Riskified Ltd. (NYSE:RSKD) Receives Consensus Rating of “Hold” from Brokerages

Riskified Ltd. (NYSE:RSKD) has received a consensus rating of “Hold” from the eight ratings firms that are covering the stock, MarketBeat reports. One research 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 1-year target price among analysts that have issued a report on the stock in the last year is $6.03.

RSKD has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Riskified from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. 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. UBS Group reduced their price objective on Riskified from $6.00 to $4.75 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. DA Davidson raised shares of Riskified to a “hold” rating in a research report on Wednesday, September 11th. Finally, The Goldman Sachs Group dropped their target price on Riskified from $6.00 to $4.50 and set a “sell” rating on the stock in a report on Thursday, August 15th.

Riskified Trading Down 1.5 %

NYSE RSKD opened at $4.53 on Wednesday. The business’s 50-day moving average price is $4.77 and its 200 day moving average price is $5.47. Riskified has a twelve month low of $3.54 and a twelve month high of $6.64. The company has a market capitalization of $807.59 million, a PE ratio of -14.61 and a beta of 1.36.

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

Hedge Funds Weigh In On Riskified

A number of institutional investors have recently made changes to their positions in the business. Algert Global LLC increased its stake in shares of Riskified by 7.1% in the second quarter. Algert Global LLC now owns 43,324 shares of the company’s stock worth $277,000 after buying an additional 2,854 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Riskified in the 2nd quarter worth about $29,000. Quadrature Capital Ltd raised its stake in shares of Riskified by 16.7% in the 1st quarter. Quadrature Capital Ltd now owns 50,357 shares of the company’s stock valued at $272,000 after purchasing an additional 7,200 shares in the last quarter. Covestor Ltd lifted its holdings in Riskified by 2,522.7% during the 1st quarter. Covestor Ltd now owns 7,842 shares of the company’s stock worth $43,000 after buying an additional 7,543 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Riskified by 0.9% in the 1st quarter. Acadian Asset Management LLC now owns 879,179 shares of the company’s stock worth $4,743,000 after acquiring an additional 7,644 shares in the last quarter. 58.98% of the stock is owned by institutional investors and hedge funds.

About Riskified

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.