Riskified (NYSE:RSKD) Shares Gap Down Following Analyst Downgrade

Riskified Ltd. (NYSE:RSKD)’s stock price gapped down prior to trading on Friday after UBS Group lowered their price target on the stock from $4.75 to $4.50. The stock had previously closed at $4.63, but opened at $4.46. UBS Group currently has a neutral rating on the stock. Riskified shares last traded at $4.48, with a volume of 163,453 shares trading hands.

Other analysts have also issued research reports about the stock. DA Davidson raised shares of Riskified to a “hold” rating in a research report on Wednesday, September 11th. Truist Financial dropped their target price on Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Piper Sandler reiterated an “overweight” rating and issued a $7.00 price target on shares of Riskified in a research report on Thursday. Keefe, Bruyette & Woods dropped their price objective on Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a report on Thursday. Finally, Barclays reduced their target price on Riskified from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Friday, August 16th. One investment 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $5.91.

Institutional Investors Weigh In On Riskified

Institutional investors have recently made changes to their positions in the company. nVerses Capital LLC bought a new position in shares of Riskified in the 2nd quarter worth $29,000. Covestor Ltd lifted its position in shares of Riskified by 2,522.7% during the first quarter. Covestor Ltd now owns 7,842 shares of the company’s stock valued at $43,000 after buying an additional 7,543 shares during the last quarter. Valmark Advisers Inc. bought a new stake in shares of Riskified in the 2nd quarter valued at about $104,000. Quantbot Technologies LP purchased a new position in shares of Riskified in the 3rd quarter worth approximately $120,000. Finally, Olympiad Research LP bought a new position in shares of Riskified during the 3rd quarter worth approximately $150,000. Institutional investors own 58.98% of the company’s stock.

Riskified Price Performance

The company has a market cap of $773.71 million, a PE ratio of -21.70 and a beta of 1.36. The stock’s 50-day moving average is $4.58 and its 200 day moving average is $5.38.

Riskified (NYSE:RSKD) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.04) earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $78.33 million. On average, analysts expect that Riskified Ltd. will post -0.17 EPS for the current year.

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.