Riskified Ltd. (NYSE: RSKD – Get Rating) earned an average “buy” recommendation from the eight analysts currently covering the company, Marketbeat.com reports. One investment analyst has assigned the stock a sell rating, two have issued a hold rating and five have assigned the company a buy rating. The 12-month average price target among analysts who have updated their coverage of the stock over the past year is $11.93.
Several research analysts have recently released reports on the stock. Barclays cut its price target on shares of Riskified from $8.00 to $7.00 and set an “overweight” rating on the stock in a Monday May 23 report. Goldman Sachs Group cut its price target on shares of Riskified from $7.00 to $6.50 and set a “sell” rating on the stock in a Friday, April 8 report. Truist Financial cut its price target on shares of Riskified from $23.00 to $14.00 and set a “buy” rating on the stock in a Tuesday, February 22 report. Piper Sandler lowered her price target on shares of Riskified to $7.00 and set a “neutral” rating on the stock in a Wednesday, May 18 report. Finally, Credit Suisse Group lowered its price target on shares of Riskified to $10.00 and set an “outperform” rating on the stock in a Wednesday, May 18 report.
A number of large investors have recently increased or reduced their stakes in the stock. California State Teachers Retirement System increased its holdings in Riskified by 11.3% in the first quarter. California State Teachers Retirement System now owns 23,697 shares of the company valued at $143,000 after acquiring 2,403 additional shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Riskified by 33.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 18,115 shares of the company valued at $142,000 after acquiring 4,564 additional shares last quarter. Cinctive Capital Management LP increased its holdings of Riskified shares by 5.9% during the fourth quarter. Cinctive Capital Management LP now owns 85,330 shares of the company valued at $671,000 after purchasing an additional 4,753 shares last quarter. Morgan Stanley bought a new equity stake in Riskified during Q3 for $124,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new equity stake in Riskified during Q4 for $63,000. Institutional investors and hedge funds hold 23.92% of the company’s shares.
RSKD stock opened at $4.84 on Friday. The company has a market capitalization of $762.93 million and a PE ratio of -1.91. Riskified has a one-year low of $3.78 and a one-year high of $40.48. The company’s 50-day moving average price is $5.13 and its two-hundred-day moving average price is $6.34.
Riskified (NYSE:RSKD – Get Rating) last released its quarterly results on Tuesday, May 17. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.02). The company posted revenue of $58.90 million for the quarter, compared to $55.90 million expected by analysts. Riskified had a negative return on equity of 26.19% and a negative net margin of 69.08%. Riskified revenue increased 15.3% compared to the same quarter last year. As a group, equity analysts expect Riskified to post -0.83 EPS for the current fiscal year.
About Risky (Get a rating)
Riskified Ltd. operates an e-commerce risk management platform that enables online merchants to build trusted relationships with their consumers in the United States, Europe, the Middle East, Africa and internationally. It offers a chargeback guarantee that approves or declines online orders; Policy Protect and Account Secure, which identify and block consumers who might take advantage of the merchant’s terms and conditions or attempt to gain unauthorized access to another consumer’s account; Deco and PSD2, optimization products that help merchants avoid bank authorization failures and abandoned carts resulting from the secure customer authentication process.
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