Riskified (NYSE:RSKD) Earns “Overweight” Rating from Piper Sandler

Piper Sandler reiterated their overweight rating on shares of Riskified (NYSE:RSKD) in a research report released on Thursday morning,Benzinga reports. The brokerage currently has a $7.00 price objective on the stock.

Several other research firms have also recently issued reports on RSKD. UBS Group cut their target price on Riskified from $6.00 to $4.75 and set a “neutral” rating for the company in a research note on Thursday, August 15th. The Goldman Sachs Group decreased their target price on Riskified from $6.00 to $4.50 and set a “sell” rating for the company in a report on Thursday, August 15th. Barclays decreased their price target on Riskified from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Friday, August 16th. Truist Financial cut their target price on Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Finally, JPMorgan Chase & Co. lifted their target price on Riskified from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.91.

Riskified Stock Performance

Shares of RSKD opened at $4.34 on Thursday. The stock’s 50-day moving average price is $4.58 and its 200-day moving average price is $5.39. Riskified has a 52 week low of $3.90 and a 52 week high of $6.64.

Riskified (NYSE:RSKD) last released its earnings results on Wednesday, August 14th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.02. Riskified had a negative return on equity of 6.00% and a negative net margin of 10.72%. The business had revenue of $78.73 million for the quarter, compared to the consensus estimate of $78.33 million. Research analysts predict that Riskified will post -0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Riskified

Hedge funds have recently bought and sold shares of the company. nVerses Capital LLC acquired a new position in Riskified in the second quarter valued at approximately $29,000. Covestor Ltd raised its holdings in shares of Riskified by 2,522.7% during 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. bought a new stake in shares of Riskified during the second quarter valued at approximately $104,000. Quantbot Technologies LP bought a new stake in shares of Riskified during the third quarter valued at approximately $120,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Riskified during the second quarter valued at approximately $163,000. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Riskified Company Profile

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.