UBS Group Has Lowered Expectations for Riskified (NYSE:RSKD) Stock Price

Riskified (NYSE:RSKD) had its price target cut by equities researchers at UBS Group from $4.75 to $4.50 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price indicates a potential upside of 3.69% from the stock’s previous close.

RSKD has been the subject of a number of other reports. The Goldman Sachs Group dropped their target price on shares of Riskified from $6.00 to $4.50 and set a “sell” rating for the company in a research note on Thursday, August 15th. Truist Financial reduced their price objective on Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. DA Davidson raised shares of Riskified to a “hold” rating in a research note on Wednesday, September 11th. Keefe, Bruyette & Woods reduced 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. Finally, Barclays decreased their target price on Riskified from $6.00 to $5.00 and set an “equal weight” rating for the company in a research note on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $5.91.

Riskified Trading Down 6.3 %

NYSE RSKD opened at $4.34 on Thursday. Riskified has a 1-year low of $3.90 and a 1-year high of $6.64. The company has a 50 day moving average of $4.58 and a 200-day moving average of $5.38. The firm has a market cap of $773.71 million, a price-to-earnings ratio of -21.70 and a beta of 1.36.

Riskified (NYSE:RSKD) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.02. The firm had revenue of $78.73 million during the quarter, compared to the consensus estimate of $78.33 million. Riskified had a negative return on equity of 5.77% and a negative net margin of 10.72%. On average, analysts forecast that Riskified will post -0.17 earnings per share for the current year.

Institutional Inflows and Outflows

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