Riskified Ltd. (NYSE:RSKD) Given Average Rating of “Hold” by Analysts

Shares of Riskified Ltd. (NYSE:RSKD) have been assigned an average rating of “Hold” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $5.66.

A number of research analysts have recently weighed in on the company. Piper Sandler reissued an “overweight” rating and issued a $7.00 price target on shares of Riskified in a research note on Friday, April 12th. Keefe, Bruyette & Woods assumed coverage on Riskified in a research note on Tuesday, April 9th. They issued a “market perform” rating and a $5.75 price target on the stock. DA Davidson reissued a “neutral” rating and issued a $5.00 price target on shares of Riskified in a research note on Wednesday, March 6th. Finally, The Goldman Sachs Group increased their price target on Riskified from $4.50 to $5.00 and gave the company a “neutral” rating in a research note on Wednesday, March 6th.

Institutional Trading of Riskified

Hedge funds have recently added to or reduced their stakes in the business. Johnson Investment Counsel Inc. acquired a new stake in Riskified during the 3rd quarter worth $76,000. Aigen Investment Management LP acquired a new stake in Riskified during the 4th quarter worth $84,000. Keybank National Association OH acquired a new stake in Riskified during the 3rd quarter worth $102,000. New York State Common Retirement Fund acquired a new stake in Riskified during the 3rd quarter worth $109,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Riskified by 41.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,082 shares of the company’s stock worth $122,000 after buying an additional 7,609 shares during the period. Institutional investors and hedge funds own 58.98% of the company’s stock.

Riskified Stock Performance

NYSE:RSKD opened at $5.15 on Wednesday. The stock’s fifty day moving average price is $5.08 and its two-hundred day moving average price is $4.56. Riskified has a 52-week low of $3.48 and a 52-week high of $5.64. The company has a market cap of $917.20 million, a price-to-earnings ratio of -15.13 and a beta of 1.34.

Riskified (NYSE:RSKD) last posted its quarterly earnings data on Tuesday, March 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.04. Riskified had a negative return on equity of 11.04% and a negative net margin of 19.84%. The firm had revenue of $84.07 million for the quarter, compared to the consensus estimate of $83.87 million. On average, equities analysts predict that Riskified will post -0.18 EPS for the current fiscal year.

About Riskified

Riskified Ltd., together with its subsidiaries, develops and offers an e-commerce risk management platform that allows online merchants to create trusted relationships with consumers in the United States, Europe, the Middle East, Africa, the Asia-Pacific, and the Americas. It offers Chargeback Guarantee that ensures the legitimacy of merchants' online orders; Policy Protect, a machine learning solution designed to detect and prevent refund and returns policy abuse in real-time; Account Secure, a solution that cross-checks every login attempt; Dispute Resolve, which is used to compile submissions for fraud and non-fraud related chargeback issues; and PSD2 Optimize that helps merchants avoid bank authorization failures and abandoned shopping carts.