Riskified (NYSE:RSKD) Given New $7.00 Price Target at Piper Sandler

Riskified (NYSE:RSKD) had its target price reduced by Piper Sandler from $8.00 to $7.00 in a report released on Thursday, Benzinga reports. They currently have an overweight rating on the stock.

Several other research analysts also recently issued reports on the company. The Goldman Sachs Group downgraded Riskified from a neutral rating to a sell rating and set a $6.00 price objective for the company. in a research report on Wednesday, July 10th. Keefe, Bruyette & Woods increased their price objective on Riskified from $5.75 to $6.00 and gave the company a market perform rating in a research note on Thursday, May 16th. UBS Group boosted their target price on shares of Riskified from $5.00 to $6.00 and gave the company a neutral rating in a research note on Tuesday, May 21st. JPMorgan Chase & Co. raised their price target on shares of Riskified from $6.00 to $7.00 and gave the stock a neutral rating in a research note on Thursday, May 16th. Finally, Truist Financial reaffirmed a buy rating and issued a $8.00 target price (up from $7.50) on shares of Riskified in a research note on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, five have assigned 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 a consensus target price of $6.03.

Riskified Price Performance

Riskified stock traded down $0.01 during trading hours on Thursday, hitting $4.64. The stock had a trading volume of 758,478 shares, compared to its average volume of 702,997. The stock has a market capitalization of $827.20 million, a price-to-earnings ratio of -14.97 and a beta of 1.40. Riskified has a 1-year low of $3.48 and a 1-year high of $6.64. The stock’s fifty day moving average is $6.14 and its two-hundred day moving average is $5.53.

Riskified (NYSE:RSKD) last posted its earnings results on Wednesday, May 15th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.01. Riskified had a negative net margin of 17.28% and a negative return on equity of 9.55%. The firm had revenue of $76.41 million during the quarter, compared to the consensus estimate of $75.40 million. As a group, sell-side analysts anticipate that Riskified will post -0.17 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in RSKD. Algert Global LLC increased its stake in Riskified by 7.1% during the second quarter. Algert Global LLC now owns 43,324 shares of the company’s stock worth $277,000 after acquiring an additional 2,854 shares during the last quarter. Clearline Capital LP increased its position in 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 purchasing an additional 272,760 shares in the last quarter. Susquehanna Fundamental Investments LLC raised its holdings in Riskified by 18.2% in the second quarter. Susquehanna Fundamental Investments LLC now owns 75,058 shares of the company’s stock valued at $480,000 after buying an additional 11,574 shares during the period. Squarepoint Ops LLC purchased a new position in Riskified in the second quarter valued at approximately $163,000. Finally, Sei Investments Co. lifted its position in Riskified by 110.8% during the second quarter. Sei Investments Co. now owns 34,991 shares of the company’s stock valued at $224,000 after buying an additional 18,392 shares in the last quarter. 58.98% of the stock is owned by hedge funds and other institutional investors.

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.