Riskified Ltd. (NYSE:RSKD) Given Consensus Recommendation of "Hold" by Analysts

Shares of Riskified Ltd. (NYSE:RSKD - Get Free Report) have earned a consensus recommendation of "Hold" from the eight analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $6.03.

Several research firms recently commented on RSKD. JPMorgan Chase & Co. raised their price target 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 dropped their target price on shares of Riskified from $6.00 to $4.50 and set a "sell" rating on the stock in a report on Thursday, August 15th. Truist Financial dropped their target price on shares of Riskified from $8.00 to $7.00 and set a "buy" rating on the stock in a report on Thursday, August 15th. DA Davidson upgraded shares of Riskified to a "hold" rating in a report on Wednesday, September 11th. Finally, UBS Group dropped their target price on shares of Riskified from $6.00 to $4.75 and set a "neutral" rating on the stock in a report on Thursday, August 15th.

Riskified Stock Down 2.5 %

Shares of RSKD traded down $0.12 during mid-day trading on Friday, hitting $4.60. 286,996 shares of the company traded hands, compared to its average volume of 331,888. The stock has a 50-day moving average price of $4.63 and a two-hundred day moving average price of $5.41. Riskified has a 1 year low of $3.75 and a 1 year high of $6.64.

Riskified (NYSE:RSKD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.02. The company 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%. Equities research analysts forecast that Riskified will post -0.17 earnings per share for the current year.

Institutional Trading of Riskified

Large investors have recently bought and sold shares of the stock. Swiss National Bank grew its holdings in shares of Riskified by 7.1% during the first quarter. Swiss National Bank now owns 183,213 shares of the company's stock valued at $991,000 after buying an additional 12,200 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Riskified during the first quarter valued at $343,000. Russell Investments Group Ltd. purchased a new stake in shares of Riskified during the first quarter valued at $219,000. Lord Abbett & CO. LLC purchased a new stake in shares of Riskified during the first quarter valued at $204,000. Finally, Tocqueville Asset Management L.P. grew its holdings in shares of Riskified by 19.3% during the first quarter. Tocqueville Asset Management L.P. now owns 526,000 shares of the company's stock valued at $2,846,000 after buying an additional 85,000 shares during the last quarter. Hedge funds and other institutional investors own 58.98% of the company's stock.

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.