Riskified (NYSE:RSKD) Given New $4.50 Price Target at The Goldman Sachs Group

Riskified (NYSE:RSKD) had its price objective cut by The Goldman Sachs Group from $6.00 to $4.50 in a report released on Thursday morning, Benzinga reports. They currently have a sell rating on the stock.

Other research analysts also recently issued research reports about the stock. Piper Sandler dropped their price objective on shares of Riskified from $8.00 to $7.00 and set an overweight rating for the company in a research note on Thursday. DA Davidson upped their price target on shares of Riskified from $5.00 to $7.00 and gave the stock a neutral rating in a research report on Thursday, May 16th. UBS Group lifted their price target on shares of Riskified from $5.00 to $6.00 and gave the company a neutral rating in a report on Tuesday, May 21st. Truist Financial restated a buy rating and set a $8.00 price objective (up from $7.50) on shares of Riskified in a report on Thursday, May 16th. Finally, Keefe, Bruyette & Woods increased their target price on Riskified from $5.75 to $6.00 and gave the stock a market perform rating in a research report on Thursday, May 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 stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $6.03.

Riskified Trading Down 0.2 %

Shares of RSKD stock traded down $0.01 during trading hours on Thursday, hitting $4.64. The company’s stock had a trading volume of 848,414 shares, compared to its average volume of 703,853. Riskified has a twelve month low of $3.48 and a twelve month high of $6.64. The stock has a market cap of $827.20 million, a price-to-earnings ratio of -14.97 and a beta of 1.40. The business has a fifty day moving average of $6.14 and a 200-day moving average of $5.53.

Riskified (NYSE:RSKD) last posted its quarterly earnings data on Wednesday, May 15th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. The business had revenue of $76.41 million during the quarter, compared to analyst estimates of $75.40 million. Riskified had a negative net margin of 17.28% and a negative return on equity of 9.55%. On average, equities analysts expect that Riskified will post -0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On Riskified

Several large investors have recently added to or reduced their stakes in the stock. Algert Global LLC boosted its stake in Riskified by 7.1% during the 2nd quarter. Algert Global LLC now owns 43,324 shares of the company’s stock valued at $277,000 after purchasing an additional 2,854 shares during the period. Clearline Capital LP raised its holdings in shares of Riskified by 19.4% during the second quarter. Clearline Capital LP now owns 1,680,228 shares of the company’s stock valued at $10,737,000 after buying an additional 272,760 shares during the last quarter. Susquehanna Fundamental Investments LLC boosted its position in shares of Riskified by 18.2% during the second quarter. Susquehanna Fundamental Investments LLC now owns 75,058 shares of the company’s stock worth $480,000 after buying an additional 11,574 shares during the period. Squarepoint Ops LLC bought a new position in Riskified in the 2nd quarter worth approximately $163,000. Finally, Sei Investments Co. increased its position in Riskified by 110.8% in the 2nd quarter. Sei Investments Co. now owns 34,991 shares of the company’s stock valued at $224,000 after acquiring an additional 18,392 shares during the period. 58.98% of the stock is 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.