Riskified (NYSE:RSKD) Price Target Cut to $5.00 by Analysts at UBS Group

Riskified (NYSE:RSKD) had its target price trimmed by UBS Group from $5.75 to $5.00 in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

RSKD has been the topic of several other reports. Keefe, Bruyette & Woods upped their target price on Riskified from $5.25 to $5.50 and gave the company a “market perform” rating in a research report on Thursday, May 15th. Truist Financial upped their price objective on shares of Riskified from $7.00 to $8.00 and gave the company a “buy” rating in a report on Thursday, May 15th. DA Davidson lowered their target price on shares of Riskified from $6.50 to $6.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Piper Sandler cut their price target on shares of Riskified from $7.00 to $6.00 and set an “overweight” rating on the stock in a research note on Monday. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $5.82.

Riskified Stock Up 0.6%

Shares of NYSE:RSKD opened at $4.4550 on Tuesday. The firm has a 50 day moving average of $5.10 and a 200 day moving average of $4.96. The company has a market capitalization of $718.19 million, a price-to-earnings ratio of -18.56 and a beta of 1.37. Riskified has a 52 week low of $3.94 and a 52 week high of $5.99.

Riskified (NYSE:RSKD) last issued its quarterly earnings data 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 company had revenue of $81.06 million for the quarter, compared to analysts’ expectations of $80.17 million. Riskified had a negative return on equity of 8.05% and a negative net margin of 11.70%.The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 earnings per share. Riskified has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Riskified will post -0.15 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RSKD. Raymond James Financial Inc. acquired a new position in Riskified during the 2nd quarter worth about $36,000. Lazard Asset Management LLC purchased a new stake in Riskified during the fourth quarter worth about $38,000. Group One Trading LLC lifted its position in shares of Riskified by 4,503.5% during the fourth quarter. Group One Trading LLC now owns 8,719 shares of the company’s stock worth $41,000 after purchasing an additional 8,917 shares in the last quarter. Orion Porfolio Solutions LLC purchased a new position in shares of Riskified in the second quarter valued at approximately $54,000. Finally, Invesco Ltd. purchased a new position in shares of Riskified in the first quarter valued at approximately $51,000. Hedge funds and other institutional investors own 58.98% of the company’s stock.

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.