Riskified Ltd. (NYSE:RSKD – Get Free Report) has been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $6.00.
A number of brokerages have issued reports on RSKD. Keefe, Bruyette & Woods raised their target price on shares of Riskified from $5.25 to $5.50 and gave the company a “market perform” rating in a report on Monday, July 13th. Wall Street Zen raised shares of Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th.
Read Our Latest Analysis on RSKD
Riskified Stock Performance
Riskified (NYSE:RSKD – Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. Riskified had a negative return on equity of 3.91% and a negative net margin of 5.17%.The business had revenue of $88.27 million during the quarter, compared to the consensus estimate of $87.72 million. On average, research analysts predict that Riskified will post -0.01 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Riskified news, CTO Assaf Feldman sold 230,512 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $5.02, for a total transaction of $1,157,170.24. Following the completion of the transaction, the chief technology officer directly owned 1,932,613 shares in the company, valued at $9,701,717.26. The trade was a 10.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Erez Shachar sold 435,900 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 $2,188,218.00. Following the sale, the director owned 2,193,976 shares of the company’s stock, valued at $11,013,759.52. The trade was a 16.57% 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. Insiders sold 4,277,654 shares of company stock worth $21,445,013 over the last three months. 17.40% of the stock is currently owned by insiders.
Institutional Trading of Riskified
Several institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio boosted its stake in Riskified by 1.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 302,262 shares of the company’s stock valued at $1,502,000 after buying an additional 2,900 shares in the last quarter. California State Teachers Retirement System raised its stake in Riskified by 5.5% during the second quarter. California State Teachers Retirement System now owns 93,086 shares of the company’s stock worth $464,000 after acquiring an additional 4,826 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Riskified by 3.1% in the fourth quarter. Swiss National Bank now owns 167,513 shares of the company’s stock worth $833,000 after acquiring an additional 5,000 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Riskified by 18.1% in the fourth quarter. Geode Capital Management LLC now owns 33,828 shares of the company’s stock worth $168,000 after acquiring an additional 5,178 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Riskified in the 2nd quarter valued at approximately $36,000. 58.98% of the stock is currently owned by institutional investors.
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.
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