional Trading of Riskified

Several hedge funds have recently modified their holdings of the company. Tocqueville Asset Management L.P. increased its position in Riskified by 19.3% in the first quarter. Tocqueville Asset Management L.P. now owns 526,000 shares of the company’s stock worth $2,846,000 after purchasing an additional 85,000 shares during the last quarter. Invenomic Capital Management LP increased its holdings in shares of Riskified by 29.7% in the 1st quarter. Invenomic Capital Management LP now owns 763,203 shares of the company’s stock worth $4,129,000 after buying an additional 174,953 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of Riskified during the 1st quarter valued at about $547,000. Clearline Capital LP lifted its holdings in shares of Riskified by 19.4% in the 2nd quarter. Clearline Capital LP now owns 1,680,228 shares of the company’s stock valued at $10,737,000 after acquiring an additional 272,760 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in Riskified in the first quarter worth about $219,000. 58.98% of the stock is owned by hedge funds and other institutional investors.

Riskified Price Performance

Shares of RSKD stock opened at $4.63 on Wednesday. The company has a market cap of $825.41 million, a price-to-earnings ratio of -14.94 and a beta of 1.36. Riskified has a 1 year low of $3.48 and a 1 year high of $6.64. The firm has a fifty day moving average price of $4.85 and a 200-day moving average price of $5.49.

Riskified (NYSE:RSKD) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.02. Riskified had a negative return on equity of 8.33% and a negative net margin of 14.57%. The business had revenue of $78.73 million during the quarter, compared to analyst estimates of $78.33 million. Equities research analysts expect that Riskified will post -0.17 EPS for the current 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.