Brokerages Set Riskified Ltd. (NYSE:RSKD) PT at $5.78

Shares of Riskified Ltd. (NYSE:RSKD) have been assigned a consensus recommendation of “Hold” from the eight research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $5.78.

A number of research analysts have recently issued reports on the company. Piper Sandler reissued an “overweight” rating and issued a $7.00 target price on shares of Riskified in a report on Monday, March 17th. DA Davidson raised shares of Riskified from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $5.00 to $7.00 in a research note on Monday, March 3rd. JPMorgan Chase & Co. reduced their target price on shares of Riskified from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Monday, March 10th. Finally, The Goldman Sachs Group boosted their price target on shares of Riskified from $4.00 to $4.50 and gave the stock a “sell” rating in a research note on Thursday, March 6th.

Riskified Stock Up 3.2 %

RSKD opened at $4.41 on Wednesday. Riskified has a 52 week low of $3.94 and a 52 week high of $6.65. The business has a 50 day moving average price of $4.93 and a two-hundred day moving average price of $4.80. The company has a market cap of $710.13 million, a PE ratio of -22.02 and a beta of 1.36.

Institutional Trading of Riskified

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC grew its position in Riskified by 4.8% during the third quarter. Tidal Investments LLC now owns 100,525 shares of the company’s stock worth $475,000 after buying an additional 4,616 shares during the period. Y.D. More Investments Ltd boosted its stake in shares of Riskified by 16.6% during the 4th quarter. Y.D. More Investments Ltd now owns 35,614 shares of the company’s stock worth $168,000 after acquiring an additional 5,081 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of Riskified by 5.7% in the 4th quarter. New York State Common Retirement Fund now owns 120,740 shares of the company’s stock worth $571,000 after acquiring an additional 6,487 shares during the period. State Street Corp increased its stake in Riskified by 0.9% in the 3rd quarter. State Street Corp now owns 745,593 shares of the company’s stock valued at $3,527,000 after purchasing an additional 6,927 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new position in Riskified during the fourth quarter worth $38,000. Institutional investors and hedge funds 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.