Riskified (NYSE:RSKD) Shares Gap Up to $4.48

Riskified Ltd. (NYSE:RSKD – Get Rating) gapped up prior to trading on Tuesday . The stock had previously closed at $4.48, but opened at $4.83. Riskified shares last traded at $5.08, with a volume of 6,936 shares changing hands.

A number of brokerages have commented on RSKD. The Goldman Sachs Group decreased their price objective on Riskified from $7.00 to $6.50 and set a “sell” rating on the stock in a report on Friday, April 8th. Barclays decreased their price objective on Riskified from $15.00 to $8.00 in a report on Thursday, February 24th. Truist Financial decreased their price objective on Riskified from $23.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, February 22nd. Piper Sandler reduced their target price on Riskified from $14.00 to $10.00 and set a “neutral” rating on the stock in a report on Thursday, February 24th. Finally, Credit Suisse Group reduced their target price on Riskified from $18.00 to $12.00 and set an “outperform” rating on the stock in a report on Thursday, February 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $12.79.

The firm has a fifty day moving average price of $5.72 and a 200-day moving average price of $7.94.

Riskified (NYSE:RSKD – Get Rating) last announced its quarterly earnings data on Wednesday, February 23rd. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.01. Riskified had a negative return on equity of 49.24% and a negative net margin of 75.96%. The business had revenue of $69.83 million during the quarter, compared to the consensus estimate of $67.32 million. During the same period in the prior year, the company earned $0.05 EPS. Riskified’s revenue for the quarter was up 22.4% on a year-over-year basis. On average, equities research analysts anticipate that Riskified Ltd. will post -0.68 EPS for the current year.

Hedge funds have recently made changes to their positions in the stock. Harel Insurance Investments & Financial Services Ltd. bought a new position in Riskified in the fourth quarter valued at about $63,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Riskified during the first quarter worth about $65,000. Griffin Asset Management Inc. bought a new position in shares of Riskified during the first quarter worth about $71,000. D. E. Shaw & Co. Inc. bought a new position in shares of Riskified during the fourth quarter worth about $85,000. Finally, Credit Suisse AG bought a new position in shares of Riskified during the fourth quarter worth about $91,000. Institutional investors and hedge funds own 23.92% of the company’s stock.

About Riskified (NYSE:RSKD)

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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