Keefe, Bruyette & Woods Cuts Riskified (NYSE:RSKD) Price Target to $5.25

Riskified (NYSE:RSKD) had its target price lowered by stock analysts at Keefe, Bruyette & Woods from $5.50 to $5.25 in a report released on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 20.97% from the stock’s previous close.

Other analysts have also issued reports about the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $7.00 price objective on shares of Riskified in a research note on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Riskified from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Barclays cut their price target on Riskified from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Friday, August 16th. DA Davidson upgraded Riskified to a “hold” rating in a research note on Wednesday, September 11th. Finally, Truist Financial lowered their target price on shares of Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $5.91.

Riskified Stock Performance

Riskified stock opened at $4.34 on Thursday. The company has a market capitalization of $773.71 million, a PE ratio of -21.70 and a beta of 1.36. The company has a 50 day moving average price of $4.58 and a 200-day moving average price of $5.38. Riskified has a fifty-two week low of $3.90 and a fifty-two week high of $6.64.

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

Hedge Funds Weigh In On Riskified

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new position in Riskified in the 2nd quarter worth approximately $29,000. Covestor Ltd boosted its holdings in shares of Riskified by 2,522.7% in the 1st quarter. Covestor Ltd now owns 7,842 shares of the company’s stock valued at $43,000 after acquiring an additional 7,543 shares during the last quarter. Valmark Advisers Inc. acquired a new stake in shares of Riskified in the second quarter worth $104,000. Quantbot Technologies LP purchased a new position in shares of Riskified during the third quarter worth $120,000. Finally, Olympiad Research LP acquired a new position in Riskified during the third quarter valued at $150,000. Hedge funds and other 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.