Riskified Ltd. (NYSE:RSKD – Get Rating) has been assigned an average recommendation of "Moderate Buy" from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $7.50.
Several brokerages have recently weighed in on RSKD. The Goldman Sachs Group upped their price objective on Riskified from $4.50 to $5.00 and gave the company a "sell" rating in a report on Thursday, August 11th. KeyCorp reduced their price objective on shares of Riskified from $7.00 to $6.00 and set an "overweight" rating for the company in a research report on Thursday, July 7th. Barclays dropped their target price on shares of Riskified from $7.00 to $6.00 and set an "overweight" rating on the stock in a report on Monday. Credit Suisse Group reduced their target price on shares of Riskified from $8.50 to $8.00 and set an "outperform" rating for the company in a report on Thursday, August 11th. Finally, Piper Sandler increased their price objective on Riskified from $5.00 to $6.00 and gave the company a "neutral" rating in a research report on Thursday, August 11th.
Get Riskified alerts:Riskified Trading Down 0.7 %
RSKD stock opened at $4.01 on Tuesday. The firm's 50-day moving average is $4.85 and its two-hundred day moving average is $5.10. The company has a market capitalization of $632.08 million, a price-to-earnings ratio of -3.04 and a beta of 0.25. Riskified has a 52 week low of $3.76 and a 52 week high of $25.95.
Riskified (NYSE:RSKD – Get Rating) last announced its earnings results on Wednesday, August 10th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.04. The firm had revenue of $59.90 million for the quarter, compared to analysts' expectations of $57.59 million. Riskified had a negative return on equity of 20.85% and a negative net margin of 73.07%. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($1.41) earnings per share. On average, equities research analysts predict that Riskified will post -0.8 earnings per share for the current year.Hedge Funds Weigh In On Riskified
A number of hedge funds have recently modified their holdings of RSKD. Renaissance Technologies LLC purchased a new stake in shares of Riskified during the 4th quarter worth about $3,101,000. ETF Managers Group LLC acquired a new position in shares of Riskified during the 4th quarter valued at about $331,000. Alliancebernstein L.P. raised its stake in shares of Riskified by 4.4% in the 4th quarter. Alliancebernstein L.P. now owns 2,314,296 shares of the company's stock valued at $18,190,000 after acquiring an additional 97,698 shares in the last quarter. Clearline Capital LP acquired a new stake in shares of Riskified in the fourth quarter worth $2,832,000. Finally, Cinctive Capital Management LP lifted its position in Riskified by 5.9% during the 4th quarter. Cinctive Capital Management LP now owns 85,330 shares of the company's stock worth $671,000 after acquiring an additional 4,753 shares during the last quarter. 26.10% of the stock is owned by institutional investors and hedge funds.
About Riskified
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Riskified Ltd. operates an e-commerce risk management platform that allows online merchants to create trusted relationships with their consumers in the United States, Europe, the Middle East, Africa, and internationally. It offers Chargeback Guarantee that approves or denies online orders; Policy Protect and Account Secure, which identifies and blocks consumers that may be taking advantage of the merchant's terms and conditions or that may be trying to gain unauthorized access to another consumer's account; Deco and PSD2, a optimize products that help merchants to avoid bank authorization failures and abandoned shopping carts resulting from the secure customer authentication process.
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