Truist Financial Lowers Riskified (NYSE:RSKD) Price Target to $7.00

Riskified (NYSE:RSKD) had its price objective reduced by analysts at Truist Financial from $8.00 to $7.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 56.15% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a research report on Monday, December 29th. JPMorgan Chase & Co. raised Riskified from an “underweight” rating to a “neutral” rating and set a $6.00 target price on the stock in a research report on Friday, November 14th. UBS Group boosted their price target on Riskified from $5.00 to $5.50 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. Wall Street Zen raised Riskified from a “hold” rating to a “buy” rating in a research report on Sunday, November 16th. Finally, DA Davidson reiterated a “buy” rating and issued a $6.00 target price on shares of Riskified in a report on Thursday, November 13th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $5.96.

Riskified Price Performance

RSKD stock opened at $4.48 on Thursday. Riskified has a 1-year low of $3.94 and a 1-year high of $5.68. The stock has a market capitalization of $722.70 million, a P/E ratio of -26.37 and a beta of 1.33. The business has a fifty day moving average price of $4.58 and a 200-day moving average price of $4.69.

Riskified (NYSE:RSKD) last posted its quarterly earnings results on Wednesday, March 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $99.33 million for the quarter, compared to the consensus estimate of $97.21 million. Riskified had a negative return on equity of 5.63% and a negative net margin of 8.00%. As a group, analysts anticipate that Riskified will post -0.15 earnings per share for the current year.

Hedge Funds Weigh In On Riskified

Several hedge funds have recently modified their holdings of RSKD. Public Employees Retirement System of Ohio boosted its stake in Riskified by 1.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 302,262 shares of the company’s stock worth $1,502,000 after purchasing an additional 2,900 shares in the last quarter. FNY Investment Advisers LLC lifted its stake in shares of Riskified by 24.8% during the third quarter. FNY Investment Advisers LLC now owns 15,110 shares of the company’s stock worth $70,000 after buying an additional 3,000 shares during the period. ARK Investment Management LLC grew its holdings in shares of Riskified by 1.2% during the third quarter. ARK Investment Management LLC now owns 368,310 shares of the company’s stock valued at $1,724,000 after buying an additional 4,248 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Riskified by 5.5% in the 2nd quarter. California State Teachers Retirement System now owns 93,086 shares of the company’s stock valued at $464,000 after acquiring an additional 4,826 shares during the period. Finally, Swiss National Bank raised its stake in Riskified by 3.1% in the 4th quarter. Swiss National Bank now owns 167,513 shares of the company’s stock worth $833,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 58.98% of the company’s stock.

About Riskified

Riskified is a technology company specializing in e-commerce fraud prevention and revenue optimization for online merchants. Its platform combines machine learning, behavioral analytics and proprietary risk models to assess the legitimacy of transactions in real time. By offering a chargeback guarantee, Riskified assumes the financial liability for approved orders that later turn out to be fraudulent, allowing retailers to focus on growth rather than dispute management.

The company’s core product suite addresses various aspects of the online shopping lifecycle, including order approval, account takeover protection and policy compliance.