Riskified (NYSE:RSKD) Price Target Lowered to $6.00 at DA Davidson

Riskified (NYSE:RSKD) had its price target cut by DA Davidson from $6.50 to $6.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also recently commented on the stock. UBS Group boosted their price target on shares of Riskified from $5.50 to $5.75 and gave the stock a “neutral” rating in a research note on Thursday, May 15th. Keefe, Bruyette & Woods lifted their target price on Riskified from $5.25 to $5.50 and gave the stock a “market perform” rating in a report on Thursday, May 15th. Truist Financial increased their price target on Riskified from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Finally, Piper Sandler reduced their price objective on 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 issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $5.82.

Riskified Price Performance

Shares of RSKD opened at $4.4550 on Tuesday. Riskified has a 1 year low of $3.94 and a 1 year high of $5.99. The company has a 50 day simple moving average of $5.10 and a two-hundred day simple moving average of $4.96. The firm has a market cap of $718.19 million, a P/E ratio of -18.56 and a beta of 1.37.

Riskified (NYSE:RSKD) last released its earnings results on Monday, August 18th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.09). Riskified had a negative return on equity of 8.05% and a negative net margin of 11.70%.The company had revenue of $81.06 million during the quarter, compared to analysts’ expectations of $80.17 million. During the same period last year, the firm posted $0.04 EPS. Riskified’s quarterly revenue was up 3.0% compared to the same quarter last year. Riskified has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Riskified will post -0.15 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of RSKD. Raymond James Financial Inc. purchased a new stake in 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 valued at $38,000. Group One Trading LLC lifted its stake 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 valued at $41,000 after purchasing an additional 8,917 shares during the period. Orion Porfolio Solutions LLC purchased a new stake in Riskified during the second quarter worth $54,000. Finally, Invesco Ltd. acquired a new stake in Riskified during the first quarter valued at $51,000. 58.98% of the stock is owned by institutional investors and hedge funds.

About Riskified

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.