Zacks Investment Research Lowers Riskified (NYSE:RSKD) to Sell

Zacks Investment Research lowered shares of Riskified (NYSE:RSKDGet Rating) from a hold rating to a sell rating in a research report report published on Thursday morning, Zacks.com reports.

According to Zacks, “Riskified Ltd. provides fraud management platform enabling frictionless eCommerce. The company’s platform identifies the individual behind each online interaction, helping merchants Riskified’s customers eliminate risk and uncertainty from their business. Riskified Ltd. is based in NEW YORK. “

Other analysts also recently issued reports about the company. Piper Sandler decreased their price objective on Riskified to $7.00 and set a neutral rating for the company in a report on Wednesday, May 18th. Credit Suisse Group decreased their price objective on Riskified to $10.00 and set an outperform rating for the company in a report on Wednesday, May 18th. Truist Financial decreased their price objective on Riskified from $23.00 to $14.00 and set a buy rating for the company in a report on Tuesday, February 22nd. The Goldman Sachs Group decreased their price objective on Riskified from $7.00 to $6.50 and set a sell rating for the company in a report on Friday, April 8th. Finally, Barclays decreased their price objective on Riskified from $8.00 to $7.00 and set an overweight rating for the company in a report on Monday, May 23rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Riskified has a consensus rating of Hold and a consensus target price of $11.93.

NYSE:RSKD opened at $5.19 on Thursday. Riskified has a twelve month low of $3.78 and a twelve month high of $40.48. The stock has a fifty day simple moving average of $5.53 and a 200-day simple moving average of $7.08.

Riskified (NYSE:RSKDGet Rating) last released its earnings results on Tuesday, May 17th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.09. Riskified had a negative return on equity of 26.19% and a negative net margin of 69.08%. The business had revenue of $58.90 million during the quarter, compared to the consensus estimate of $55.90 million. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. On average, sell-side analysts anticipate that Riskified will post -0.83 earnings per share for the current year.

Several hedge funds have recently modified their holdings of the company. California State Teachers Retirement System grew its stake in shares of Riskified by 11.3% during the first quarter. California State Teachers Retirement System now owns 23,697 shares of the company’s stock worth $143,000 after acquiring an additional 2,403 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Riskified by 73.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,121,929 shares of the company’s stock worth $6,777,000 after acquiring an additional 476,801 shares during the last quarter. B. Riley Asset Management LLC grew its stake in shares of Riskified by 322.7% during the first quarter. B. Riley Asset Management LLC now owns 317,032 shares of the company’s stock worth $1,915,000 after acquiring an additional 242,032 shares during the last quarter. Clearline Capital LP grew its stake in shares of Riskified by 305.4% during the first quarter. Clearline Capital LP now owns 1,460,591 shares of the company’s stock worth $8,822,000 after acquiring an additional 1,100,346 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Riskified by 32.3% during the first quarter. State Street Corp now owns 97,821 shares of the company’s stock worth $591,000 after acquiring an additional 23,900 shares during the last quarter. Institutional investors and hedge funds own 23.92% of the company’s stock.

Riskified Company Profile (Get Rating)

Riskified Ltd. operates an e-commerce risk management platform that allows online merchants to create trusted relationships with their consumers in the United States, Europe, the Middle East, Africa, and internationally. It offers Chargeback Guarantee that approves or denies online orders; Policy Protect and Account Secure, which identifies and blocks consumers that may be taking advantage of the merchant's terms and conditions or that may be trying to gain unauthorized access to another consumer's account; Deco and PSD2, a optimize products that help merchants to avoid bank authorization failures and abandoned shopping carts resulting from the secure customer authentication process.

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