Riskified (NYSE:RSKD – Get Rating) had its target price cut by Barclays from $7.00 to $6.00 in a research note issued to investors on Monday, The Fly reports. They currently have an overweight rating on the stock.
A number of other research analysts also recently commented on the stock. Piper Sandler upped their price objective on shares of Riskified from $5.00 to $6.00 and gave the company a neutral rating in a research note on Thursday, August 11th. The Goldman Sachs Group increased their target price on shares of Riskified from $4.50 to $5.00 and gave the stock a sell rating in a research report on Thursday, August 11th. Credit Suisse Group dropped their target price on shares of Riskified from $8.50 to $8.00 and set an outperform rating for the company in a research report on Thursday, August 11th. Finally, KeyCorp dropped their target price on shares of Riskified from $7.00 to $6.00 and set an overweight rating for the company in a research report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $7.50.Get Riskified alerts:
Riskified Trading Down 0.7 %
Shares of RSKD stock opened at $4.01 on Monday. The firm has a 50-day moving average price of $4.85 and a 200 day moving average price of $5.10. Riskified has a twelve month low of $3.76 and a twelve month high of $25.95. The company has a market capitalization of $632.08 million, a price-to-earnings ratio of -3.04 and a beta of 0.25.Riskified (NYSE:RSKD – Get Rating) last announced its earnings results on Wednesday, August 10th. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.04. Riskified had a negative net margin of 73.07% and a negative return on equity of 20.85%. The firm had revenue of $59.90 million during the quarter, compared to the consensus estimate of $57.59 million. During the same quarter in the previous year, the company posted ($1.41) EPS. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. As a group, research analysts predict that Riskified will post -0.8 earnings per share for the current year.
Hedge Funds Weigh In On Riskified
Several institutional investors and hedge funds have recently made changes to their positions in RSKD. Renaissance Technologies LLC purchased a new position in shares of Riskified during the 4th quarter valued at approximately $3,101,000. ETF Managers Group LLC bought a new stake in Riskified during the fourth quarter valued at $331,000. Alliancebernstein L.P. increased its stake in Riskified by 4.4% during the fourth quarter. Alliancebernstein L.P. now owns 2,314,296 shares of the company's stock valued at $18,190,000 after purchasing an additional 97,698 shares during the last quarter. Clearline Capital LP acquired a new stake in shares of Riskified during the fourth quarter worth $2,832,000. Finally, Cinctive Capital Management LP lifted its position in shares of Riskified by 5.9% in the 4th quarter. Cinctive Capital Management LP now owns 85,330 shares of the company's stock worth $671,000 after buying an additional 4,753 shares during the last quarter. 26.10% of the stock is currently owned by hedge funds and other institutional investors.
Riskified Ltd. operates an e-commerce risk management platform that allows online merchants to create trusted relationships with their consumers in the United States, Europe, the Middle East, Africa, and internationally. It offers Chargeback Guarantee that approves or denies online orders; Policy Protect and Account Secure, which identifies and blocks consumers that may be taking advantage of the merchant's terms and conditions or that may be trying to gain unauthorized access to another consumer's account; Deco and PSD2, a optimize products that help merchants to avoid bank authorization failures and abandoned shopping carts resulting from the secure customer authentication process.
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