Riskified Ltd. (NYSE:RSKD) Given Consensus Rating of “Hold” by Brokerages

Riskified Ltd. (NYSE:RSKD) has received a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $6.00.

A number of analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Keefe, Bruyette & Woods increased their price target on Riskified from $5.25 to $5.50 and gave the stock a “market perform” rating in a research note on Monday, July 13th.

Insiders Place Their Bets

In other Riskified news, Director Erez Shachar sold 435,900 shares of Riskified stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $5.02, for a total value of $2,188,218.00. Following the transaction, the director owned 2,193,976 shares in the company, valued at $11,013,759.52. This trade represents a 16.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Assaf Feldman sold 230,512 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $5.02, for a total value of $1,157,170.24. Following the sale, the chief technology officer owned 1,932,613 shares of the company’s stock, valued at approximately $9,701,717.26. The trade was a 10.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 4,277,654 shares of company stock worth $21,445,013. 17.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Riskified

A number of institutional investors have recently added to or reduced their stakes in the company. Nuveen LLC increased its stake in Riskified by 3.3% during the fourth quarter. Nuveen LLC now owns 1,476,002 shares of the company’s stock worth $7,336,000 after acquiring an additional 47,464 shares during the last quarter. Monimus Capital Management LP grew its holdings in shares of Riskified by 13.2% during the 4th quarter. Monimus Capital Management LP now owns 1,404,744 shares of the company’s stock worth $6,982,000 after purchasing an additional 164,302 shares during the period. Renaissance Technologies LLC lifted its position in Riskified by 1.7% during the first quarter. Renaissance Technologies LLC now owns 1,358,900 shares of the company’s stock valued at $5,327,000 after buying an additional 22,100 shares in the last quarter. State Street Corp grew its stake in Riskified by 11.9% during the fourth quarter. State Street Corp now owns 866,456 shares of the company’s stock worth $4,306,000 after buying an additional 92,019 shares during the period. Finally, Millennium Management LLC grew its stake in Riskified by 335.3% during the fourth quarter. Millennium Management LLC now owns 795,441 shares of the company’s stock worth $3,953,000 after buying an additional 612,719 shares during the period. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Riskified Trading Up 0.5%

NYSE:RSKD opened at $5.21 on Tuesday. The firm has a market cap of $772.60 million, a price-to-earnings ratio of -47.41 and a beta of 1.38. The company’s 50-day moving average is $5.04 and its two-hundred day moving average is $4.64. Riskified has a 12-month low of $3.70 and a 12-month high of $5.49.

Riskified (NYSE:RSKD) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. The company had revenue of $88.27 million for the quarter, compared to analysts’ expectations of $87.72 million. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%. On average, equities research analysts forecast that Riskified will post -0.01 earnings per share for the current fiscal year.

Riskified Company Profile

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.