Keefe, Bruyette & Woods Issues Pessimistic Forecast for Riskified (NYSE:RSKD) Stock Price

Key Points

• Keefe, Bruyette & Woods has reduced its target price for Riskified (NYSE:RSKD) from $5.50 to $5.25, indicating a potential upside of 16.28% from its current price.
• Several other firms have also adjusted their ratings and target prices for Riskified, with the consensus rating currently at "Hold" and an average target price of $5.82.
• Riskified reported a quarterly loss of ($0.07) EPS, missing estimates, despite a revenue increase of 3.0% year-over-year to $81.06 million.

Riskified (NYSE:RSKD - Free Report) had its price objective cut by Keefe, Bruyette & Woods from $5.50 to $5.25 in a report issued on Tuesday,Benzinga reports. They currently have a market perform rating on the stock.

Several other research analysts also recently commented on the company. UBS Group lowered their target price on Riskified from $5.75 to $5.00 and set a "neutral" rating for the company in a research note on Tuesday, August 19th. Truist Financial boosted their target price on Riskified from $7.00 to $8.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Piper Sandler reduced their price target on Riskified from $7.00 to $6.00 and set an "overweight" rating on the stock in a report on Monday, August 18th. Finally, DA Davidson reduced their price target on Riskified from $6.50 to $6.00 and set a "buy" rating on the stock in a report on Tuesday, August 19th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $5.82.

Riskified Price Performance

RSKD stock traded up $0.2150 during midday trading on Tuesday, reaching $4.5650. The company had a trading volume of 652,181 shares, compared to its average volume of 850,860. The company has a market capitalization of $735.92 million, a price-to-earnings ratio of -19.02 and a beta of 1.37. The stock has a 50 day moving average price of $5.07 and a 200-day moving average price of $4.94. Riskified has a 1-year low of $3.94 and a 1-year high of $5.99.

Riskified (NYSE:RSKD - Get Free Report) last posted its quarterly earnings results on Monday, August 18th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.09). The company had revenue of $81.06 million during the quarter, compared to analyst estimates of $80.17 million. Riskified had a negative net margin of 11.70% and a negative return on equity of 8.27%. The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $0.04 EPS. Riskified has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Riskified will post -0.15 earnings per share for the current year.

Institutional Trading of Riskified

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new stake in Riskified in the fourth quarter valued at approximately $456,000. Jane Street Group LLC raised its position 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 worth $382,000 after purchasing an additional 68,309 shares during the period. Two Sigma Investments LP raised 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 worth $121,000 after purchasing an additional 9,711 shares during the period. Millennium Management LLC raised 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 worth $3,628,000 after purchasing an additional 483,975 shares during the period. Finally, Two Sigma Advisers LP acquired a new position in shares of Riskified during the fourth quarter worth approximately $140,000. 58.98% of the stock is currently owned by 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.