Riskified Ltd. (NYSE:RSKD) Receives $5.66 Average PT from Brokerages

Shares of Riskified Ltd. (NYSE:RSKD) have been given an average rating of “Hold” by the eight analysts that are covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $5.66.

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

Institutional Investors Weigh In On Riskified

Hedge funds have recently modified their holdings of the company. Johnson Investment Counsel Inc. purchased a new position in Riskified during the third quarter worth about $76,000. Aigen Investment Management LP purchased a new position in Riskified during the fourth quarter worth about $84,000. Keybank National Association OH purchased a new position in Riskified during the third quarter worth about $102,000. New York State Common Retirement Fund purchased a new position in Riskified during the third quarter worth about $109,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Riskified by 41.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,082 shares of the company’s stock valued at $122,000 after purchasing an additional 7,609 shares during the period. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Riskified Price Performance

RSKD stock opened at $5.18 on Wednesday. The firm’s fifty day simple moving average is $5.05 and its 200-day simple moving average is $4.53. The company has a market capitalization of $923.44 million, a P/E ratio of -15.23 and a beta of 1.34. Riskified has a 12 month low of $3.48 and a 12 month high of $5.64.

Riskified (NYSE:RSKD) last released its quarterly earnings data on Tuesday, March 5th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.04. The business had revenue of $84.07 million for the quarter, compared to the consensus estimate of $83.87 million. Riskified had a negative net margin of 19.84% and a negative return on equity of 11.04%. As a group, sell-side analysts forecast that Riskified will post -0.18 earnings per share for the current 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.