Riskified (NYSE:RSKD) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Riskified (NYSE:RSKD) had its price objective hoisted by Keefe, Bruyette & Woods from $5.50 to $6.25 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 3.39% from the stock’s current price.

Other analysts have also issued reports about the company. The Goldman Sachs Group restated a “sell” rating and issued a $5.50 target price on shares of Riskified in a research note on Wednesday. UBS Group reissued a “neutral” rating on shares of Riskified in a report on Thursday. Finally, Wall Street Zen upgraded Riskified from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $6.04.

Riskified Stock Performance

RSKD stock traded down $0.28 during mid-day trading on Thursday, hitting $6.04. The company had a trading volume of 468,808 shares, compared to its average volume of 840,842. The firm has a market cap of $895.57 million, a PE ratio of -55.23 and a beta of 1.38. Riskified has a 12 month low of $3.70 and a 12 month high of $6.34. The stock’s fifty day moving average price is $5.11 and its two-hundred day moving average price is $4.67.

Riskified (NYSE:RSKD) last released its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%. The firm had revenue of $98.69 million during the quarter, compared to the consensus estimate of $89.18 million. Equities analysts anticipate that Riskified will post -0.01 earnings per share for the current year.

Insider Activity

In other news, Director Erez Shachar sold 5,586 shares of the firm’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $5.25, for a total value of $29,326.50. Following the completion of the transaction, the director directly owned 1,168,795 shares of the company’s stock, valued at $6,136,173.75. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 4,277,654 shares of company stock worth $21,445,013 in the last quarter. Corporate insiders own 17.40% of the company’s stock.

Institutional Trading of Riskified

A number of institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio boosted its holdings in shares of Riskified by 1.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 302,262 shares of the company’s stock valued at $1,502,000 after purchasing an additional 2,900 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Riskified by 5.5% in the second quarter. California State Teachers Retirement System now owns 93,086 shares of the company’s stock valued at $464,000 after acquiring an additional 4,826 shares during the period. Swiss National Bank lifted its holdings in shares of Riskified by 3.1% in the 4th quarter. Swiss National Bank now owns 167,513 shares of the company’s stock worth $833,000 after acquiring an additional 5,000 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Riskified by 18.1% in the 4th quarter. Geode Capital Management LLC now owns 33,828 shares of the company’s stock worth $168,000 after acquiring an additional 5,178 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Riskified during the 2nd quarter worth about $36,000. Hedge funds and other institutional investors own 58.98% of the company’s stock.

About Riskified

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.