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Riskified (NYSE:RSKD) Shares Gap Down After Analyst Downgrade

Riskified logo with Computer and Technology background

Shares of Riskified Ltd. (NYSE:RSKD - Get Free Report) gapped down prior to trading on Friday after UBS Group lowered their price target on the stock from $4.75 to $4.50. The stock had previously closed at $4.63, but opened at $4.46. UBS Group currently has a neutral rating on the stock. Riskified shares last traded at $4.48, with a volume of 163,453 shares.

Several other equities research analysts have also recently issued reports on RSKD. DA Davidson upgraded shares of Riskified to a "hold" rating in a research report on Wednesday, September 11th. Barclays decreased their price target on shares of Riskified from $6.00 to $5.00 and set an "equal weight" rating on the stock in a research note on Friday, August 16th. Piper Sandler restated an "overweight" rating and set a $7.00 price objective on shares of Riskified in a research report on Thursday. JPMorgan Chase & Co. boosted their target price on Riskified from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 20th. Finally, Keefe, Bruyette & Woods dropped their price target on Riskified from $5.50 to $5.25 and set a "market perform" rating for the company in a research note on Thursday. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $5.91.

Check Out Our Latest Analysis on RSKD

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of RSKD. nVerses Capital LLC bought a new stake in shares of Riskified in the 2nd quarter worth about $29,000. Covestor Ltd boosted its position in shares of Riskified by 2,522.7% during the first 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 period. Valmark Advisers Inc. purchased a new position in shares of Riskified during the second quarter valued at approximately $104,000. Quantbot Technologies LP bought a new position in shares of Riskified during the third quarter valued at approximately $120,000. Finally, Olympiad Research LP purchased a new stake in shares of Riskified in the third quarter worth approximately $150,000. 58.98% of the stock is owned by hedge funds and other institutional investors.

Riskified Trading Down 6.3 %

The stock has a 50 day moving average of $4.59 and a 200-day moving average of $5.39. The stock has a market capitalization of $773.71 million, a P/E ratio of -21.70 and a beta of 1.36.

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

About Riskified

(Get Free Report)

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.

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