Risk (NYSE: RSKD – Get a rating) had its price target reduced by Credit Suisse Group equity research analysts to $10.00 in a report on Wednesday, Target Stock Advisor reports. The company currently has an “outperform” rating on the stock. Credit Suisse Group’s target price indicates an upside potential of 88.68% from the company’s current price.
A number of other brokerages also commented on RSKD. Truist Financial lowered its price target on Riskified from $23.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, February 22. Barclays lowered its price target on Riskified from $15.00 to $8.00 in a Thursday, February 24 research note. Piper Sandler lowered its price target on Riskified from $14.00 to $10.00 and set a “neutral” rating for the company in a Thursday, February 24 research note. Zacks Investment Research raised Riskified from a “sell” to a “hold” rating in a Thursday, March 3, research note. Finally, Goldman Sachs Group lowered its price target on Riskified from $7.00 to $6.50 and set a “sell” rating for the company in a research note on Friday, April 8. One investment analyst gave the stock a sell rating, three gave the company a hold rating and five gave the company a buy rating. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $12.50.
Shares of Risky action opened at $5.30 on Wednesday. Riskified has a 52-week low of $3.78 and a 52-week high of $40.48. The company’s 50-day moving average price is $5.69 and its 200-day moving average price is $7.92.
Risk (NYSE: RSKD – Get a rating) last reported results on Wednesday, February 23. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.01. Riskified had a negative net margin of 75.96% and a negative return on equity of 49.24%. The company posted revenue of $69.83 million for the quarter, versus $67.32 million expected by analysts. In the same quarter last year, the company made earnings per share of $0.05. The company’s revenue increased 22.4% year over year. As a group, analysts expect Riskified to post -0.68 EPS for the current year.
A number of institutional investors have recently changed their positions in RSKD. General Atlantic LP bought a new position in Riskified during the third quarter worth $121,463,000. Clal Insurance Enterprises Holdings Ltd bought a new position in Riskified during the fourth quarter worth $22,674,000. Toronado Partners LLC increased its position in Riskified by 344.7% during the first quarter. Toronado Partners LLC now owns 3,380,700 shares of the company valued at $20,419,000 after purchasing an additional 2,620,437 shares during the period. Alliancebernstein LP bought a new position in Riskified during the third quarter worth $50,561,000. Finally, Ibex Investors LLC increased its position in Riskified by 1,204.6% during the first quarter. Ibex Investors LLC now owns 2,000,000 shares of the company valued at $12,080,000 after purchasing an additional 1,846,694 shares during the period. 23.92% of the shares are held by institutional investors and hedge funds.
Risky business profile (Get a rating)
Riskified Ltd. operates an e-commerce risk management platform that enables online merchants to build trusted relationships with their consumers in the United States, Europe, the Middle East, Africa and internationally. It offers a chargeback guarantee that approves or declines online orders; Policy Protect and Account Secure, which identify and block consumers who might take advantage of the merchant’s terms and conditions or attempt to gain unauthorized access to another consumer’s account; Deco and PSD2, optimization products that help merchants avoid bank authorization failures and abandoned carts resulting from the secure customer authentication process.
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