Riskified (NYSE:RSKD) Earns “Overweight” Rating from Piper Sandler

Riskified (NYSE:RSKD)‘s stock had its “overweight” rating reaffirmed by Piper Sandler in a research note issued on Monday,Benzinga reports. They currently have a $7.00 price target on the stock. Piper Sandler’s price target points to a potential upside of 56.08% from the company’s current price.

Other equities analysts also recently issued research reports about the company. DA Davidson upgraded Riskified from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $5.00 to $7.00 in a research report on Monday, March 3rd. The Goldman Sachs Group upped their price target on shares of Riskified from $4.00 to $4.50 and gave the stock a “sell” rating in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Riskified from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Riskified currently has an average rating of “Hold” and a consensus price target of $5.78.

Riskified Trading Down 0.3 %

NYSE RSKD opened at $4.49 on Monday. Riskified has a 1-year low of $4.14 and a 1-year high of $6.65. The company has a 50 day moving average of $5.13 and a 200-day moving average of $4.84. The firm has a market cap of $723.02 million, a price-to-earnings ratio of -22.42 and a beta of 1.37.

Hedge Funds Weigh In On Riskified

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Carolinas Wealth Consulting LLC bought a new stake in shares of Riskified during the 4th quarter valued at $189,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Riskified by 10.3% in 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 during the last quarter. Two Sigma Investments LP boosted its holdings in Riskified by 61.5% during the fourth quarter. Two Sigma Investments LP now owns 25,490 shares of the company’s stock worth $121,000 after buying an additional 9,711 shares during the last quarter. Two Sigma Advisers LP acquired a new position in shares of Riskified during the 4th quarter worth about $140,000. Finally, State of Wyoming increased its stake in shares of Riskified by 86.2% in the 4th quarter. State of Wyoming now owns 46,615 shares of the company’s stock valued at $220,000 after acquiring an additional 21,576 shares during the last quarter. 58.98% of the stock is owned by institutional investors.

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.