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

Riskified (NYSE:RSKD) had its target price trimmed by UBS Group from $4.75 to $4.50 in a report published on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

RSKD has been the topic of a number of other reports. The Goldman Sachs Group dropped their target price on shares of Riskified from $6.00 to $4.50 and set a “sell” rating on the stock in a report on Thursday, August 15th. Keefe, Bruyette & Woods dropped their price objective on shares of Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a research note on Thursday. Piper Sandler restated an “overweight” rating and issued a $7.00 target price on shares of Riskified in a research note on Thursday. DA Davidson upgraded Riskified to a “hold” rating in a research report on Wednesday, September 11th. Finally, Truist Financial reduced their price objective on Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Riskified has an average rating of “Hold” and an average target price of $5.91.

Riskified Price Performance

RSKD opened at $4.34 on Thursday. Riskified has a 1-year low of $3.90 and a 1-year high of $6.64. The company has a 50-day moving average of $4.58 and a 200-day moving average of $5.39.

Riskified (NYSE:RSKD) last released its earnings results on Wednesday, August 14th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The company had revenue of $78.73 million for the quarter, compared to the consensus estimate of $78.33 million. Riskified had a negative return on equity of 6.00% and a negative net margin of 10.72%. On average, sell-side analysts anticipate that Riskified will post -0.16 earnings per share for the current fiscal year.

Institutional Trading of Riskified

Several hedge funds have recently added to or reduced their stakes in RSKD. Tocqueville Asset Management L.P. grew its stake in shares of Riskified by 19.3% in the first quarter. Tocqueville Asset Management L.P. now owns 526,000 shares of the company’s stock worth $2,846,000 after purchasing an additional 85,000 shares in the last quarter. Invenomic Capital Management LP grew its position in Riskified by 29.7% in the 1st quarter. Invenomic Capital Management LP now owns 763,203 shares of the company’s stock valued at $4,129,000 after buying an additional 174,953 shares in the last quarter. Tidal Investments LLC bought a new position in Riskified in the 1st quarter valued at about $547,000. Allspring Global Investments Holdings LLC increased its stake in Riskified by 37.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,052,944 shares of the company’s stock valued at $4,980,000 after buying an additional 286,603 shares during the period. Finally, Clearline Capital LP raised its position in shares of Riskified by 19.4% during the 2nd quarter. Clearline Capital LP now owns 1,680,228 shares of the company’s stock worth $10,737,000 after buying an additional 272,760 shares in the last quarter. Institutional investors own 58.98% of the company’s stock.

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.