Barclays Increases Riskified (NYSE:RSKD) Price Target to $6.00

Riskified (NYSE:RSKDGet Free Report) had its price target lifted by research analysts at Barclays from $5.00 to $6.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential downside of 0.66% from the company’s previous close.

Several other brokerages have also weighed in on RSKD. The Goldman Sachs Group lifted their price target on Riskified from $4.50 to $5.00 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. Truist Financial restated a “buy” rating and issued a $8.00 price target (up previously from $7.50) on shares of Riskified in a research note on Thursday, May 16th. Keefe, Bruyette & Woods lifted their price target on Riskified from $5.75 to $6.00 and gave the company a “market perform” rating in a research note on Thursday, May 16th. Piper Sandler lifted their price target on Riskified from $7.00 to $8.00 and gave the company an “overweight” rating in a research note on Thursday, May 16th. Finally, JPMorgan Chase & Co. lifted their price target on Riskified from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Thursday, May 16th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $6.63.

View Our Latest Analysis on Riskified

Riskified Trading Down 0.5 %

Shares of NYSE:RSKD opened at $6.04 on Monday. The company has a market capitalization of $1.08 billion, a PE ratio of -19.48 and a beta of 1.31. Riskified has a 12-month low of $3.48 and a 12-month high of $6.29. The business’s fifty day simple moving average is $5.27 and its 200-day simple moving average is $4.74.

Riskified (NYSE:RSKDGet Free Report) last issued its quarterly earnings results on Tuesday, March 5th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. The company had revenue of $84.07 million during the quarter, compared to analysts’ expectations of $83.87 million. Riskified had a negative return on equity of 9.55% and a negative net margin of 17.28%. Research analysts predict that Riskified will post -0.15 EPS for the current year.

Institutional Investors Weigh In On Riskified

Several large investors have recently bought and sold shares of the company. Quadrature Capital Ltd increased its stake in Riskified by 16.7% during the 1st quarter. Quadrature Capital Ltd now owns 50,357 shares of the company’s stock worth $272,000 after buying an additional 7,200 shares in the last quarter. Covestor Ltd grew its position in shares of Riskified by 2,522.7% in the first quarter. Covestor Ltd now owns 7,842 shares of the company’s stock valued at $43,000 after purchasing an additional 7,543 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Riskified by 41.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,082 shares of the company’s stock valued at $122,000 after purchasing an additional 7,609 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Riskified by 0.9% in the first quarter. Acadian Asset Management LLC now owns 879,179 shares of the company’s stock valued at $4,743,000 after purchasing an additional 7,644 shares in the last quarter. Finally, Y.D. More Investments Ltd grew its position in shares of Riskified by 29.1% in the fourth quarter. Y.D. More Investments Ltd now owns 35,248 shares of the company’s stock valued at $152,000 after purchasing an additional 7,938 shares in the last quarter. 58.98% of the stock is currently owned by hedge funds and other institutional investors.

About Riskified

(Get Free Report)

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.

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Analyst Recommendations for Riskified (NYSE:RSKD)

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