Riskified (NYSE:RSKD) Shares Gap Down to $4.48

Shares of Riskified Ltd. (NYSE:RSKD – Get Rating) gapped down prior to trading on Friday . The stock had previously closed at $4.48, but opened at $4.36. Riskified shares last traded at $4.27, with a volume of 443 shares.

Analysts Set New Price Targets

A number of research analysts have recently commented on RSKD shares. KeyCorp dropped their target price on shares of Riskified from $7.00 to $6.00 and set an “overweight” rating for the company in a report on Thursday, July 7th. Credit Suisse Group dropped their target price on shares of Riskified to $10.00 and set an “outperform” rating for the company in a report on Wednesday, May 18th. The Goldman Sachs Group dropped their target price on shares of Riskified from $6.00 to $4.50 and set a “sell” rating for the company in a report on Thursday, July 14th. Piper Sandler dropped their target price on shares of Riskified from $7.00 to $5.00 and set a “neutral” rating for the company in a report on Monday, July 18th. Finally, Barclays dropped their target price on shares of Riskified from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Monday, May 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $10.79.

Riskified Stock Down 7.8 %

The company has a 50 day moving average price of $4.71 and a 200-day moving average price of $5.72. The company has a market cap of $651.01 million and a price-to-earnings ratio of -1.63.

Riskified (NYSE:RSKD – Get Rating) last released 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 firm had revenue of $58.90 million during the quarter, compared to analyst estimates of $55.90 million. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. On average, analysts forecast that Riskified Ltd. will post -0.84 EPS for the current fiscal year.

Institutional Trading of Riskified

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RSKD. Allspring Global Investments Holdings LLC acquired a new stake in Riskified during the 4th quarter valued at approximately $9,649,000. Commonwealth Equity Services LLC increased its position in Riskified by 33.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 18,115 shares of the company’s stock valued at $142,000 after purchasing an additional 4,564 shares during the period. Phoenix Holdings Ltd. grew its position in shares of Riskified by 3.6% during the 4th quarter. Phoenix Holdings Ltd. now owns 6,819,789 shares of the company’s stock worth $53,670,000 after buying an additional 234,003 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Riskified during the 4th quarter worth approximately $63,000. Finally, Ibex Investors LLC acquired a new stake in shares of Riskified during the 4th quarter worth approximately $1,205,000. Institutional investors and hedge funds own 23.92% of the company’s stock.

Riskified Company Profile

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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.