Riskified (NYSE:RSKD) Rating Reiterated by Piper Sandler

Riskified (NYSE:RSKD)‘s stock had its “overweight” rating reiterated by equities research analysts at Piper Sandler in a report issued on Thursday, Benzinga reports. They presently have a $5.00 target price on the stock. Piper Sandler’s price target points to a potential upside of 23.15% from the stock’s previous close.

Several other research analysts have also recently issued reports on the stock. Truist Financial reiterated a “buy” rating and issued a $7.50 price objective on shares of Riskified in a report on Wednesday, August 16th. UBS Group started coverage on shares of Riskified in a report on Friday, October 20th. They issued a “buy” rating and a $5.75 price objective for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $6.13.

Riskified Trading Up 1.2 %

NYSE RSKD opened at $4.06 on Thursday. Riskified has a 52 week low of $3.48 and a 52 week high of $6.73. The stock has a market cap of $665.68 million, a price-to-earnings ratio of -10.41 and a beta of 1.20. The company has a 50-day moving average price of $4.07 and a two-hundred day moving average price of $4.54.

Riskified (NYSE:RSKD) last posted its earnings results on Wednesday, November 15th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.02. Riskified had a negative net margin of 23.08% and a negative return on equity of 12.63%. The firm had revenue of $71.90 million during the quarter, compared to analysts’ expectations of $71.19 million. During the same quarter in the prior year, the firm earned ($0.14) EPS. Riskified’s quarterly revenue was up 13.8% on a year-over-year basis. As a group, equities research analysts expect that Riskified will post -0.38 earnings per share for the current fiscal year.

Institutional Trading of Riskified

A number of large investors have recently added to or reduced their stakes in RSKD. Quarry LP purchased a new stake in shares of Riskified in the 1st quarter valued at approximately $25,000. Bank of America Corp DE lifted its position in Riskified by 173.9% in the 1st quarter. Bank of America Corp DE now owns 5,081 shares of the company’s stock worth $29,000 after buying an additional 3,226 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Riskified in the 2nd quarter worth approximately $32,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in Riskified by 48.1% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 7,173 shares of the company’s stock worth $40,000 after buying an additional 2,330 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in Riskified in the 2nd quarter worth approximately $47,000. 31.66% of the stock is currently owned by institutional investors.

About Riskified

Riskified Ltd. develops and offers 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, the Asia-Pacific, 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; and PSD2, an optimize product` that help merchants to avoid bank authorization failures and abandoned shopping carts resulting from the secure customer authentication process.