Riskified (NYSE:RSKD) Price Target Raised to $4.50

Riskified (NYSE:RSKD) had its price objective lifted by The Goldman Sachs Group from $4.00 to $4.50 in a research note issued on Thursday,Benzinga reports. The firm currently has a “sell” rating on the stock. The Goldman Sachs Group’s price objective would suggest a potential downside of 12.20% from the stock’s current price.

A number of other research analysts have also recently commented on RSKD. Piper Sandler upped their target price on shares of Riskified from $6.00 to $7.00 and gave the company an “overweight” rating in a research report on Thursday. Keefe, Bruyette & Woods decreased their price objective on shares of Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a report on Thursday, November 14th. DA Davidson upgraded shares of Riskified from a “neutral” rating to a “buy” rating and lifted their target price for the company from $5.00 to $7.00 in a report on Monday. Finally, UBS Group cut their target price on Riskified from $4.75 to $4.50 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Riskified currently has an average rating of “Hold” and an average price target of $5.91.

Riskified Trading Down 1.6 %

RSKD stock traded down $0.09 during midday trading on Thursday, hitting $5.13. 456,740 shares of the company’s stock were exchanged, compared to its average volume of 530,631. Riskified has a 1-year low of $4.14 and a 1-year high of $6.64. The business has a 50-day simple moving average of $5.16 and a two-hundred day simple moving average of $4.86. The stock has a market capitalization of $913.66 million, a PE ratio of -25.72 and a beta of 1.38.

Riskified declared that its Board of Directors has approved a stock buyback plan on Wednesday, November 13th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to reacquire up to 9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Institutional Trading of Riskified

A number of large investors have recently modified their holdings of RSKD. Lazard Asset Management LLC purchased a new position in Riskified in the fourth quarter valued at $38,000. Group One Trading LLC increased its holdings in shares of Riskified by 4,503.5% in the 4th quarter. Group One Trading LLC now owns 8,719 shares of the company’s stock valued at $41,000 after acquiring an additional 8,917 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Riskified during the 4th quarter worth about $56,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Riskified during the 4th quarter worth approximately $74,000. Finally, Point72 Asset Management L.P. purchased a new stake in Riskified in the fourth quarter valued at $88,000. Hedge funds and other institutional investors own 58.98% of the company’s stock.

About Riskified

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.