Keefe, Bruyette & Woods Issues Pessimistic Forecast for Riskified (NYSE:RSKD) Stock Price

Riskified (NYSE:RSKD) had its price objective decreased by Keefe, Bruyette & Woods from $5.50 to $5.25 in a research note issued to investors on Thursday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

A number of other equities research analysts have also recently issued reports on RSKD. JPMorgan Chase & Co. upped their target price on shares of Riskified from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. DA Davidson upgraded Riskified to a “hold” rating in a research note on Wednesday, September 11th. Truist Financial cut 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. 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. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $7.00 target price on shares of Riskified in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Riskified presently has an average rating of “Hold” and a consensus price target of $5.91.

Riskified Stock Performance

NYSE RSKD traded down $0.26 during trading hours on Thursday, hitting $4.37. 1,261,810 shares of the company traded hands, compared to its average volume of 668,543. The stock has a market capitalization of $779.06 million, a price-to-earnings ratio of -21.70 and a beta of 1.36. Riskified has a twelve month low of $3.90 and a twelve month high of $6.64. The business’s 50-day moving average is $4.59 and its 200-day moving average is $5.39.

Riskified (NYSE:RSKD) last issued its earnings results 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. Riskified had a negative net margin of 10.72% and a negative return on equity of 5.77%. The business had revenue of $78.73 million for the quarter, compared to the consensus estimate of $78.33 million. Analysts predict that Riskified will post -0.17 EPS for the current year.

Institutional Trading of Riskified

Hedge funds have recently modified their holdings of the stock. Algert Global LLC boosted 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 in the last quarter. nVerses Capital LLC acquired a new position in shares of Riskified during the second quarter valued at about $29,000. State Street Corp boosted its position in shares of Riskified by 0.9% during the 3rd quarter. State Street Corp now owns 745,593 shares of the company’s stock worth $3,527,000 after purchasing an additional 6,927 shares in the last quarter. Quadrature Capital Ltd grew its stake in shares of Riskified by 16.7% in the 1st quarter. Quadrature Capital Ltd now owns 50,357 shares of the company’s stock valued at $272,000 after buying an additional 7,200 shares during the period. Finally, Covestor Ltd increased its position in Riskified by 2,522.7% in the 1st quarter. Covestor Ltd now owns 7,842 shares of the company’s stock valued at $43,000 after buying an additional 7,543 shares in the last quarter. Institutional investors 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.