Piper Sandler Lowers Riskified (NYSE:RSKD) Price Target to $6.00

Riskified (NYSE:RSKDFree Report) had its price objective decreased by Piper Sandler from $7.00 to $6.00 in a research report report published on Wednesday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Several other research analysts also recently weighed in on RSKD. The Goldman Sachs Group lowered their target price on Riskified from $4.50 to $4.00 and set a “sell” rating on the stock in a research note on Monday, December 2nd. DA Davidson upgraded shares of Riskified to a “hold” rating in a research report on Thursday, November 14th. Keefe, Bruyette & Woods cut their price objective on shares of Riskified from $5.50 to $5.25 and set a “market perform” rating for the company in a research report on Thursday, November 14th. Finally, UBS Group lowered their target price on shares of Riskified from $4.75 to $4.50 and set a “neutral” rating on the stock in a report on Thursday, November 14th. One equities research 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 stock presently has a consensus rating of “Hold” and a consensus target price of $5.72.

View Our Latest Research Report on Riskified

Riskified Price Performance

RSKD stock opened at $4.72 on Wednesday. Riskified has a 12 month low of $4.14 and a 12 month high of $6.64. The company has a market cap of $841.46 million, a price-to-earnings ratio of -23.60 and a beta of 1.37. The company has a fifty day moving average price of $4.72 and a 200 day moving average price of $5.09.

Riskified (NYSE:RSKDGet Free Report) last announced its earnings results on Wednesday, November 13th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Riskified had a negative net margin of 10.72% and a negative return on equity of 6.00%. The business had revenue of $78.80 million during the quarter, compared to analysts’ expectations of $75.01 million. During the same period in the prior year, the company earned ($0.12) earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. As a group, analysts anticipate that Riskified will post -0.15 earnings per share for the current year.

Riskified declared that its Board of Directors has initiated a share buyback plan on Wednesday, November 13th that authorizes the company to repurchase $75.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Institutional Trading of Riskified

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Clal Insurance Enterprises Holdings Ltd increased its holdings in Riskified by 76.0% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,734,508 shares of the company’s stock valued at $31,854,000 after buying an additional 2,907,585 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Riskified by 11.2% in the 3rd quarter. Jennison Associates LLC now owns 5,682,144 shares of the company’s stock worth $26,877,000 after acquiring an additional 573,596 shares during the period. Harvey Partners LLC increased its stake in Riskified by 9.7% in the 3rd quarter. Harvey Partners LLC now owns 3,227,500 shares of the company’s stock valued at $15,266,000 after purchasing an additional 286,500 shares in the last quarter. Clearline Capital LP raised its holdings in Riskified by 10.3% during the third quarter. Clearline Capital LP now owns 1,853,922 shares of the company’s stock worth $8,769,000 after purchasing an additional 173,694 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Riskified by 17.2% during the second quarter. Renaissance Technologies LLC now owns 1,118,900 shares of the company’s stock worth $7,150,000 after purchasing an additional 164,600 shares in the last quarter. Institutional investors and hedge funds own 58.98% of the company’s stock.

About Riskified

(Get Free Report)

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.

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