Riskified (NYSE:RSKD) Stock Rating Upgraded by DA Davidson

Riskified (NYSE:RSKD) was upgraded by investment analysts at DA Davidson to a “hold” rating in a note issued to investors on Wednesday, Zacks.com reports.

Several other equities research analysts have also recently weighed in on the stock. Barclays lowered their price target on shares of Riskified from $6.00 to $5.00 and set an “equal weight” rating for the company in a research report on Friday, August 16th. UBS Group reduced their price target on Riskified from $6.00 to $4.75 and set a “neutral” rating for the company in a research report on Thursday, August 15th. JPMorgan Chase & Co. raised their price objective on Riskified from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. The Goldman Sachs Group reduced their target price on shares of Riskified from $6.00 to $4.50 and set a “sell” rating for the company in a report on Thursday, August 15th. Finally, Truist Financial lowered their price target on shares of Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, Riskified presently has a consensus rating of “Hold” and a consensus target price of $6.03.

Riskified Price Performance

Shares of NYSE:RSKD opened at $4.64 on Wednesday. The firm has a market capitalization of $827.17 million, a PE ratio of -14.97 and a beta of 1.37. The business has a 50 day simple moving average of $5.57 and a two-hundred day simple moving average of $5.56. Riskified has a 1 year low of $3.48 and a 1 year high of $6.64.

Riskified (NYSE:RSKD) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The firm had revenue of $78.73 million for the quarter, compared to analysts’ expectations of $78.33 million. Riskified had a negative net margin of 14.57% and a negative return on equity of 8.33%. Equities research analysts expect that Riskified will post -0.17 EPS for the current fiscal year.

Institutional Trading of Riskified

Several institutional investors have recently bought and sold shares of RSKD. New York State Common Retirement Fund raised its holdings in shares of Riskified by 208.8% during the fourth quarter. New York State Common Retirement Fund now owns 74,901 shares of the company’s stock valued at $351,000 after acquiring an additional 50,643 shares during the last quarter. Aigen Investment Management LP purchased a new position in shares of Riskified during the 4th quarter worth approximately $84,000. Formation8 GP LLC acquired a new stake in shares of Riskified in the fourth quarter valued at $7,949,000. Capital World Investors grew its position in Riskified by 6.3% in the 4th quarter. Capital World Investors now owns 9,774,367 shares of the company’s stock valued at $45,744,000 after acquiring an additional 580,000 shares in the last quarter. Finally, Rubric Capital Management LP grew its holdings in shares of Riskified by 159.2% in the fourth quarter. Rubric Capital Management LP now owns 4,173,636 shares of the company’s stock valued at $19,533,000 after purchasing an additional 2,563,384 shares in the last quarter. 58.98% of the stock is owned by institutional investors and hedge funds.

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.