Riskified (NYSE:RSKD) Reaches New 1-Year High – What’s Next?

Riskified Ltd. (NYSE:RSKD) shares hit a new 52-week high on Tuesday. The stock traded as high as $8.80 and last traded at $8.7650, with a volume of 736,673 shares. The stock had previously closed at $8.34.

Analysts Set New Price Targets

Several brokerages recently issued reports on RSKD. UBS Group boosted their price target on Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a research report on Thursday, August 13th. Keefe, Bruyette & Woods increased their price objective on Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research report on Thursday, August 13th. DA Davidson reaffirmed a “buy” rating and set a $7.50 price objective on shares of Riskified in a research report on Monday, August 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Riskified in a research note on Friday, August 14th. Finally, Zacks Research downgraded Riskified from a “hold” rating to a “strong sell” rating in a research note on Monday, October 12th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Riskified presently has a consensus rating of “Reduce” and an average target price of $7.17.

Riskified Price Performance

The company’s 50 day moving average is $6.92 and its 200 day moving average is $5.56. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of -79.86 and a beta of 1.25.

Riskified (NYSE:RSKD) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%. The firm had revenue of $98.69 million for the quarter, compared to the consensus estimate of $89.18 million. Sell-side analysts predict that Riskified Ltd. will post -0.03 earnings per share for the current year.

Insider Activity at Riskified

In other news, CTO Avi Shauli sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $6.44, for a total transaction of $193,200.00. Following the sale, the chief technology officer owned 485,625 shares of the company’s stock, valued at $3,127,425. The trade was a 5.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Assaf Feldman sold 43,904 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was 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 represents a 3.62% decrease in their position. 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 90 days, insiders sold 2,895,705 shares of company stock worth $18,001,670. 17.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Riskified

Several hedge funds and other institutional investors have recently bought and sold shares of RSKD. State of Alaska Department of Revenue purchased a new stake in Riskified during the third quarter worth $41,000. Tidal Investments LLC grew its holdings in Riskified by 142.3% in the second quarter. Tidal Investments LLC now owns 214,731 shares of the company’s stock valued at $1,082,000 after purchasing an additional 126,121 shares during the last quarter. Engineers Gate Manager LP grew 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 purchasing an additional 7,799 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Riskified in the second quarter valued at $1,505,000. Finally, Renaissance Technologies LLC increased its position in shares of Riskified by 1.7% in 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. 58.98% of the stock is owned by institutional investors and hedge funds.

Riskified Company Profile

Riskified Ltd. is a technology company that provides fraud and risk-management solutions for e-commerce merchants. Its platform uses data analytics, machine learning and behavioral insights to help online businesses distinguish legitimate customers from fraudulent activity while reducing friction during the purchasing process.

The company’s products are designed to address risks across the digital commerce lifecycle, including payment fraud, chargebacks, account takeover, policy abuse and other forms of customer or transaction abuse.