Riskified (NYSE:RSKD) Shares Gap Down – Time to Sell?

Riskified Ltd. (NYSE:RSKD)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $5.06, but opened at $4.65. Riskified shares last traded at $5.04, with a volume of 317,801 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have weighed in on RSKD shares. The Goldman Sachs Group reduced their price objective on Riskified from $4.50 to $4.00 and set a “sell” rating for the company in a research note on Monday, December 2nd. Piper Sandler reduced their price target on Riskified from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. DA Davidson raised shares of Riskified from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $5.00 to $7.00 in a report on Monday. Keefe, Bruyette & Woods lowered their target price on shares of Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a research note on Thursday, November 14th. Finally, UBS Group reduced their price target on Riskified from $4.75 to $4.50 and set a “neutral” rating for the company in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $5.72.

Riskified Stock Down 3.3 %

The business’s 50-day moving average is $5.15 and its two-hundred day moving average is $4.85. The stock has a market capitalization of $872.66 million, a price-to-earnings ratio of -24.47 and a beta of 1.38.

Riskified declared that its Board of Directors has approved a share repurchase program on Wednesday, November 13th that permits the company to buyback $75.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC acquired a new position in shares of Riskified in the 4th quarter valued at $38,000. Group One Trading LLC increased 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 valued at $41,000 after acquiring an additional 8,917 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Riskified during the fourth quarter valued at about $56,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Riskified in the 4th quarter valued at approximately $74,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Riskified in the 4th quarter worth approximately $88,000. 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.