Piper Sandler Reiterates Overweight Rating for Riskified (NYSE:RSKD)

Riskified (NYSE:RSKD - Get Free Report)'s stock had its "overweight" rating reiterated by Piper Sandler in a research note issued on Friday, Benzinga reports. They presently have a $7.00 price objective on the stock. Piper Sandler's target price suggests a potential upside of 37.80% from the company's current price.

A number of other equities analysts have also commented on RSKD. Barclays lowered Riskified from an "overweight" rating to an "equal weight" rating and set a $5.00 price objective on the stock. in a research note on Thursday, December 14th. The Goldman Sachs Group boosted their price target on Riskified from $4.50 to $5.00 and gave the company a "neutral" rating in a research note on Wednesday, March 6th. Keefe, Bruyette & Woods assumed coverage on Riskified in a research note on Tuesday. They issued a "market perform" rating and a $5.75 price target on the stock. Finally, DA Davidson reissued a "neutral" rating and issued a $5.00 price target on shares of Riskified in a research note on Wednesday, March 6th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $5.66.

Riskified Price Performance

Shares of Riskified stock traded down $0.23 during midday trading on Friday, reaching $5.08. The company had a trading volume of 494,230 shares, compared to its average volume of 565,961. The stock has a fifty day moving average price of $4.99 and a 200 day moving average price of $4.49. The firm has a market cap of $905.61 million, a PE ratio of -14.94 and a beta of 1.34. Riskified has a fifty-two week low of $3.48 and a fifty-two week high of $5.64.

Riskified (NYSE:RSKD - Get Free Report) last posted its quarterly earnings data on Tuesday, March 5th. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.04. The company had revenue of $84.07 million for the quarter, compared to analyst estimates of $83.87 million. Riskified had a negative return on equity of 11.04% and a negative net margin of 19.84%. As a group, sell-side analysts forecast that Riskified will post -0.18 EPS for the current year.

Hedge Funds Weigh In On Riskified

Institutional investors have recently modified their holdings of the company. Quarry LP acquired a new position in shares of Riskified during the first quarter worth approximately $25,000. Bank of America Corp DE raised its position in shares of Riskified by 173.9% during the first quarter. Bank of America Corp DE now owns 5,081 shares of the company's stock worth $29,000 after purchasing an additional 3,226 shares during the period. Lazard Asset Management LLC bought a new stake in Riskified during the second quarter worth $47,000. Hsbc Holdings PLC bought a new stake in Riskified during the third quarter worth $48,000. Finally, Legal & General Group Plc bought a new stake in Riskified during the fourth quarter worth $49,000. 58.98% of the stock is owned by institutional investors and hedge funds.

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.