Riskified (NYSE:RSKD) Given New $5.25 Price Target at Keefe, Bruyette & Woods

Riskified (NYSE:RSKD - Free Report) had its price objective decreased by Keefe, Bruyette & Woods from $5.50 to $5.25 in a report issued on Thursday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Several other analysts have also recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Riskified from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Tuesday, August 20th. Piper Sandler restated an "overweight" rating and set a $7.00 target price on shares of Riskified in a research note on Thursday. Truist Financial dropped their price objective on shares of Riskified from $8.00 to $7.00 and set a "buy" rating on the stock in a research report on Thursday, August 15th. Barclays lowered their target price on shares of Riskified from $6.00 to $5.00 and set an "equal weight" rating for the company in a research note on Friday, August 16th. Finally, UBS Group decreased their price target on Riskified from $6.00 to $4.75 and set a "neutral" rating for the company in a report on Thursday, August 15th. 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. According to data from MarketBeat, Riskified has a consensus rating of "Hold" and an average price target of $5.91.

Riskified Trading Up 1.5 %

Riskified stock traded up $0.07 during midday trading on Thursday, reaching $4.63. 1,069,629 shares of the stock traded hands, compared to its average volume of 665,859. The firm has a market cap of $825.39 million, a PE ratio of -17.69 and a beta of 1.36. The company has a 50-day simple moving average of $4.59 and a two-hundred day simple moving average of $5.40. Riskified has a 12-month low of $3.75 and a 12-month high of $6.64.

Riskified (NYSE:RSKD - Get Free Report) last announced its earnings results on Wednesday, August 14th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.02. The firm had revenue of $78.73 million for the quarter, compared to the consensus estimate 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 anticipate that Riskified will post -0.17 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in RSKD. nVerses Capital LLC acquired a new position in Riskified in the second quarter worth about $29,000. Covestor Ltd grew its position in shares of 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. acquired a new stake in Riskified during the second quarter worth about $104,000. Quantbot Technologies LP acquired a new position in Riskified in the third quarter valued at approximately $120,000. Finally, Olympiad Research LP acquired a new stake in shares of Riskified during the 3rd quarter worth approximately $150,000. 58.98% of the stock is currently owned by institutional investors and hedge funds.

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.