The Goldman Sachs Group Cuts Riskified (NYSE:RSKD) Price Target to $4.00

Riskified (NYSE:RSKD) had its price target decreased by The Goldman Sachs Group from $4.50 to $4.00 in a research report released on Monday,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

Other equities research analysts have also issued reports about the stock. Truist Financial decreased their price objective on shares of Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Piper Sandler reissued an “overweight” rating and issued a $7.00 target price on shares of Riskified in a research note on Thursday, November 14th. Barclays cut their target price on shares of Riskified from $6.00 to $5.00 and set an “equal weight” rating for the company in a research note on Friday, August 16th. UBS Group cut their target price on shares of Riskified from $4.75 to $4.50 and set a “neutral” rating for the company in a research note on Thursday, November 14th. Finally, DA Davidson raised shares of Riskified to a “hold” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $5.84.

Riskified Trading Up 2.3 %

RSKD stock opened at $4.99 on Monday. Riskified has a twelve month low of $4.02 and a twelve month high of $6.64. The company’s 50 day moving average is $4.56 and its two-hundred day moving average is $5.32. The stock has a market cap of $889.57 million, a P/E ratio of -24.85 and a beta of 1.38.

Riskified (NYSE:RSKD) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Riskified had a negative net margin of 10.72% and a negative return on equity of 6.00%. The firm had revenue of $78.80 million for the quarter, compared to analyst estimates of $75.01 million. During the same period last year, the firm posted ($0.12) EPS. Riskified’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities research analysts predict that Riskified will post -0.15 earnings per share for the current year.

Riskified declared that its board has approved a share buyback plan on Wednesday, November 13th that authorizes the company to buyback $75.00 million in shares. This buyback authorization authorizes the company to reacquire up to 9% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Riskified

Institutional investors and hedge funds have recently bought and sold shares of the business. nVerses Capital LLC acquired a new stake in Riskified during the 2nd quarter worth approximately $29,000. Valmark Advisers Inc. purchased a new position in Riskified in the 2nd quarter worth approximately $104,000. Quantbot Technologies LP purchased a new position in Riskified in the 3rd quarter worth approximately $120,000. Squarepoint Ops LLC purchased a new position in Riskified in the 2nd quarter worth approximately $163,000. Finally, Olympiad Research LP purchased a new position in shares of Riskified during the 3rd quarter valued at approximately $150,000. 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.