DA Davidson Has Lowered Expectations for Riskified (NYSE:RSKD) Stock Price

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Riskified (NYSE:RSKD - Get Free Report) had its price objective cut by equities research analysts at DA Davidson from $6.50 to $6.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. DA Davidson's target price points to a potential upside of 33.78% from the stock's previous close.

A number of other brokerages have also commented on RSKD. Piper Sandler cut their price objective on shares of Riskified from $7.00 to $6.00 and set an "overweight" rating on the stock in a research report on Monday. Truist Financial upped their price target on shares of Riskified from $7.00 to $8.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Keefe, Bruyette & Woods increased their price objective on shares of Riskified from $5.25 to $5.50 and gave the company a "market perform" rating in a research report on Thursday, May 15th. Finally, UBS Group increased their price objective on shares of Riskified from $5.50 to $5.75 and gave the company a "neutral" rating in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $5.96.

Riskified Trading Up 1.2%

RSKD stock traded up $0.06 during trading on Tuesday, hitting $4.49. 405,689 shares of the stock traded hands, compared to its average volume of 510,844. Riskified has a one year low of $3.94 and a one year high of $5.99. The stock has a market cap of $723.03 million, a price-to-earnings ratio of -20.39 and a beta of 1.37. The company has a 50 day simple moving average of $5.11 and a 200 day simple moving average of $4.96.

Riskified (NYSE:RSKD - Get Free Report) last posted its quarterly earnings results on Monday, August 18th. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.09). The business had revenue of $81.06 million for the quarter, compared to the consensus estimate of $80.17 million. Riskified had a negative return on equity of 7.42% and a negative net margin of 11.15%. The company's quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm earned $0.04 earnings per share. As a group, analysts predict that Riskified will post -0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Riskified

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new stake in Riskified in the fourth quarter valued at approximately $456,000. Jane Street Group LLC increased its holdings in shares of Riskified by 552.0% during the fourth quarter. Jane Street Group LLC now owns 80,684 shares of the company's stock valued at $382,000 after acquiring an additional 68,309 shares in the last quarter. Two Sigma Investments LP boosted its position in shares of Riskified by 61.5% during the fourth quarter. Two Sigma Investments LP now owns 25,490 shares of the company's stock valued at $121,000 after buying an additional 9,711 shares during the last quarter. Millennium Management LLC boosted its position in shares of Riskified by 171.0% during the fourth quarter. Millennium Management LLC now owns 766,977 shares of the company's stock valued at $3,628,000 after buying an additional 483,975 shares during the last quarter. Finally, Two Sigma Advisers LP purchased a new stake in shares of Riskified during the fourth quarter valued at $140,000. 58.98% of the stock is owned by hedge funds and other institutional investors.

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.

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