Riskified (NYSE:RSKD) Cut to Sell at The Goldman Sachs Group

Riskified (NYSE:RSKDGet Free Report) was downgraded by The Goldman Sachs Group from a “neutral” rating to a “sell” rating in a report issued on Wednesday, FinViz reports.

Other analysts have also recently issued research reports about the stock. DA Davidson upped their price objective on shares of Riskified from $5.00 to $7.00 and gave the company a “neutral” rating in a research note on Thursday, May 16th. Truist Financial restated a “buy” rating and issued a $8.00 price target (up from $7.50) on shares of Riskified in a research report on Thursday, May 16th. Barclays lifted their price objective on Riskified from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Monday, May 20th. Piper Sandler upped their target price on Riskified from $7.00 to $8.00 and gave the company an “overweight” rating in a report on Thursday, May 16th. Finally, Keefe, Bruyette & Woods raised their target price on Riskified from $5.75 to $6.00 and gave the stock a “market perform” rating in a research note on Thursday, May 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Riskified presently has a consensus rating of “Hold” and an average price target of $6.63.

View Our Latest Research Report on Riskified

Riskified Price Performance

Shares of Riskified stock opened at $6.36 on Wednesday. The stock has a market capitalization of $1.13 billion, a P/E ratio of -20.50 and a beta of 1.40. The business has a 50 day simple moving average of $6.02 and a two-hundred day simple moving average of $5.25. Riskified has a 12 month low of $3.48 and a 12 month high of $6.64.

Riskified (NYSE:RSKDGet Free Report) last posted its quarterly earnings data on Wednesday, May 15th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.01. Riskified had a negative return on equity of 9.55% and a negative net margin of 17.28%. The firm had revenue of $76.41 million during the quarter, compared to the consensus estimate of $75.40 million. As a group, research analysts anticipate that Riskified will post -0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On Riskified

Several large investors have recently modified their holdings of RSKD. Covestor Ltd grew its holdings in shares of Riskified by 2,522.7% during the 1st 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. Aigen Investment Management LP purchased a new position in Riskified during the fourth quarter worth about $84,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Riskified by 41.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,082 shares of the company’s stock valued at $122,000 after acquiring an additional 7,609 shares during the last quarter. Y.D. More Investments Ltd raised its stake in shares of Riskified by 29.1% in the 4th quarter. Y.D. More Investments Ltd now owns 35,248 shares of the company’s stock valued at $152,000 after acquiring an additional 7,938 shares during the period. Finally, Cornerstone Investment Partners LLC acquired a new position in shares of Riskified in the 4th quarter worth approximately $182,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

About Riskified

(Get Free Report)

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.

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Analyst Recommendations for Riskified (NYSE:RSKD)

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