Truist Financial Reaffirms "Buy" Rating for Riskified (NYSE:RSKD)

Riskified (NYSE:RSKD - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at Truist Financial in a report issued on Thursday, Benzinga reports. They currently have a $8.00 price target on the stock, up from their previous price target of $7.50. Truist Financial's price objective suggests a potential upside of 37.22% from the stock's current price.

A number of other research firms also recently issued reports on RSKD. The Goldman Sachs Group upped their target price on shares of Riskified from $4.50 to $5.00 and gave the company a "neutral" rating in a research report on Wednesday, March 6th. DA Davidson reaffirmed a "neutral" rating and issued a $5.00 price objective on shares of Riskified in a research note on Wednesday, March 6th. Piper Sandler upped their target price on shares of Riskified from $7.00 to $8.00 and gave the company an "overweight" rating in a research report on Thursday. Keefe, Bruyette & Woods increased their price target on shares of Riskified from $5.75 to $6.00 and gave the company a "market perform" rating in a research report on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Riskified from $6.00 to $7.00 and gave the company a "neutral" rating in a report on Thursday. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $6.38.

Riskified Trading Down 5.7 %

RSKD stock traded down $0.35 during trading on Thursday, hitting $5.83. 905,397 shares of the stock traded hands, compared to its average volume of 595,975. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of -17.15 and a beta of 1.31. Riskified has a one year low of $3.48 and a one year high of $6.29. The company has a 50 day simple moving average of $5.21 and a 200 day simple moving average of $4.67.

Riskified (NYSE:RSKD - Get Free Report) last released its quarterly earnings results on Tuesday, March 5th. The company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.04. The firm had revenue of $84.07 million during the quarter, compared to analysts' expectations 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, analysts predict that Riskified will post -0.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Riskified

Several institutional investors have recently made changes to their positions in the stock. Invenomic Capital Management LP grew its stake in Riskified by 29.7% during the first quarter. Invenomic Capital Management LP now owns 763,203 shares of the company's stock worth $4,129,000 after buying an additional 174,953 shares in the last quarter. Quadrature Capital Ltd boosted its position in shares of Riskified by 16.7% during the 1st quarter. Quadrature Capital Ltd now owns 50,357 shares of the company's stock worth $272,000 after acquiring an additional 7,200 shares in the last quarter. Covestor Ltd increased its stake in Riskified by 2,522.7% in the first quarter. Covestor Ltd now owns 7,842 shares of the company's stock valued at $43,000 after acquiring an additional 7,543 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Riskified by 0.9% during the first quarter. Acadian Asset Management LLC now owns 879,179 shares of the company's stock worth $4,743,000 after purchasing an additional 7,644 shares during the last quarter. Finally, Tocqueville Asset Management L.P. boosted its holdings in shares of Riskified by 19.3% in the 1st quarter. Tocqueville Asset Management L.P. now owns 526,000 shares of the company's stock valued at $2,846,000 after purchasing an additional 85,000 shares in the last quarter. 58.98% of the stock is currently owned by institutional investors.

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.