UBS Group Issues Pessimistic Forecast for Riskified (NYSE:RSKD) Stock Price

Key Points

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Riskified (NYSE:RSKD - Get Free Report) had its target price reduced by equities research analysts at UBS Group from $5.75 to $5.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the stock. UBS Group's target price indicates a potential upside of 9.53% from the company's current price.

Several other research analysts have also issued reports on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Riskified from $5.25 to $5.50 and gave the stock a "market perform" rating in a research report on Thursday, May 15th. Truist Financial lifted their price target 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 decreased their price target on shares of Riskified from $6.50 to $6.00 and set a "buy" rating on the stock in a research report on Tuesday, August 19th. Finally, Piper Sandler decreased their price target on shares of Riskified from $7.00 to $6.00 and set an "overweight" rating on the stock in a research report on Monday, August 18th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Riskified currently has a consensus rating of "Hold" and a consensus target price of $5.82.

Riskified Trading Up 4.9%

NYSE:RSKD traded up $0.2150 during midday trading on Tuesday, hitting $4.5650. 652,181 shares of the stock were exchanged, compared to its average volume of 850,860. Riskified has a one year low of $3.94 and a one year high of $5.99. The company has a market capitalization of $735.92 million, a price-to-earnings ratio of -19.02 and a beta of 1.37. The business has a 50-day moving average price of $5.07 and a two-hundred day moving average price of $4.94.

Riskified (NYSE:RSKD - Get Free Report) last announced its earnings results 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 return on equity of 8.27% and a negative net margin of 11.70%.The firm had revenue of $81.06 million for the quarter, compared to the consensus estimate of $80.17 million. During the same period in the previous year, the firm earned $0.04 EPS. Riskified's revenue for the quarter was up 3.0% on a year-over-year basis. Riskified has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Riskified will post -0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Riskified

Several institutional investors and hedge funds have recently modified their holdings of RSKD. California State Teachers Retirement System lifted its position in 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 during the last quarter. Y.D. More Investments Ltd increased its holdings in shares of Riskified by 20.4% during the 2nd quarter. Y.D. More Investments Ltd now owns 39,789 shares of the company's stock worth $198,000 after purchasing an additional 6,743 shares during the period. Raymond James Financial Inc. bought a new position in shares of Riskified during the 2nd quarter worth about $36,000. Lazard Asset Management LLC bought a new position in shares of Riskified during the 4th quarter worth about $38,000. Finally, Group One Trading LLC increased its holdings in shares of Riskified by 4,503.5% during the 4th quarter. Group One Trading LLC now owns 8,719 shares of the company's stock worth $41,000 after purchasing an additional 8,917 shares during the period. 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.