UBS Group Lowers Riskified (NYSE:RSKD) Price Target to $4.50

Riskified (NYSE:RSKD) had its target price reduced by investment analysts at UBS Group from $4.75 to $4.50 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential downside of 2.39% from the stock’s current price.

A number of other brokerages also recently issued reports on RSKD. Truist Financial cut their target price on Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Piper Sandler reiterated an “overweight” rating and issued a $7.00 price objective on shares of Riskified in a research report on Thursday. JPMorgan Chase & Co. raised their target price on Riskified from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. The Goldman Sachs Group lowered their price target on shares of Riskified from $6.00 to $4.50 and set a “sell” rating on the stock in a research note on Thursday, August 15th. Finally, DA Davidson upgraded shares of Riskified to a “hold” rating in a research note on Wednesday, September 11th. One investment 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. Based on data from MarketBeat.com, Riskified presently has a consensus rating of “Hold” and a consensus target price of $5.91.

Riskified Stock Performance

Riskified stock traded up $0.05 during trading hours on Thursday, reaching $4.61. 74,306 shares of the stock were exchanged, compared to its average volume of 661,355. Riskified has a 52-week low of $3.75 and a 52-week high of $6.64. The stock has a market cap of $821.82 million, a P/E ratio of -17.69 and a beta of 1.36. The firm’s 50 day moving average is $4.59 and its 200 day moving average is $5.40.

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

Institutional Trading of Riskified

Institutional investors and hedge funds have recently modified their holdings of the business. nVerses Capital LLC acquired a new position in shares of Riskified during the 2nd quarter worth approximately $29,000. Covestor Ltd grew its holdings in Riskified by 2,522.7% during the 1st 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 last quarter. Valmark Advisers Inc. purchased a new position in Riskified during the second quarter worth $104,000. Quantbot Technologies LP acquired a new position in shares of Riskified in the third quarter worth $120,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Riskified in the second quarter valued at $163,000. 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.