Riskified Ltd. (NYSE:RSKD) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Riskified Ltd. (NYSE:RSKDGet Rating) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $11.93.

Several analysts have recently issued reports on RSKD shares. The Goldman Sachs Group lowered their price objective on shares of Riskified from $7.00 to $6.50 and set a “sell” rating for the company in a research note on Friday, April 8th. Barclays lowered their price objective on shares of Riskified from $8.00 to $7.00 and set an “overweight” rating for the company in a research note on Monday, May 23rd. Piper Sandler lowered their price objective on shares of Riskified to $7.00 and set a “neutral” rating for the company in a research note on Wednesday, May 18th. Finally, Credit Suisse Group reduced their target price on shares of Riskified to $10.00 and set an “outperform” rating on the stock in a report on Wednesday, May 18th.

RSKD stock opened at $4.86 on Friday. The stock has a market capitalization of $766.06 million and a P/E ratio of -1.92. Riskified has a one year low of $3.78 and a one year high of $40.48. The company has a 50 day moving average price of $5.04 and a two-hundred day moving average price of $6.25.

Riskified (NYSE:RSKDGet Rating) last announced its quarterly earnings data on Tuesday, May 17th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.02). Riskified had a negative net margin of 69.08% and a negative return on equity of 26.19%. The company had revenue of $58.90 million for the quarter, compared to analysts’ expectations of $55.90 million. Riskified’s revenue was up 15.3% on a year-over-year basis. On average, equities analysts anticipate that Riskified will post -0.83 earnings per share for the current year.

Several large investors have recently bought and sold shares of RSKD. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Riskified during the 4th quarter valued at $22,674,000. Toronado Partners LLC boosted its position in Riskified by 344.7% in the 1st quarter. Toronado Partners LLC now owns 3,380,700 shares of the company’s stock valued at $20,419,000 after buying an additional 2,620,437 shares during the last quarter. Ibex Investors LLC boosted its position in Riskified by 1,204.6% in the 1st quarter. Ibex Investors LLC now owns 2,000,000 shares of the company’s stock valued at $12,080,000 after buying an additional 1,846,694 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Riskified in the 1st quarter valued at about $9,587,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Riskified in the 4th quarter valued at about $9,649,000. Institutional investors and hedge funds own 23.92% of the company’s stock.

Riskified Company Profile (Get Rating)

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.

Further Reading

Analyst Recommendations for Riskified (NYSE:RSKD)

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