Riskified’s (RSKD) Overweight Rating Reaffirmed at Piper Sandler

Piper Sandler reiterated their overweight rating on shares of Riskified (NYSE:RSKD) in a research note issued to investors on Thursday morning,Benzinga reports. Piper Sandler currently has a $7.00 target price on the stock.

A number of other brokerages also recently issued reports on RSKD. UBS Group lowered their price objective on Riskified from $6.00 to $4.75 and set a “neutral” rating for the company in a research report on Thursday, August 15th. Truist Financial lowered their price objective on Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Barclays lowered their price objective on Riskified from $6.00 to $5.00 and set an “equal weight” rating for the company in a research report on Friday, August 16th. The Goldman Sachs Group lowered their price objective on Riskified from $6.00 to $4.50 and set a “sell” rating for the company in a research report on Thursday, August 15th. Finally, DA Davidson upgraded Riskified to a “hold” rating in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Riskified presently has an average rating of “Hold” and an average price target of $5.91.

Riskified Trading Down 6.3 %

Riskified stock opened at $4.34 on Thursday. The company has a market capitalization of $773.69 million, a PE ratio of -21.70 and a beta of 1.36. Riskified has a 12 month low of $3.90 and a 12 month high of $6.64. The stock has a 50-day moving average price of $4.58 and a two-hundred day moving average price of $5.39.

Riskified (NYSE:RSKD) last posted its earnings results on Wednesday, November 13th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. The firm had revenue of $78.80 million during the quarter, compared to the consensus estimate of $75.01 million. Riskified had a negative return on equity of 6.00% and a negative net margin of 10.72%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the company earned ($0.12) earnings per share. As a group, analysts predict that Riskified will post -0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Riskified

Large investors have recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new stake in Riskified during the second quarter worth approximately $29,000. Covestor Ltd grew its stake in Riskified by 2,522.7% in the first quarter. Covestor Ltd now owns 7,842 shares of the company’s stock valued at $43,000 after acquiring an additional 7,543 shares during the period. Valmark Advisers Inc. acquired a new stake in Riskified in the second quarter valued at approximately $104,000. Quantbot Technologies LP acquired a new stake in Riskified in the third quarter valued at approximately $120,000. Finally, Olympiad Research LP acquired a new stake in Riskified in the third quarter valued at approximately $150,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

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.