Piper Sandler Issues Pessimistic Forecast for Riskified (NYSE:RSKD) Stock Price

Key Points

• Piper Sandler has cut its price target for Riskified (NYSE: RSKD) from $7.00 to $6.00, while maintaining an "overweight" rating, indicating a potential upside of 35.59% based on recent trading prices.
• Institutional investors hold significant stakes in Riskified, with recent increases in holdings by the California State Teachers Retirement System and other firms, reflecting ongoing interest in the stock.
• Riskified's recent quarterly earnings report showed a loss of ($0.07) EPS, missing estimates, though revenue of $81.06 million exceeded expectations, suggesting some operational challenges despite year-over-year growth.

Riskified (NYSE:RSKD - Free Report) had its price target trimmed by Piper Sandler from $7.00 to $6.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other research firms have also issued reports on RSKD. UBS Group increased their target price on Riskified from $5.50 to $5.75 and gave the stock a "neutral" rating in a research note on Thursday, May 15th. DA Davidson increased their target price on Riskified from $6.00 to $6.50 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Truist Financial increased 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. Finally, Keefe, Bruyette & Woods increased their target price on Riskified from $5.25 to $5.50 and gave the stock a "market perform" rating in a research note on Thursday, May 15th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $5.82.

Riskified Trading Up 4.9%

NYSE:RSKD traded up $0.2150 during trading hours on Monday, hitting $4.5650. The company had a trading volume of 652,181 shares, compared to its average volume of 850,860. The company has a 50-day moving average of $5.07 and a 200 day moving average of $4.94. The company has a market cap of $735.92 million, a P/E ratio of -19.02 and a beta of 1.37. Riskified has a 1 year low of $3.94 and a 1 year high of $5.99.

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

Institutional Investors Weigh In On Riskified

Several hedge funds and other institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System raised its position in shares of Riskified by 5.5% during the 2nd quarter. California State Teachers Retirement System now owns 93,086 shares of the company's stock worth $464,000 after acquiring an additional 4,826 shares in the last quarter. Y.D. More Investments Ltd increased its position in Riskified by 20.4% during the second quarter. Y.D. More Investments Ltd now owns 39,789 shares of the company's stock worth $198,000 after buying an additional 6,743 shares during the period. 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 stake in shares of Riskified in the fourth quarter valued at approximately $38,000. Finally, Group One Trading LLC boosted its holdings in shares of Riskified by 4,503.5% in the fourth quarter. Group One Trading LLC now owns 8,719 shares of the company's stock valued at $41,000 after acquiring an additional 8,917 shares during the period. Institutional investors and hedge funds own 58.98% of the company's stock.

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.