Riskified (NYSE:RSKD) Shares Gap Up – What’s Next?

Riskified Ltd. (NYSE:RSKD)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $4.29, but opened at $5.00. Riskified shares last traded at $5.12, with a volume of 365,719 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on RSKD shares. Barclays dropped their price target on shares of Riskified from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Friday, August 16th. The Goldman Sachs Group dropped their price target on shares of Riskified from $6.00 to $4.50 and set a “sell” rating on the stock in a research note on Thursday, August 15th. JPMorgan Chase & Co. upped their price target on shares of Riskified from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. UBS Group dropped their price target on shares of Riskified from $6.00 to $4.75 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Finally, Truist Financial lowered their target price on shares of Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Riskified presently has a consensus rating of “Hold” and a consensus price target of $6.03.

Riskified Stock Performance

The firm has a 50-day moving average price of $4.60 and a two-hundred day moving average price of $5.40.

Riskified (NYSE:RSKD) last posted its earnings results 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. Riskified had a negative return on equity of 8.33% and a negative net margin of 14.57%. The company had revenue of $78.73 million for the quarter, compared to analyst estimates of $78.33 million. On average, equities research analysts predict that Riskified Ltd. will post -0.17 EPS for the current year.

Institutional Investors Weigh In On Riskified

Institutional investors and hedge funds have recently modified their holdings of the company. Tocqueville Asset Management L.P. lifted its holdings in shares of Riskified by 19.3% during the first quarter. Tocqueville Asset Management L.P. now owns 526,000 shares of the company’s stock worth $2,846,000 after purchasing an additional 85,000 shares during the period. Invenomic Capital Management LP lifted its holdings in Riskified by 29.7% in the first quarter. Invenomic Capital Management LP now owns 763,203 shares of the company’s stock valued at $4,129,000 after acquiring an additional 174,953 shares during the period. Tidal Investments LLC acquired a new position in Riskified in the first quarter valued at approximately $547,000. Allspring Global Investments Holdings LLC lifted its holdings in Riskified by 37.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,052,944 shares of the company’s stock valued at $4,980,000 after acquiring an additional 286,603 shares during the period. Finally, Clearline Capital LP lifted its holdings in Riskified by 19.4% in the second quarter. Clearline Capital LP now owns 1,680,228 shares of the company’s stock valued at $10,737,000 after acquiring an additional 272,760 shares during the period. 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.