Riskified (NYSE:RSKD) Shares Gap Up – What’s Next?

Riskified Ltd. (NYSE:RSKD) shares gapped up before the market opened on Wednesday . The stock had previously closed at $4.29, but opened at $5.00. Riskified shares last traded at $5.12, with a volume of 365,719 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. UBS Group reduced their target price on Riskified from $4.75 to $4.50 and set a “neutral” rating on the stock in a research note on Thursday. Keefe, Bruyette & Woods reduced their target price on Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a research note on Thursday. DA Davidson raised Riskified to a “hold” rating in a research note on Wednesday, September 11th. The Goldman Sachs Group reduced their target price on Riskified from $6.00 to $4.50 and set a “sell” rating on the stock in a research note on Thursday, August 15th. Finally, Barclays reduced their target price on Riskified from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Friday, August 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $5.91.

Riskified Stock Up 1.5 %

The company has a market capitalization of $825.39 million, a P/E ratio of -17.81 and a beta of 1.36. The company has a 50-day moving average of $4.59 and a two-hundred day moving average of $5.39.

Riskified (NYSE:RSKD) last released its earnings results on Wednesday, August 14th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.02. Riskified had a negative return on equity of 8.33% and a negative net margin of 14.57%. The business had revenue of $78.73 million for the quarter, compared to the consensus estimate of $78.33 million. As a group, equities analysts expect that Riskified Ltd. will post -0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On Riskified

Hedge funds have recently added to or reduced their stakes in the stock. nVerses Capital LLC bought a new stake in Riskified in the second quarter worth $29,000. Covestor Ltd boosted its holdings in Riskified by 2,522.7% in the first quarter. Covestor Ltd now owns 7,842 shares of the company’s stock worth $43,000 after acquiring an additional 7,543 shares in the last quarter. Valmark Advisers Inc. bought a new stake in Riskified in the second quarter worth $104,000. Quantbot Technologies LP bought a new stake in Riskified in the third quarter worth $120,000. Finally, Squarepoint Ops LLC bought a new stake in Riskified in the second quarter worth $163,000. 58.98% of the stock is 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.