Riskified (NYSE:RSKD) Reaches New 52-Week High – Should You Buy?

Riskified Ltd. (NYSE:RSKDGet Free Report)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $6.68 and last traded at $6.6640, with a volume of 3958558 shares traded. The stock had previously closed at $6.19.

Wall Street Analysts Forecast Growth

RSKD has been the topic of several recent analyst reports. Keefe, Bruyette & Woods raised their target price on shares of Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a report on Thursday, August 13th. UBS Group upped 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. DA Davidson reissued a “buy” rating and issued a $7.50 price target on shares of Riskified in a report on Monday, August 24th. Wall Street Zen raised shares of Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Riskified in a report on Friday, August 14th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Riskified has a consensus rating of “Hold” and a consensus target price of $6.50.

Get Our Latest Stock Report on Riskified

Riskified Trading Up 7.7%

The firm has a market capitalization of $987.28 million, a P/E ratio of -60.58 and a beta of 1.38. The company’s fifty day simple moving average is $5.46 and its 200 day simple moving average is $4.85.

Riskified (NYSE:RSKDGet Free Report) last announced its earnings results on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, meeting 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 analyst estimates of $89.18 million. On average, analysts predict that Riskified Ltd. will post -0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Riskified news, insider Ravi Kumaraswami sold 65,000 shares of Riskified stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $6.24, for a total transaction of $405,600.00. Following the sale, the insider directly owned 1,616,246 shares of the company’s stock, valued at approximately $10,085,375.04. The trade was a 3.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Erez Shachar sold 167,200 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $6.30, for a total value of $1,053,360.00. Following the transaction, the director owned 1,299,683 shares in the company, valued at $8,188,002.90. This trade represents a 11.40% 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. Insiders sold 6,291,830 shares of company stock worth $33,961,774 over the last three months. Company insiders own 17.40% of the company’s stock.

Hedge Funds Weigh In On Riskified

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

About Riskified

(Get Free Report)

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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