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

Riskified (NYSE:RSKD) had its target price lowered by stock analysts at UBS Group from $4.75 to $4.50 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price indicates a potential upside of 3.69% from the company’s previous close.

RSKD has been the subject of several other reports. The Goldman Sachs Group lowered their price objective on shares of Riskified from $6.00 to $4.50 and set a “sell” rating for the company in a research note on Thursday, August 15th. JPMorgan Chase & Co. increased their price objective on Riskified from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Barclays reduced their target price on Riskified from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Friday, August 16th. Truist Financial dropped their price target on Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $5.91.

Riskified Trading Down 6.3 %

RSKD opened at $4.34 on Thursday. Riskified has a 12 month low of $3.90 and a 12 month high of $6.64. The company has a 50 day moving average of $4.58 and a 200 day moving average of $5.38. The company has a market cap of $773.71 million, a PE ratio of -21.70 and a beta of 1.36.

Riskified (NYSE:RSKD) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.02. The firm had revenue of $78.73 million during the quarter, compared to the consensus estimate of $78.33 million. Riskified had a negative net margin of 10.72% and a negative return on equity of 5.77%. Research analysts forecast that Riskified will post -0.17 earnings per share for the current fiscal year.

Institutional Trading of Riskified

Institutional investors have recently bought and sold shares of the stock. Tocqueville Asset Management L.P. grew its holdings in Riskified by 19.3% during the 1st quarter. Tocqueville Asset Management L.P. now owns 526,000 shares of the company’s stock worth $2,846,000 after acquiring an additional 85,000 shares in the last quarter. Invenomic Capital Management LP raised its position in shares of Riskified by 29.7% in the 1st quarter. Invenomic Capital Management LP now owns 763,203 shares of the company’s stock valued at $4,129,000 after purchasing an additional 174,953 shares during the last quarter. Tidal Investments LLC acquired a new stake in Riskified in the 1st quarter worth approximately $547,000. Allspring Global Investments Holdings LLC grew its position in Riskified by 37.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,052,944 shares of the company’s stock worth $4,980,000 after purchasing an additional 286,603 shares during the last quarter. Finally, Clearline Capital LP increased its stake in Riskified by 19.4% during the 2nd quarter. Clearline Capital LP now owns 1,680,228 shares of the company’s stock valued at $10,737,000 after purchasing an additional 272,760 shares in the last quarter. 58.98% of the stock is currently owned by institutional investors.

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.