Riskified (NYSE:RSKD) Trading 7.6% Higher – Time to Buy?

Riskified Ltd. (NYSE:RSKD) was up 7.6% during trading on Tuesday . The company traded as high as $6.81 and last traded at $6.83. Approximately 3,562,063 shares changed hands during trading, an increase of 254% from the average daily volume of 1,006,210 shares. The stock had previously closed at $6.35.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. UBS Group lifted their price target on shares of Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a report on Thursday, August 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Riskified in a report on Friday, August 14th. The Goldman Sachs Group upped their price target on Riskified from $4.75 to $5.50 and gave the stock a “sell” rating in a research note on Wednesday, August 12th. DA Davidson restated a “buy” rating and issued a $7.50 price objective on shares of Riskified in a report on Monday, August 24th. Finally, Keefe, Bruyette & Woods lifted their price objective on Riskified from $5.50 to $6.25 and gave the company a “market perform” rating in a research note on Thursday, August 13th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $6.50.

Riskified Stock Performance

The stock has a fifty day simple moving average of $5.80 and a two-hundred day simple moving average of $5.03. The stock has a market cap of $1.02 billion, a PE ratio of -62.33 and a beta of 1.38.

Riskified (NYSE:RSKD) last announced 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 business had revenue of $98.69 million during the quarter, compared to the consensus estimate of $89.18 million. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%. On average, equities analysts predict that Riskified Ltd. will post -0.03 EPS for the current fiscal year.

Insider Buying and Selling at Riskified

In related news, Director Erez Shachar sold 47,651 shares of Riskified stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $6.18, for a total value of $294,483.18. Following the completion of the sale, the director owned 3,311,623 shares in the company, valued at approximately $20,465,830.14. The trade was a 1.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ravi Kumaraswami sold 65,000 shares of the stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $6.18, for a total transaction of $401,700.00. Following the transaction, the insider owned 1,551,246 shares in the company, valued at $9,586,700.28. This trade represents a 4.02% 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 5,671,785 shares of company stock valued at $31,848,988. Corporate insiders own 17.40% of the company’s stock.

Institutional Trading of Riskified

Several institutional investors have recently added to or reduced their stakes in the business. R Squared Ltd raised its position in shares of Riskified by 57.8% during the first quarter. R Squared Ltd now owns 19,813 shares of the company’s stock worth $78,000 after acquiring an additional 7,257 shares during the last quarter. Engineers Gate Manager LP boosted its holdings in Riskified by 13.7% in the second quarter. Engineers Gate Manager LP now owns 64,591 shares of the company’s stock valued at $326,000 after acquiring an additional 7,799 shares during the last quarter. T3 Companies LLC bought a new position in Riskified in the fourth quarter valued at about $54,000. Modern Wealth Management LLC acquired a new stake in Riskified in the first quarter worth about $56,000. Finally, State of Wyoming raised its holdings in Riskified by 16.4% during the 1st quarter. State of Wyoming now owns 107,785 shares of the company’s stock worth $423,000 after purchasing an additional 15,195 shares during the last quarter. Institutional investors own 58.98% of the company’s stock.

Riskified Company Profile

Riskified Ltd. is a technology company that provides fraud and risk-management solutions for e-commerce businesses. Its platform uses data analytics, machine learning and network insights to help merchants distinguish legitimate customers from fraudulent transactions, reduce payment-related losses and improve the online shopping experience.

The company’s product offerings include solutions designed to protect merchants from chargebacks, identify and prevent policy abuse, secure customer accounts and support payment approval decisions.