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 price objective cut by analysts at UBS Group from $5.75 to $5.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's price target suggests a potential upside of 10.01% from the company's previous close.

RSKD has been the topic of a number of other reports. Piper Sandler decreased their price target on Riskified from $7.00 to $6.00 and set an "overweight" rating on the stock in a research note on Monday. DA Davidson decreased their target price on Riskified from $6.50 to $6.00 and set a "buy" rating on the stock in a research report on Tuesday. Keefe, Bruyette & Woods raised their price target on Riskified from $5.25 to $5.50 and gave the company a "market perform" rating in a research report on Thursday, May 15th. Finally, Truist Financial boosted their price objective 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. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $5.86.

Riskified Trading Up 2.6%

Shares of NYSE RSKD traded up $0.1150 during mid-day trading on Tuesday, reaching $4.5450. The company had a trading volume of 660,941 shares, compared to its average volume of 513,089. The firm has a 50 day simple moving average of $5.11 and a two-hundred day simple moving average of $4.96. Riskified has a 52-week low of $3.94 and a 52-week high of $5.99. The stock has a market cap of $732.70 million, a P/E ratio of -20.66 and a beta of 1.37.

Riskified (NYSE:RSKD - Get Free Report) last released its quarterly earnings results on Monday, August 18th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.09). The firm had revenue of $81.06 million for the quarter, compared to analysts' expectations of $80.17 million. Riskified had a negative return on equity of 7.42% and a negative net margin of 11.15%.The company's quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.04 EPS. Riskified has set its FY 2025 guidance at EPS. On average, equities analysts expect that Riskified will post -0.15 EPS for the current year.

Institutional Investors Weigh In On Riskified

A number of hedge funds have recently added to or reduced their stakes in the stock. TFJ Management LLC bought a new position in shares of Riskified in the first quarter valued at $3,615,000. Alta Fox Capital Management LLC purchased a new position in Riskified in the 1st quarter worth about $3,498,000. Clearline Capital LP raised its holdings in Riskified by 37.3% during the 1st quarter. Clearline Capital LP now owns 2,453,506 shares of the company's stock worth $11,335,000 after buying an additional 666,175 shares during the period. Millennium Management LLC boosted its holdings in shares of Riskified by 171.0% in the fourth quarter. Millennium Management LLC now owns 766,977 shares of the company's stock worth $3,628,000 after buying an additional 483,975 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Riskified in the 2nd quarter valued at approximately $1,453,000. 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.

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