Riskified (NYSE:RSKD) Price Target Cut to $5.25 by Analysts at Keefe, Bruyette & Woods

Riskified (NYSE:RSKD) had its price objective dropped by investment analysts at Keefe, Bruyette & Woods from $5.50 to $5.25 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 15.13% from the stock’s previous close.

Several other brokerages also recently weighed in on RSKD. Piper Sandler reiterated an “overweight” rating and issued a $7.00 price target on shares of Riskified in a report on Thursday. Truist Financial lowered their price target on shares of Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, August 15th. UBS Group decreased their target price on Riskified from $6.00 to $4.75 and set a “neutral” rating for the company in a research report on Thursday, August 15th. The Goldman Sachs Group reduced their price target 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 raised Riskified to a “hold” rating in a research note on Wednesday, September 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Riskified currently has a consensus rating of “Hold” and an average price target of $5.94.

Riskified Stock Up 6.3 %

Shares of RSKD stock opened at $4.56 on Thursday. The stock’s 50-day moving average price is $4.59 and its 200 day moving average price is $5.40. Riskified has a 52-week low of $3.75 and a 52-week high of $6.64. The stock has a market capitalization of $812.91 million, a PE ratio of -17.54 and a beta of 1.36.

Riskified (NYSE:RSKD) last issued its earnings results on Wednesday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. Riskified had a negative net margin of 14.57% and a negative return on equity of 8.33%. The company had revenue of $78.73 million during the quarter, compared to analysts’ expectations of $78.33 million. Analysts expect that Riskified will post -0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Riskified

Large investors have recently made changes to their positions in the stock. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Riskified by 76.0% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,734,508 shares of the company’s stock worth $31,854,000 after buying an additional 2,907,585 shares in the last quarter. Acadian Asset Management LLC grew its position in Riskified by 199.4% in the 2nd quarter. Acadian Asset Management LLC now owns 2,632,439 shares of the company’s stock valued at $16,803,000 after purchasing an additional 1,753,260 shares during the period. Jennison Associates LLC boosted its position in shares of Riskified by 11.2% during the third quarter. Jennison Associates LLC now owns 5,682,144 shares of the company’s stock valued at $26,877,000 after buying an additional 573,596 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Riskified by 37.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,052,944 shares of the company’s stock worth $4,980,000 after acquiring an additional 286,603 shares during the period. Finally, Clearline Capital LP increased its position in Riskified by 19.4% in the second quarter. Clearline Capital LP now owns 1,680,228 shares of the company’s stock worth $10,737,000 after buying an additional 272,760 shares during the last quarter. 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.