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

Riskified (NYSE:RSKD) had its price objective lowered by research analysts at Keefe, Bruyette & Woods from $5.50 to $5.25 in a report released on Thursday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 15.13% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. DA Davidson upgraded shares of Riskified to a “hold” rating in a report on Wednesday, September 11th. JPMorgan Chase & Co. upped their price target on shares of Riskified from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. The Goldman Sachs Group cut their target price on shares of Riskified from $6.00 to $4.50 and set a “sell” rating for the company in a research note on Thursday, August 15th. UBS Group decreased their target price on shares of Riskified from $6.00 to $4.75 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Finally, Barclays cut their price objective on shares of 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 equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Riskified currently has an average rating of “Hold” and a consensus target price of $5.94.

Riskified Trading Up 6.3 %

NYSE RSKD opened at $4.56 on Thursday. The firm has a market cap of $812.91 million, a PE ratio of -17.54 and a beta of 1.36. Riskified has a 1-year low of $3.75 and a 1-year high of $6.64. The stock has a 50-day moving average of $4.59 and a 200-day moving average of $5.40.

Riskified (NYSE:RSKD) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.04) earnings per share 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 analyst estimates of $78.33 million. Riskified had a negative return on equity of 8.33% and a negative net margin of 14.57%. As a group, equities research analysts forecast that Riskified will post -0.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RSKD. Swiss National Bank boosted its stake in Riskified by 7.1% during the first quarter. Swiss National Bank now owns 183,213 shares of the company’s stock worth $991,000 after buying an additional 12,200 shares during the period. Russell Investments Group Ltd. acquired a new stake in Riskified in the 1st quarter valued at approximately $219,000. Lord Abbett & CO. LLC purchased a new stake in Riskified in the first quarter valued at approximately $204,000. Tocqueville Asset Management L.P. lifted its stake in Riskified by 19.3% during 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. Finally, Acadian Asset Management LLC boosted its position in shares of Riskified by 0.9% during the first quarter. Acadian Asset Management LLC now owns 879,179 shares of the company’s stock worth $4,743,000 after buying an additional 7,644 shares during the period. 58.98% of the stock is currently owned by institutional investors and hedge funds.

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.