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

Riskified (NYSE:RSKD - Get Free Report) had its price target cut 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 price objective indicates a potential downside of 2.81% from the stock's current price.

Several other equities research analysts have also recently weighed in on RSKD. Truist Financial decreased their price target on Riskified from $8.00 to $7.00 and set a "buy" rating on the stock in a research report on Thursday, August 15th. Keefe, Bruyette & Woods cut their price objective on Riskified from $5.50 to $5.25 and set a "market perform" rating for the company in a report on Thursday. DA Davidson raised Riskified to a "hold" rating in a report on Wednesday, September 11th. JPMorgan Chase & Co. boosted 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. Finally, The Goldman Sachs Group cut their price objective on Riskified from $6.00 to $4.50 and set a "sell" rating for the company in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $5.91.

Riskified Trading Up 1.5 %

NYSE RSKD traded up $0.07 during mid-day trading on Thursday, hitting $4.63. The company's stock had a trading volume of 1,069,651 shares, compared to its average volume of 665,859. The firm has a market capitalization of $825.39 million, a price-to-earnings ratio of -17.81 and a beta of 1.36. The company's 50 day simple moving average is $4.59 and its 200 day simple moving average is $5.39. Riskified has a twelve month low of $3.75 and a twelve month high of $6.64.

Riskified (NYSE:RSKD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. As a group, research analysts forecast that Riskified will post -0.17 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. PDT Partners LLC raised its stake in Riskified by 37.2% during the 3rd quarter. PDT Partners LLC now owns 97,317 shares of the company's stock valued at $460,000 after purchasing an additional 26,365 shares during the period. Quantbot Technologies LP bought a new stake in Riskified during the 3rd quarter valued at approximately $120,000. Clal Insurance Enterprises Holdings Ltd raised its stake in Riskified by 76.0% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,734,508 shares of the company's stock valued at $31,854,000 after purchasing an additional 2,907,585 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in Riskified by 61.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 313,143 shares of the company's stock valued at $1,481,000 after purchasing an additional 119,038 shares during the period. Finally, Jennison Associates LLC raised its stake in Riskified by 11.2% during the 3rd quarter. Jennison Associates LLC now owns 5,682,144 shares of the company's stock valued at $26,877,000 after purchasing an additional 573,596 shares during the period. 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.