Riskified (NYSE:RSKD) Shares Gap Up to $4.58

Riskified Ltd. (NYSE:RSKD – Get Rating)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $4.58, but opened at $4.87. Riskified shares last traded at $4.96, with a volume of 136,505 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. TheStreet downgraded shares of Riskified from a “c-” rating to a “d” rating in a research report on Thursday, March 2nd. Credit Suisse Group reduced their price target on shares of Riskified from $9.00 to $8.00 and set an “outperform” rating on the stock in a research report on Friday, February 24th. Piper Sandler upgraded shares of Riskified from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $6.00 to $8.00 in a research report on Friday, March 10th. Finally, The Goldman Sachs Group upped their price target on shares of Riskified from $5.00 to $5.50 and gave the stock a “neutral” rating in a research report on Thursday, April 13th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Riskified has an average rating of “Moderate Buy” and an average price target of $6.70.

Riskified Stock Performance

The company has a market capitalization of $901.78 million, a price-to-earnings ratio of -10.58 and a beta of 1.25. The business’s 50-day simple moving average is $5.19 and its 200-day simple moving average is $5.22.

Riskified (NYSE:RSKD – Get Rating) last released its earnings results on Thursday, February 23rd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.08. The company had revenue of $79.30 million for the quarter, compared to the consensus estimate of $76.72 million. Riskified had a negative net margin of 32.69% and a negative return on equity of 16.85%. On average, analysts forecast that Riskified Ltd. will post -0.5 earnings per share for the current year.

Institutional Trading of Riskified

Institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP bought a new stake in shares of Riskified in the 1st quarter valued at about $25,000. Bank of America Corp DE increased its stake in shares of Riskified by 173.9% in the 1st quarter. Bank of America Corp DE now owns 5,081 shares of the company’s stock valued at $29,000 after acquiring an additional 3,226 shares during the last quarter. Y.D. More Investments Ltd bought a new stake in shares of Riskified in the 4th quarter valued at about $33,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Riskified by 48.1% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 7,173 shares of the company’s stock valued at $40,000 after acquiring an additional 2,330 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of Riskified in the 4th quarter valued at about $49,000. 25.84% of the stock is owned by institutional investors.

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.