Riskified (NYSE:RSKD) Given New $5.25 Price Target at Keefe, Bruyette & Woods

Riskified (NYSE:RSKD) had its target price trimmed by Keefe, Bruyette & Woods from $5.50 to $5.25 in a research note published on Thursday,Benzinga reports. The firm currently has a market perform rating on the stock.

Several other research firms have also commented on RSKD. Piper Sandler restated an “overweight” rating and set a $7.00 price target on shares of Riskified in a research report on Thursday. Barclays decreased their target price on shares of Riskified from $6.00 to $5.00 and set an “equal weight” rating for the company in a research report on Friday, August 16th. DA Davidson raised shares of Riskified to a “hold” rating in a report on Wednesday, September 11th. Truist Financial lowered their target price on Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Finally, 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 research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $5.91.

Riskified Stock Down 5.6 %

RSKD stock traded down $0.26 during trading on Thursday, hitting $4.37. 1,261,810 shares of the company’s stock traded hands, compared to its average volume of 668,543. Riskified has a 52 week low of $3.90 and a 52 week high of $6.64. The stock has a fifty day moving average price of $4.59 and a two-hundred day moving average price of $5.39. The stock has a market capitalization of $779.06 million, a price-to-earnings ratio of -21.70 and a beta of 1.36.

Riskified (NYSE:RSKD) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $78.73 million for the quarter, compared to analysts’ expectations of $78.33 million. Riskified had a negative return on equity of 5.77% and a negative net margin of 10.72%. As a group, equities research analysts expect that Riskified will post -0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On Riskified

Several large investors have recently added to or reduced their stakes in the company. Algert Global LLC raised its stake in shares of Riskified by 7.1% in the second quarter. Algert Global LLC now owns 43,324 shares of the company’s stock valued at $277,000 after purchasing an additional 2,854 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Riskified during the 2nd quarter worth about $29,000. State Street Corp increased its stake in Riskified by 0.9% in the third quarter. State Street Corp now owns 745,593 shares of the company’s stock valued at $3,527,000 after acquiring an additional 6,927 shares during the period. Quadrature Capital Ltd raised its position in Riskified by 16.7% in the first quarter. Quadrature Capital Ltd now owns 50,357 shares of the company’s stock worth $272,000 after purchasing an additional 7,200 shares in the last quarter. Finally, Covestor Ltd lifted its stake in Riskified by 2,522.7% during the first quarter. Covestor Ltd now owns 7,842 shares of the company’s stock worth $43,000 after purchasing an additional 7,543 shares during the period. Institutional investors and hedge funds own 58.98% of the company’s stock.

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.