Analysts Set Riskified Ltd. (NYSE:RSKD) Target Price at $5.78

Riskified Ltd. (NYSE:RSKD) has received a consensus recommendation of “Hold” from the eight research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $5.78.

Several research analysts have commented on the stock. JPMorgan Chase & Co. cut their price target 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. The Goldman Sachs Group lifted their price objective on shares of Riskified from $4.00 to $4.50 and gave the stock a “sell” rating in a report on Thursday, March 6th. Piper Sandler reissued an “overweight” rating and issued a $7.00 price target on shares of Riskified in a research note on Monday. Finally, DA Davidson upgraded shares of Riskified from a “neutral” rating to a “buy” rating and increased their target price for the stock from $5.00 to $7.00 in a report on Monday, March 3rd.

Hedge Funds Weigh In On Riskified

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Carolinas Wealth Consulting LLC bought a new position in shares of Riskified during the fourth quarter valued at approximately $189,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Riskified by 10.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 219,262 shares of the company’s stock valued at $1,037,000 after purchasing an additional 20,505 shares in the last quarter. Two Sigma Investments LP increased its stake in shares of Riskified by 61.5% during the fourth quarter. Two Sigma Investments LP now owns 25,490 shares of the company’s stock valued at $121,000 after purchasing an additional 9,711 shares in the last quarter. Two Sigma Advisers LP bought a new position in shares of Riskified during the fourth quarter valued at approximately $140,000. Finally, State of Wyoming grew its holdings in shares of Riskified by 86.2% during the fourth quarter. State of Wyoming now owns 46,615 shares of the company’s stock valued at $220,000 after buying an additional 21,576 shares during the last quarter. Institutional investors own 58.98% of the company’s stock.

Riskified Trading Down 0.3 %

Riskified stock opened at $4.50 on Friday. Riskified has a 1-year low of $4.14 and a 1-year high of $6.65. The firm has a market capitalization of $724.80 million, a price-to-earnings ratio of -22.48 and a beta of 1.37. The firm has a 50 day simple moving average of $5.14 and a 200 day simple moving average of $4.84.

Riskified Company Profile

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.