Riskified Ltd. (NYSE:RSKD) Receives $6.03 Consensus Target Price from Analysts

Riskified Ltd. (NYSE:RSKD - Get Free Report) has earned a consensus rating of "Hold" from the eight brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $6.03.

Several equities research analysts have commented on the company. Truist Financial cut their price objective on Riskified from $8.00 to $7.00 and set a "buy" rating for the company in a research note on Thursday, August 15th. JPMorgan Chase & Co. lifted their target price on shares of Riskified from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 20th. The Goldman Sachs Group decreased their price target on shares of Riskified from $6.00 to $4.50 and set a "sell" rating on the stock in a research note on Thursday, August 15th. DA Davidson raised shares of Riskified to a "hold" rating in a research note on Wednesday, September 11th. Finally, UBS Group cut their price objective on shares of Riskified from $6.00 to $4.75 and set a "neutral" rating for the company in a report on Thursday, August 15th.

Riskified Stock Performance

Shares of NYSE:RSKD traded down $0.06 during midday trading on Wednesday, reaching $4.57. 277,662 shares of the company's stock traded hands, compared to its average volume of 675,041. The company has a market cap of $814.72 million, a P/E ratio of -14.97 and a beta of 1.36. The company has a fifty day simple moving average of $4.85 and a two-hundred day simple moving average of $5.49. Riskified has a 1 year low of $3.54 and a 1 year high of $6.64.

Riskified (NYSE:RSKD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.02. The business had revenue of $78.73 million for the quarter, compared to the consensus estimate of $78.33 million. Riskified had a negative net margin of 14.57% and a negative return on equity of 8.33%. As a group, research analysts forecast that Riskified will post -0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new position in shares of Riskified in the 2nd quarter valued at $29,000. Covestor Ltd lifted its position in Riskified by 2,522.7% in the first quarter. Covestor Ltd now owns 7,842 shares of the company's stock valued at $43,000 after buying an additional 7,543 shares during the last quarter. Valmark Advisers Inc. acquired a new position in Riskified in the second quarter valued at about $104,000. Squarepoint Ops LLC purchased a new position in Riskified during the second quarter worth about $163,000. Finally, State of New Jersey Common Pension Fund D acquired a new stake in shares of Riskified during the second quarter valued at about $208,000. 58.98% of the stock is currently owned by hedge funds and other institutional investors.

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.