Riskified Ltd. (RSKD) – What Are Researchers Thinking About This Stock?

Riskified Ltd. (NYSE:RSKD) has been assigned a consensus recommendation of “Reduce” from the eight ratings firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $7.17.

A number of research firms have recently issued reports on RSKD. The Goldman Sachs Group upped their target price on shares of Riskified from $5.50 to $7.50 and gave the stock a “sell” rating in a report on Tuesday, October 13th. Keefe, Bruyette & Woods upped their price target on Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a research note on Thursday, August 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a research report on Friday, August 14th. Zacks Research lowered Riskified from a “hold” rating to a “strong sell” rating in a research report on Monday, October 12th. Finally, DA Davidson reiterated a “buy” rating and issued a $7.50 price target on shares of Riskified in a research note on Monday, August 24th.

Riskified Price Performance

RSKD stock opened at $8.46 on Thursday. Riskified has a 12 month low of $3.70 and a 12 month high of $9.23. The company has a market capitalization of $1.25 billion, a P/E ratio of -76.95 and a beta of 1.34. The firm’s fifty day simple moving average is $7.72 and its 200-day simple moving average is $5.52.

Riskified (NYSE:RSKD) last posted its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. The firm had revenue of $98.69 million during the quarter, compared to analyst estimates of $89.18 million. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%. As a group, sell-side analysts forecast that Riskified will post -0.03 earnings per share for the current year.

Insider Buying and Selling at Riskified

In other news, CEO Eido Gal sold 150,000 shares of Riskified stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $6.48, for a total value of $972,000.00. Following the sale, the chief executive officer owned 5,302,917 shares of the company’s stock, valued at $34,362,902.16. The trade was a 2.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Assaf Feldman sold 43,904 shares of Riskified stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $6.51, for a total value of $285,815.04. Following the completion of the sale, the insider owned 1,167,371 shares in the company, valued at approximately $7,599,585.21. This trade represents a 3.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 2,890,119 shares of company stock valued at $17,972,343. 17.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. purchased a new position in Riskified during the third quarter worth about $4,915,000. Public Employees Retirement System of Ohio purchased a new stake in Riskified during the second quarter valued at about $1,505,000. Sei Investments Co. lifted its stake in shares of Riskified by 87.4% in the 1st quarter. Sei Investments Co. now owns 356,173 shares of the company’s stock valued at $1,396,000 after purchasing an additional 166,099 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Riskified by 142.3% during the 2nd quarter. Tidal Investments LLC now owns 214,731 shares of the company’s stock worth $1,082,000 after purchasing an additional 126,121 shares during the period. Finally, Kings Path Partners LLC acquired a new stake in Riskified during the 3rd quarter worth approximately $377,000. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Riskified Company Profile

Riskified Ltd. (NYSE: RSKD) is a technology company that provides fraud and risk-management solutions for e-commerce businesses. Its platform uses data analysis, machine learning and automated decision-making to help merchants distinguish legitimate customers from potentially fraudulent transactions while supporting online sales and customer conversion.

The company’s products are designed to address several stages of the digital commerce lifecycle, including payment approval, account protection, chargeback management and checkout optimization.