Riskified Ltd. (NYSE:RSKD) Receives $5.78 Consensus Target Price from Brokerages

Shares of Riskified Ltd. (NYSE:RSKD) have earned a consensus recommendation of “Hold” from the eight research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $5.66.

Several equities research analysts recently weighed in on RSKD shares. DA Davidson reduced their price objective on shares of Riskified from $7.00 to $6.00 and set a “buy” rating for the company in a report on Monday. JPMorgan Chase & Co. decreased their price objective on shares of Riskified from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Monday, March 10th. Piper Sandler reissued an “overweight” rating and set a $7.00 target price on shares of Riskified in a report on Monday, March 17th. Finally, The Goldman Sachs Group increased their price target on Riskified from $4.00 to $4.50 and gave the company a “sell” rating in a research note on Thursday, March 6th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RSKD. Lazard Asset Management LLC bought a new stake in shares of Riskified during the 4th quarter worth $38,000. Group One Trading LLC lifted its holdings in shares of Riskified by 4,503.5% during the fourth quarter. Group One Trading LLC now owns 8,719 shares of the company’s stock valued at $41,000 after purchasing an additional 8,917 shares during the last quarter. Bayesian Capital Management LP acquired a new position in shares of Riskified in the 4th quarter valued at $56,000. Cubist Systematic Strategies LLC purchased a new position in Riskified in the 4th quarter worth about $74,000. Finally, Point72 Asset Management L.P. acquired a new stake in Riskified during the 4th quarter worth about $88,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

Riskified Stock Performance

Shares of RSKD stock opened at $4.42 on Wednesday. Riskified has a 1 year low of $2.06 and a 1 year high of $6.65. The firm has a market capitalization of $711.74 million, a PE ratio of -22.07 and a beta of 1.36. The stock has a fifty day moving average of $4.90 and a two-hundred day moving average of $4.80.

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.