UBS Group Forecasts Strong Price Appreciation for Riskified (NYSE:RSKD) Stock

Key Points

• UBS raised its Riskified price target from $6.50 to $10.50 but kept a Neutral rating; the target implies 8.4% upside from the stock’s reported price of $9.69.
• Riskified beat quarterly estimates, reporting EPS of $0.07 versus $0.03 expected and revenue of $115.18 million versus $103.41 million expected.
• Analyst sentiment remains mixed: MarketBeat reported a Hold consensus and average target of $7.79, while insiders sold about 2.26 million shares worth $14.2 million over the prior three months.

Riskified (NYSE:RSKD - Get Free Report) had its target price lifted by stock analysts at UBS Group from $6.50 to $10.50 in a report issued on Thursday, Benzinga reports. The firm presently has a "neutral" rating on the stock. UBS Group's target price would suggest a potential upside of 8.40% from the company's current price.

Several other research analysts also recently commented on RSKD. Keefe, Bruyette & Woods raised their price objective on Riskified from $5.50 to $6.25 and gave the stock a "market perform" rating in a report on Thursday, August 13th. DA Davidson reissued a "buy" rating and set a $7.50 price target on shares of Riskified in a research report on Monday, August 24th. Zacks Research upgraded Riskified from a "strong sell" rating to a "hold" rating in a research note on Tuesday. Weiss Ratings restated a "sell (d-)" rating on shares of Riskified in a report on Friday, August 14th. Finally, Truist Financial upped their price objective on shares of Riskified from $7.50 to $9.00 and gave the stock a "buy" rating in a research note on Monday, September 28th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Riskified has a consensus rating of "Hold" and an average target price of $7.79.

Riskified Price Performance

Shares of Riskified stock traded down $0.68 on Thursday, reaching $9.69. The company had a trading volume of 436,642 shares, compared to its average volume of 1,253,889. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -88.00 and a beta of 1.34. The firm's 50-day moving average price is $7.84 and its two-hundred day moving average price is $5.57. Riskified has a 1 year low of $3.70 and a 1 year high of $11.13.

Riskified (NYSE:RSKD - Get Free Report) last issued its quarterly earnings results on Wednesday, November 11th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.04. Riskified had a negative return on equity of 3.93% and a negative net margin of 4.23%. The firm had revenue of $115.18 million during the quarter, compared to analyst estimates of $103.41 million. As a group, analysts anticipate that Riskified will post -0.03 EPS for the current year.

Insider Transactions at Riskified

In related news, insider Assaf Feldman sold 206,096 shares of the company's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $6.54, for a total transaction of $1,347,867.84. Following the completion of the sale, the insider directly owned 1,211,275 shares in the company, valued at $7,921,738.50. This represents a 14.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Erez Shachar sold 289,400 shares of the business's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $6.12, for a total transaction of $1,771,128.00. Following the completion of the transaction, the director owned 1,466,883 shares of the company's stock, valued at $8,977,323.96. This represents a 16.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 2,260,119 shares of company stock valued at $14,196,843. Corporate insiders own 17.40% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue purchased a new position in shares of Riskified during the 3rd quarter valued at approximately $41,000. Modern Wealth Management LLC acquired a new position in shares of Riskified in the first quarter worth about $56,000. Virtus Advisers LLC acquired a new position in shares of Riskified in the third quarter worth about $316,000. Kings Path Partners LLC purchased a new stake in shares of Riskified during the 3rd quarter worth about $377,000. Finally, Engineers Gate Manager LP boosted its stake in shares of Riskified by 13.7% during the 2nd quarter. Engineers Gate Manager LP now owns 64,591 shares of the company's stock worth $326,000 after acquiring an additional 7,799 shares in the last quarter. 58.98% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Riskified

These are some of the RSKD headlines that stood out recently:

• Positive Sentiment: Riskified reported quarterly revenue of $115.18 million, above analyst expectations of $103.41 million, and EPS of $0.07, beating estimates of $0.03. The company also highlighted 41% revenue growth and accelerating gross-profit growth. Riskified Q3 results
• Positive Sentiment: Truist raised its price target to $14 from $9 and maintained a Buy rating, signaling increased confidence in the stock’s prospects. Truist price target update
• Neutral Sentiment: Zacks Research upgraded Riskified from “strong sell” to “hold,” a less bearish view but not a Buy recommendation. Zacks Research rating

About Riskified

Riskified Ltd. is a technology company that helps online merchants identify and manage fraud and other risks in e-commerce transactions. Its platform uses machine learning and data analysis to assess purchases and support decisions such as approving or declining orders. The company's services include fraud screening backed by a chargeback guarantee, as well as tools designed to help merchants address payment disputes, account abuse and other forms of policy misuse. Riskified's systems are intended to help businesses reduce losses while allowing legitimate customers to complete purchases.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.