Riskified (NYSE:RSKD) Given “Overweight” Rating at Piper Sandler

Piper Sandler restated their overweight rating on shares of Riskified (NYSE:RSKD) in a research report released on Friday, Benzinga reports. Piper Sandler currently has a $7.00 price target on the stock.

A number of other analysts have also recently weighed in on the company. Barclays cut Riskified from an overweight rating to an equal weight rating and set a $5.00 price objective for the company. in a research report on Thursday, December 14th. The Goldman Sachs Group raised their price objective on Riskified from $4.50 to $5.00 and gave the stock a neutral rating in a research report on Wednesday, March 6th. Keefe, Bruyette & Woods assumed coverage on Riskified in a research report on Tuesday, April 9th. They issued a market perform rating and a $5.75 price objective for the company. Finally, DA Davidson reissued a neutral rating and issued a $5.00 price objective on shares of Riskified in a research report on Wednesday, March 6th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Riskified presently has a consensus rating of Hold and an average price target of $5.66.

Riskified Stock Down 2.7 %

RSKD opened at $4.95 on Friday. The stock’s fifty day moving average is $5.00 and its two-hundred day moving average is $4.49. The company has a market capitalization of $881.55 million, a P/E ratio of -14.54 and a beta of 1.34. Riskified has a 52 week low of $3.48 and a 52 week high of $5.64.

Riskified (NYSE:RSKD) last released its quarterly earnings data on Tuesday, March 5th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.04. Riskified had a negative return on equity of 11.04% and a negative net margin of 19.84%. The company had revenue of $84.07 million for the quarter, compared to the consensus estimate of $83.87 million. Equities analysts anticipate that Riskified will post -0.18 earnings per share for the current year.

Institutional Investors Weigh In On Riskified

Large investors have recently bought and sold shares of the company. Capital World Investors boosted its holdings in shares of Riskified by 6.3% during the 4th quarter. Capital World Investors now owns 9,774,367 shares of the company’s stock worth $45,744,000 after purchasing an additional 580,000 shares during the last quarter. Rubric Capital Management LP boosted its holdings in shares of Riskified by 159.2% during the 4th quarter. Rubric Capital Management LP now owns 4,173,636 shares of the company’s stock worth $19,533,000 after purchasing an additional 2,563,384 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Riskified by 78.6% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,826,923 shares of the company’s stock worth $16,390,000 after purchasing an additional 1,684,202 shares during the last quarter. Toronado Partners LLC lifted its holdings in Riskified by 344.7% in the first quarter. Toronado Partners LLC now owns 3,380,700 shares of the company’s stock valued at $20,419,000 after acquiring an additional 2,620,437 shares during the last quarter. Finally, B. Riley Asset Management LLC grew its position in Riskified by 16.5% in the first quarter. B. Riley Asset Management LLC now owns 1,805,412 shares of the company’s stock worth $10,183,000 after acquiring an additional 255,475 shares during the period. 58.98% of the stock is currently owned by hedge funds and other 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.