Riskified (NYSE:RSKD) Price Target Cut to $7.00

Riskified (NYSE:RSKD – Get Rating) had its target price reduced by analysts at Piper Sandler to $7.00 in a report issued on Wednesday, Stock Target Advisor reports. The firm presently has a “neutral” rating on the stock. Piper Sandler’s price target suggests a potential upside of 32.33% from the company’s current price.

A number of other research firms have also issued reports on RSKD. Zacks Investment Research raised Riskified from a “sell” rating to a “hold” rating in a report on Thursday, March 3rd. Barclays lowered their price target on Riskified from $15.00 to $8.00 in a report on Thursday, February 24th. Credit Suisse Group lowered their price target on Riskified to $10.00 and set an “outperform” rating on the stock in a report on Wednesday. Truist Financial lowered their price target on Riskified from $23.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, February 22nd. Finally, The Goldman Sachs Group lowered their price target on Riskified from $7.00 to $6.50 and set a “sell” rating on the stock in a report on Friday, April 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Riskified presently has an average rating of “Hold” and an average target price of $12.07.

Shares of RSKD stock traded down $0.01 during mid-day trading on Wednesday, hitting $5.29. 11,398 shares of the stock were exchanged, compared to its average volume of 417,865. The stock’s fifty day simple moving average is $5.69 and its two-hundred day simple moving average is $7.92. Riskified has a 12-month low of $3.78 and a 12-month high of $40.48.

Riskified (NYSE:RSKD – Get Rating) last issued its quarterly earnings data on Wednesday, February 23rd. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.01. The company had revenue of $69.83 million for the quarter, compared to analyst estimates of $67.32 million. Riskified had a negative return on equity of 49.24% and a negative net margin of 75.96%. The business’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.05 earnings per share. As a group, research analysts predict that Riskified will post -0.68 EPS for the current year.

A number of large investors have recently made changes to their positions in the stock. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Riskified during the 4th quarter valued at approximately $63,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Riskified during the 1st quarter valued at approximately $65,000. Griffin Asset Management Inc. acquired a new stake in shares of Riskified during the 1st quarter valued at approximately $71,000. D. E. Shaw & Co. Inc. acquired a new stake in shares of Riskified during the 4th quarter valued at approximately $85,000. Finally, Credit Suisse AG acquired a new stake in shares of Riskified during the 4th quarter valued at approximately $91,000. Hedge funds and other institutional investors own 23.92% of the company’s stock.

About Riskified (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.

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