Riskified (NYSE:RSKD) Price Target Raised to $5.50

Riskified (NYSE:RSKD) had its price objective boosted by UBS Group from $5.00 to $5.50 in a research note issued to investors on Thursday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other research analysts have also weighed in on RSKD. Wall Street Zen lowered Riskified from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. DA Davidson lowered their target price on shares of Riskified from $6.50 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, August 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Riskified in a research note on Wednesday, October 8th. Piper Sandler decreased their price objective on shares of Riskified from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Monday, August 18th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a report on Tuesday, August 19th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Riskified has an average rating of “Hold” and an average price target of $5.89.

Riskified Price Performance

Shares of NYSE:RSKD opened at $4.48 on Thursday. The company’s 50-day moving average price is $4.72 and its two-hundred day moving average price is $4.88. Riskified has a one year low of $3.94 and a one year high of $5.99. The stock has a market capitalization of $722.22 million, a PE ratio of -19.48 and a beta of 1.36.

Riskified (NYSE:RSKD) last released its earnings results on Wednesday, November 12th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. Riskified had a negative return on equity of 7.87% and a negative net margin of 11.04%.The business had revenue of $81.86 million for the quarter, compared to the consensus estimate of $80.25 million. During the same quarter in the previous year, the business earned $0.03 earnings per share. Riskified’s quarterly revenue was up 3.9% on a year-over-year basis. Riskified has set its FY 2025 guidance at EPS. On average, analysts anticipate that Riskified will post -0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Riskified

Several large investors have recently modified their holdings of RSKD. Raymond James Financial Inc. acquired a new position in Riskified in the 2nd quarter valued at about $36,000. Orion Porfolio Solutions LLC bought a new stake in shares of Riskified during the second quarter worth approximately $54,000. Virtu Financial LLC acquired a new position in shares of Riskified in the third quarter valued at approximately $51,000. Invesco Ltd. bought a new position in shares of Riskified during the first quarter worth approximately $51,000. Finally, Savant Capital LLC bought a new position in shares of Riskified during the second quarter worth approximately $57,000. 58.98% of the stock is owned by institutional investors.

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.