Riskified Ltd. (NYSE:RSKD - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $5.07, but opened at $4.92. Riskified shares last traded at $5.04, with a volume of 106,018 shares traded.
Analyst Ratings Changes
Several research firms recently weighed in on RSKD. UBS Group lifted their price target on Riskified from $5.50 to $5.75 and gave the company a "neutral" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. lowered their price objective on Riskified from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Monday, March 10th. Truist Financial boosted their target price on shares of Riskified from $7.00 to $8.00 and gave the company a "buy" rating in a report on Thursday, May 15th. DA Davidson increased their price target on shares of Riskified from $6.00 to $6.50 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Finally, Piper Sandler reissued an "overweight" rating and set a $7.00 price target on shares of Riskified in a research report on Monday, March 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $6.03.
View Our Latest Stock Report on RSKD
Riskified Price Performance
The business has a 50 day moving average price of $4.61 and a 200 day moving average price of $4.83. The stock has a market capitalization of $802.82 million, a PE ratio of -24.90 and a beta of 1.36.
Riskified (NYSE:RSKD - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02. The company had revenue of $82.39 million for the quarter, compared to the consensus estimate of $79.23 million. Riskified had a negative net margin of 10.72% and a negative return on equity of 6.00%. Riskified's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.04 EPS. On average, equities analysts expect that Riskified Ltd. will post -0.15 earnings per share for the current year.
Institutional Investors Weigh In On Riskified
Institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC lifted its position in Riskified by 106.6% in the 3rd quarter. Barclays PLC now owns 39,174 shares of the company's stock valued at $186,000 after acquiring an additional 20,213 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Riskified by 0.3% during the fourth quarter. Jennison Associates LLC now owns 5,701,408 shares of the company's stock valued at $26,968,000 after purchasing an additional 19,264 shares in the last quarter. Y.D. More Investments Ltd increased its holdings in Riskified by 16.6% in the 4th quarter. Y.D. More Investments Ltd now owns 35,614 shares of the company's stock worth $168,000 after buying an additional 5,081 shares in the last quarter. New York State Common Retirement Fund increased its holdings in Riskified by 5.7% in the 4th quarter. New York State Common Retirement Fund now owns 120,740 shares of the company's stock worth $571,000 after buying an additional 6,487 shares in the last quarter. Finally, ARK Investment Management LLC raised its position in Riskified by 22.1% in the 4th quarter. ARK Investment Management LLC now owns 394,517 shares of the company's stock worth $1,866,000 after buying an additional 71,499 shares during the last quarter. Institutional investors own 58.98% of the company's stock.
About Riskified
(
Get Free Report)
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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