Riskified (NYSE:RSKD) Given New $4.00 Price Target at The Goldman Sachs Group

Riskified (NYSE:RSKD) had its target price trimmed by The Goldman Sachs Group from $4.50 to $4.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has a sell rating on the stock.

Several other equities research analysts have also issued reports on the stock. Truist Financial dropped their price objective on shares of Riskified from $8.00 to $7.00 and set a “buy” rating for the company 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 report on Thursday, November 14th. DA Davidson upgraded Riskified to a “hold” rating in a research note on Thursday, November 14th. Keefe, Bruyette & Woods dropped their target price on Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Riskified from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. 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 MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $5.84.

Riskified Price Performance

RSKD opened at $4.78 on Monday. The stock has a market capitalization of $851.26 million, a price-to-earnings ratio of -24.15 and a beta of 1.36. Riskified has a 12 month low of $4.01 and a 12 month high of $6.64. The business has a 50-day moving average of $4.56 and a two-hundred day moving average of $5.34.

Riskified (NYSE:RSKD) last issued its quarterly earnings results on Wednesday, November 13th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. The firm had revenue of $78.80 million during the quarter, compared to analyst estimates of $75.01 million. Riskified had a negative net margin of 10.72% and a negative return on equity of 6.00%. Riskified’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.12) earnings per share. Equities research analysts anticipate that Riskified will post -0.15 earnings per share for the current year.

Riskified declared that its board has approved a share buyback plan on Wednesday, November 13th that authorizes the company to buyback $75.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of RSKD. nVerses Capital LLC acquired a new stake in Riskified in the second quarter worth $29,000. Valmark Advisers Inc. acquired a new stake in shares of Riskified in the 2nd quarter worth about $104,000. Quantbot Technologies LP bought a new stake in Riskified in the 3rd quarter valued at about $120,000. Squarepoint Ops LLC acquired a new position in Riskified during the 2nd quarter valued at about $163,000. Finally, Olympiad Research LP acquired a new position in Riskified during the 3rd quarter valued at about $150,000. 58.98% of the stock is owned by institutional investors and hedge funds.

About Riskified

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.