Riskified (NYSE:RSKD) PT Raised to $6.00 at UBS Group

Riskified (NYSE:RSKD) had its price target boosted by investment analysts at UBS Group from $5.00 to $6.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential downside of 1.88% from the company’s previous close.

A number of other analysts have also recently commented on RSKD. Piper Sandler upped their price target on Riskified from $7.00 to $8.00 and gave the stock an “overweight” rating in a research report on Thursday, May 16th. Truist Financial reissued a “buy” rating and set a $8.00 price target (up from $7.50) on shares of Riskified in a research note on Thursday, May 16th. DA Davidson increased their price target on Riskified from $5.00 to $7.00 and gave the company a “neutral” rating in a research note on Thursday, May 16th. Barclays increased their price target on Riskified from $5.00 to $6.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Keefe, Bruyette & Woods raised their price objective on Riskified from $5.75 to $6.00 and gave the company a “market perform” rating in a research note on Thursday, May 16th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Riskified has a consensus rating of “Hold” and an average price target of $6.63.

Riskified Stock Up 1.2 %

Shares of RSKD stock opened at $6.12 on Tuesday. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -19.73 and a beta of 1.31. The business’s fifty day moving average is $5.29 and its 200 day moving average is $4.75. Riskified has a twelve month low of $3.48 and a twelve month high of $6.29.

Riskified (NYSE:RSKD) last released its earnings results on Tuesday, March 5th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.04. The business had revenue of $84.07 million for the quarter, compared to the consensus estimate of $83.87 million. Riskified had a negative return on equity of 9.55% and a negative net margin of 17.28%. Equities research analysts expect that Riskified will post -0.17 earnings per share for the current fiscal year.

Institutional Trading of Riskified

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rubric Capital Management LP lifted its holdings in shares of Riskified by 159.2% in the 4th quarter. Rubric Capital Management LP now owns 4,173,636 shares of the company’s stock valued at $19,533,000 after buying an additional 2,563,384 shares during the period. Formation8 GP LLC purchased a new stake in Riskified during the 4th quarter worth approximately $7,949,000. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Riskified by 78.6% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,826,923 shares of the company’s stock valued at $16,390,000 after purchasing an additional 1,684,202 shares in the last quarter. Invenomic Capital Management LP purchased a new stake in shares of Riskified in the fourth quarter valued at approximately $2,753,000. Finally, Capital World Investors grew its position in shares of Riskified by 6.3% in the fourth quarter. Capital World Investors now owns 9,774,367 shares of the company’s stock valued at $45,744,000 after purchasing an additional 580,000 shares in the last quarter. 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.