Keefe, Bruyette & Woods Has Lowered Expectations 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 - Get Free Report) had its target price cut by investment analysts at Keefe, Bruyette & Woods from $5.50 to $5.25 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price target would suggest a potential upside of 16.28% from the stock's current price.

RSKD has been the subject of a number of other research reports. UBS Group cut their target price on shares of Riskified from $5.75 to $5.00 and set a "neutral" rating for the company in a research report on Tuesday. Truist Financial lifted their target price 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. DA Davidson cut their target price on shares of Riskified from $6.50 to $6.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Piper Sandler lowered their price target on shares of Riskified from $7.00 to $6.00 and set an "overweight" rating for the company in a report on Monday. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $5.82.

Riskified Price Performance

Shares of RSKD stock traded up $0.0850 during mid-day trading on Tuesday, hitting $4.5150. The stock had a trading volume of 932,600 shares, compared to its average volume of 514,943. Riskified has a fifty-two week low of $3.94 and a fifty-two week high of $5.99. The firm has a market cap of $727.86 million, a PE ratio of -20.48 and a beta of 1.37. The company's 50-day simple moving average is $5.11 and its 200-day simple moving average is $4.96.

Riskified (NYSE:RSKD - Get Free Report) last announced its quarterly earnings data on Monday, August 18th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.09). Riskified had a negative net margin of 11.15% and a negative return on equity of 7.42%. The company had revenue of $81.06 million during the quarter, compared to analyst estimates of $80.17 million. During the same quarter last year, the business earned $0.04 EPS. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. Riskified has set its FY 2025 guidance at EPS. On average, analysts expect that Riskified will post -0.15 EPS for the current year.

Institutional Investors Weigh In On Riskified

Institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in Riskified in the second quarter valued at approximately $36,000. Lazard Asset Management LLC acquired a new position in Riskified during the fourth quarter valued at approximately $38,000. Group One Trading LLC lifted its position in Riskified by 4,503.5% during the fourth quarter. Group One Trading LLC now owns 8,719 shares of the company's stock valued at $41,000 after buying an additional 8,917 shares in the last quarter. Orion Porfolio Solutions LLC acquired a new position in Riskified during the second quarter valued at approximately $54,000. Finally, Invesco Ltd. acquired a new position in Riskified during the first quarter valued at approximately $51,000. 58.98% of the stock is currently 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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