Riskified (NYSE:RSKD) Receives “Overweight” Rating from Piper Sandler

Piper Sandler reiterated their overweight rating on shares of Riskified (NYSE:RSKD) in a research note published on Thursday morning,Benzinga reports. The brokerage currently has a $7.00 price target on the stock.

Other analysts also recently issued reports about the company. Truist Financial lowered their price objective on Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. UBS Group decreased their target price on Riskified from $6.00 to $4.75 and set a “neutral” rating for the company in a research report on Thursday, August 15th. JPMorgan Chase & Co. lifted their price target on Riskified from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. The Goldman Sachs Group dropped their price target on shares of Riskified from $6.00 to $4.50 and set a “sell” rating for the company in a research report on Thursday, August 15th. Finally, Barclays cut their price objective on Riskified from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Riskified currently has an average rating of “Hold” and an average target price of $5.91.

Riskified Stock Down 5.6 %

Shares of RSKD traded down $0.26 during mid-day trading on Thursday, hitting $4.37. 1,261,810 shares of the company’s stock were exchanged, compared to its average volume of 668,543. The stock’s 50-day simple moving average is $4.59 and its 200-day simple moving average is $5.39. The firm has a market cap of $779.06 million, a price-to-earnings ratio of -21.70 and a beta of 1.36. Riskified has a 52 week low of $3.90 and a 52 week high of $6.64.

Riskified (NYSE:RSKD) last posted its quarterly earnings data 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. Riskified had a negative net margin of 10.72% and a negative return on equity of 5.77%. The company had revenue of $78.73 million during the quarter, compared to analysts’ expectations of $78.33 million. Analysts forecast that Riskified will post -0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Riskified

Institutional investors and hedge funds have recently made changes to their positions in the business. nVerses Capital LLC purchased a new stake in shares of Riskified in the 2nd quarter worth approximately $29,000. Covestor Ltd boosted its stake in Riskified by 2,522.7% in the 1st quarter. Covestor Ltd now owns 7,842 shares of the company’s stock worth $43,000 after purchasing an additional 7,543 shares in the last quarter. Valmark Advisers Inc. purchased a new stake in Riskified during the 2nd quarter valued at about $104,000. Quantbot Technologies LP bought a new stake in Riskified during the 3rd quarter valued at about $120,000. Finally, Olympiad Research LP bought a new position in shares of Riskified in the third quarter worth approximately $150,000. Institutional investors own 58.98% of the company’s stock.

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.