Riskified (NYSE:RSKD) Shares Gap Down on Analyst Downgrade

Riskified Ltd. (NYSE:RSKD)’s share price gapped down prior to trading on Friday after UBS Group lowered their price target on the stock from $4.75 to $4.50. The stock had previously closed at $4.63, but opened at $4.46. UBS Group currently has a neutral rating on the stock. Riskified shares last traded at $4.48, with a volume of 163,453 shares trading hands.

Other equities research analysts also recently issued research reports about the company. DA Davidson upgraded Riskified to a “hold” rating in a report on Wednesday, September 11th. JPMorgan Chase & Co. increased their price target on shares of Riskified from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Piper Sandler restated an “overweight” rating and issued a $7.00 price objective on shares of Riskified in a report on Thursday. Truist Financial cut 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. Finally, Barclays decreased their price target on shares of Riskified from $6.00 to $5.00 and set an “equal weight” rating for the company in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $5.91.

Institutional Investors Weigh In On Riskified

Several institutional investors have recently modified their holdings of RSKD. Clearline Capital LP raised its position in shares of Riskified by 10.3% during the 3rd quarter. Clearline Capital LP now owns 1,853,922 shares of the company’s stock worth $8,769,000 after acquiring an additional 173,694 shares in the last quarter. Josh Arnold Investment Consultant LLC purchased a new stake in shares of Riskified during the 3rd quarter worth approximately $378,000. PDT Partners LLC grew its position in shares of Riskified by 37.2% in the 3rd quarter. PDT Partners LLC now owns 97,317 shares of the company’s stock valued at $460,000 after buying an additional 26,365 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Riskified during the 3rd quarter worth $120,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its stake in Riskified by 76.0% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,734,508 shares of the company’s stock valued at $31,854,000 after acquiring an additional 2,907,585 shares in the last quarter. 58.98% of the stock is owned by hedge funds and other institutional investors.

Riskified Stock Down 3.2 %

The company has a market cap of $798.65 million, a PE ratio of -23.15 and a beta of 1.36. The firm has a fifty day simple moving average of $4.59 and a 200-day simple moving average of $5.39.

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

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.