UBS Group Cuts Riskified (NYSE:RSKD) Price Target to $5.00

Riskified (NYSE:RSKD) had its price objective lowered by UBS Group from $5.75 to $5.00 in a report issued on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

RSKD has been the subject of a number of other reports. Truist Financial increased their price target on Riskified from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. Piper Sandler decreased their price target on Riskified from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Monday. DA Davidson decreased their price target on Riskified from $6.50 to $6.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Keefe, Bruyette & Woods increased their price target on Riskified from $5.25 to $5.50 and gave the company a “market perform” rating in a research report on Thursday, May 15th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Riskified has an average rating of “Hold” and a consensus target price of $5.82.

Riskified Stock Up 4.4%

RSKD stock opened at $4.3450 on Tuesday. Riskified has a twelve month low of $3.94 and a twelve month high of $5.99. The stock’s 50 day moving average is $5.07 and its 200-day moving average is $4.95. The firm has a market capitalization of $700.46 million, a PE ratio of -18.10 and a beta of 1.37.

Riskified (NYSE:RSKD) last posted its earnings results on Monday, August 18th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). Riskified had a negative net margin of 11.70% and a negative return on equity of 8.27%. The company had revenue of $81.06 million during the quarter, compared to the consensus estimate of $80.17 million. During the same quarter in the prior year, the business earned $0.04 EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. Riskified has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Riskified will post -0.15 earnings per share for the current fiscal year.

Institutional Trading of Riskified

A number of large investors have recently bought and sold shares of RSKD. California State Teachers Retirement System grew its position in shares of Riskified by 5.5% in the second quarter. California State Teachers Retirement System now owns 93,086 shares of the company’s stock valued at $464,000 after purchasing an additional 4,826 shares in the last quarter. Y.D. More Investments Ltd grew its position in shares of Riskified by 20.4% in the second quarter. Y.D. More Investments Ltd now owns 39,789 shares of the company’s stock valued at $198,000 after purchasing an additional 6,743 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Riskified in the second quarter valued at $36,000. Lazard Asset Management LLC purchased a new position in shares of Riskified in the fourth quarter valued at $38,000. Finally, Group One Trading LLC grew its position in shares of Riskified by 4,503.5% in the fourth quarter. Group One Trading LLC now owns 8,719 shares of the company’s stock valued at $41,000 after purchasing an additional 8,917 shares in the last quarter. 58.98% of the stock is owned by hedge funds and other 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.