Stocks of Riskified Ltd. (NYSE:RSKD) traded higher last session on Wall Street, up 4.41% to $5.44.
According to the data, Riskified Ltd. (NYSE:RSKD) has 8 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $9.00 and a low of $5.00, we find $6.50. Given the previous closing price of $5.21, this indicates a potential upside of 24.76 percent. RSKD stock price is now 9.48% away from the 50-day moving average and 12.41% away from the 200-day moving average. The market capitalization of the company currently stands at $881.88M.
A total of 4 analysts have issued a hold rating and 3 have given it a buy rating. Brokers who have rated the stock have averaged $6.75 as their price target over the next twelve months.
On January 09, 2023, Goldman Upgraded its previous ‘Sell’ rating to ‘Neutral’ on the stock keeping its target price maintained at $5, while ‘Piper Sandler’ rates the stock as ‘Neutral’.
A total of 18.32% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RSKD stock. A new stake in Riskified Ltd. shares was purchased by WEISS MULTI-STRATEGY ADVISERS LLC during the first quarter worth $3,427,000. BRONTE CAPITAL MANAGEMENT PTY LTD. invested $2,413,000 in shares of RSKD during the first quarter. In the first quarter, HRT FINANCIAL LP acquired a new stake in Riskified Ltd. valued at approximately $1,605,000. TWO SIGMA INVESTMENTS, LP acquired a new stake in RSKD for approximately $335,000. SQUAREPOINT OPS LLC purchased a new stake in RSKD valued at around $247,000 in the second quarter. In total, there are 62 active investors with 52.70% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $4.88 for Riskified Ltd. (NYSE: RSKD). During the past 12 months, Riskified Ltd. has had a low of $3.43 and a high of $7.74. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 7.60, and a quick ratio of 7.60. The fifty day moving average price for RSKD is $5.00 and a two-hundred day moving average price translates $4.83 for the stock.
The latest earnings results from Riskified Ltd. (NYSE: RSKD) was released for Jun, 2022. According to the Software – Application Company, earnings per share came in at -$0.08, beating analysts’ expectations of -$0.15 by 0.07. This compares to -$0.82 EPS in the same period last year. The net profit margin was -47.70% and return on equity was -23.60% for RSKD. The company reported revenue of $63.17 million for the quarter, compared to $52.53 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.25 percent. For the current quarter, analysts expect RSKD to generate $58.99M in revenue.
Riskified Ltd.(RSKD) Company Profile
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. The company was incorporated in 2012 and is headquartered in Tel Aviv, Israel.