Riskified (NYSE:RSKD) Stock Rating Lowered by The Goldman Sachs Group

Riskified (NYSE:RSKD) was downgraded by investment analysts at The Goldman Sachs Group from a “neutral” rating to a “sell” rating in a report issued on Wednesday, Marketbeat.com reports. They presently have a $6.00 target price on the stock. The Goldman Sachs Group’s target price indicates a potential downside of 3.54% from the stock’s current price.

Several other research firms have also issued reports on RSKD. UBS Group boosted their target price on shares of Riskified from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. JPMorgan Chase & Co. upped their target price on Riskified from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Thursday, May 16th. Piper Sandler lifted their target price on Riskified from $7.00 to $8.00 and gave the stock an “overweight” rating in a report on Thursday, May 16th. DA Davidson raised their price objective on shares of Riskified from $5.00 to $7.00 and gave the stock a “neutral” rating in a research report on Thursday, May 16th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Riskified from $5.75 to $6.00 and gave the stock a “market perform” rating in a research note on Thursday, May 16th. One 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $6.75.

Riskified Trading Up 4.0 %

Shares of RSKD stock opened at $6.22 on Wednesday. Riskified has a 1-year low of $3.48 and a 1-year high of $6.64. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of -20.06 and a beta of 1.40. The stock has a 50-day moving average of $6.05 and a 200-day moving average of $5.27.

Riskified (NYSE:RSKD) last announced its earnings results on Wednesday, May 15th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.01. Riskified had a negative return on equity of 9.55% and a negative net margin of 17.28%. The business had revenue of $76.41 million for the quarter, compared to analysts’ expectations of $75.40 million. Sell-side analysts forecast that Riskified will post -0.17 earnings per share for the current year.

Institutional Investors Weigh In On Riskified

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Covestor Ltd raised its stake in shares of 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 buying an additional 7,543 shares during the period. Aigen Investment Management LP purchased a new position in Riskified during the 4th quarter valued at about $84,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Riskified by 41.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,082 shares of the company’s stock valued at $122,000 after buying an additional 7,609 shares during the period. Y.D. More Investments Ltd lifted its holdings in shares of Riskified by 29.1% in the fourth quarter. Y.D. More Investments Ltd now owns 35,248 shares of the company’s stock worth $152,000 after buying an additional 7,938 shares in the last quarter. Finally, Cornerstone Investment Partners LLC bought a new position in shares of Riskified in the fourth quarter valued at approximately $182,000. Hedge funds and other institutional investors 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.