UBS Group Issues Pessimistic Forecast for Riskified (NYSE:RSKD) Stock Price

Riskified (NYSE:RSKD) had its price objective reduced by equities researchers at UBS Group from $4.75 to $4.50 in a report released on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective would indicate a potential downside of 2.39% from the company’s previous close.

RSKD has been the topic of a number of other reports. Keefe, Bruyette & Woods cut their target price on shares of Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a research note on Thursday. Barclays dropped 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. JPMorgan Chase & Co. lifted their price objective 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. DA Davidson raised Riskified to a “hold” rating in a report on Wednesday, September 11th. Finally, Truist Financial decreased their price target on Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $5.91.

Riskified Price Performance

Shares of RSKD stock traded up $0.05 during trading on Thursday, reaching $4.61. The company’s stock had a trading volume of 74,306 shares, compared to its average volume of 661,355. Riskified has a 1-year low of $3.75 and a 1-year high of $6.64. The stock’s 50-day moving average price is $4.59 and its 200 day moving average price is $5.40. The company has a market capitalization of $821.82 million, a price-to-earnings ratio of -17.69 and a beta of 1.36.

Riskified (NYSE:RSKD) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.02. Riskified had a negative net margin of 14.57% and a negative return on equity of 8.33%. The business had revenue of $78.73 million during the quarter, compared to the consensus estimate of $78.33 million. On average, sell-side analysts anticipate that Riskified will post -0.17 EPS for the current fiscal year.

Institutional Trading of Riskified

Hedge funds and other institutional investors have recently made changes to their positions in the company. nVerses Capital LLC purchased a new position in shares of Riskified during the second quarter worth approximately $29,000. Covestor Ltd grew its position in Riskified by 2,522.7% during the 1st quarter. Covestor Ltd now owns 7,842 shares of the company’s stock worth $43,000 after purchasing an additional 7,543 shares during the last quarter. Valmark Advisers Inc. acquired a new position in Riskified in the second quarter valued at $104,000. Quantbot Technologies LP purchased a new stake in shares of Riskified in the third quarter valued at about $120,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Riskified during the second quarter worth about $163,000. Institutional investors and hedge funds 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.