Riskified (NYSE:RSKD) Given New $5.50 Price Target at UBS Group

Riskified (NYSE:RSKD) had its price target lifted by research analysts at UBS Group from $5.00 to $5.50 in a report released on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential upside of 9.67% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Keefe, Bruyette & Woods reduced their price target on Riskified from $5.50 to $5.25 and set a “market perform” rating for the company in a research report on Tuesday, August 19th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a report on Wednesday, October 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 research note on Tuesday, August 19th. Piper Sandler reduced their price target on shares of Riskified from $7.00 to $6.00 and set an “overweight” rating for the company in a research note on Monday, August 18th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating on shares of Riskified in a report on Wednesday, August 20th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $5.89.

Riskified Stock Down 1.3%

NYSE RSKD traded down $0.07 during trading hours on Thursday, hitting $5.02. The company had a trading volume of 211,875 shares, compared to its average volume of 534,049. The firm has a market cap of $808.46 million, a P/E ratio of -20.90 and a beta of 1.36. Riskified has a fifty-two week low of $3.94 and a fifty-two week high of $5.99. The business has a fifty day simple moving average of $4.72 and a 200-day simple moving average of $4.88.

Riskified (NYSE:RSKD) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. The business had revenue of $81.86 million during the quarter, compared to analyst estimates of $80.25 million. Riskified had a negative net margin of 11.70% and a negative return on equity of 8.27%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.03 earnings per share. Riskified has set its FY 2025 guidance at EPS. Equities analysts forecast that Riskified will post -0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Riskified

A number of hedge funds and other institutional investors have recently modified their holdings of RSKD. Raymond James Financial Inc. acquired a new stake in Riskified during the 2nd quarter worth about $36,000. Invesco Ltd. purchased a new position in shares of Riskified in the first quarter worth approximately $51,000. Orion Porfolio Solutions LLC acquired a new stake in shares of Riskified during the second quarter valued at approximately $54,000. Savant Capital LLC purchased a new stake in shares of Riskified in the 2nd quarter valued at approximately $57,000. Finally, Thrivent Financial for Lutherans purchased a new stake in shares of Riskified in the 3rd quarter valued at approximately $85,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

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.