Riskified (NYSE:RSKD) Price Target Lowered to $6.00 at Piper Sandler

Riskified (NYSE:RSKD) had its target price cut by Piper Sandler from $7.00 to $6.00 in a report published on Monday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research firms have also weighed in on RSKD. DA Davidson boosted their price target on shares of Riskified from $6.00 to $6.50 and gave the stock a “buy” rating in a research report on Thursday, May 15th. Truist Financial boosted their target price on shares of Riskified from $7.00 to $8.00 and gave the company a “buy” rating in a report on Thursday, May 15th. Keefe, Bruyette & Woods boosted their target price on shares of Riskified from $5.25 to $5.50 and gave the company a “market perform” rating in a report on Thursday, May 15th. Finally, UBS Group boosted their target price on shares of Riskified from $5.50 to $5.75 and gave the company a “neutral” rating in a report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $6.04.

Riskified Trading Down 15.9%

RSKD opened at $4.43 on Monday. The firm has a market capitalization of $713.35 million, a PE ratio of -20.11 and a beta of 1.37. Riskified has a twelve month low of $3.94 and a twelve month high of $5.99. The firm’s 50-day moving average price is $5.11 and its 200 day moving average price is $4.96.

Riskified (NYSE:RSKD) last posted its quarterly earnings results on Monday, August 18th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). The business had revenue of $81.06 million for the quarter, compared to analyst estimates of $80.17 million. Riskified had a negative return on equity of 7.42% and a negative net margin of 11.15%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.04 earnings per share. As a group, analysts predict that Riskified will post -0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Riskified

Large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in shares of Riskified in the 2nd quarter worth approximately $36,000. Lazard Asset Management LLC acquired a new position in shares of Riskified in the 4th quarter worth approximately $38,000. Group One Trading LLC lifted its holdings in shares of Riskified by 4,503.5% in the 4th quarter. Group One Trading LLC now owns 8,719 shares of the company’s stock worth $41,000 after acquiring an additional 8,917 shares during the last quarter. Invesco Ltd. acquired a new position in shares of Riskified in the 1st quarter worth approximately $51,000. Finally, Orion Porfolio Solutions LLC acquired a new position in shares of Riskified in the 2nd quarter worth approximately $54,000. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Riskified Company Profile

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.