Riskified (NYSE:RSKD) Given Overweight Rating at Piper Sandler

Riskified (NYSE:RSKD)‘s stock had its “overweight” rating reissued by Piper Sandler in a report released on Monday,Benzinga reports. They currently have a $7.00 target price on the stock. Piper Sandler’s price objective points to a potential upside of 56.08% from the stock’s previous close.

A number of other analysts have also recently issued reports on the company. DA Davidson raised 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 research note on Monday, March 3rd. The Goldman Sachs Group increased their price objective 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. cut their price objective on shares of Riskified from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Riskified has a consensus rating of “Hold” and an average price target of $5.78.

Riskified Price Performance

Shares of Riskified stock opened at $4.49 on Monday. The company has a market capitalization of $723.02 million, a P/E ratio of -22.42 and a beta of 1.37. The business has a 50-day moving average of $5.13 and a two-hundred day moving average of $4.84. Riskified has a 1 year low of $4.14 and a 1 year high of $6.65.

Institutional Trading of Riskified

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Clal Insurance Enterprises Holdings Ltd grew its stake in Riskified by 76.0% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,734,508 shares of the company’s stock valued at $31,854,000 after purchasing an additional 2,907,585 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Riskified by 0.3% in the fourth quarter. Jennison Associates LLC now owns 5,701,408 shares of the company’s stock valued at $26,968,000 after buying an additional 19,264 shares in the last quarter. Harvey Partners LLC increased its holdings in Riskified by 9.7% during the third quarter. Harvey Partners LLC now owns 3,227,500 shares of the company’s stock worth $15,266,000 after buying an additional 286,500 shares during the last quarter. Clearline Capital LP raised its position in Riskified by 10.3% during the third quarter. Clearline Capital LP now owns 1,853,922 shares of the company’s stock worth $8,769,000 after acquiring an additional 173,694 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Riskified by 2.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,181,400 shares of the company’s stock valued at $5,588,000 after acquiring an additional 26,200 shares during the last quarter. Institutional investors and hedge funds own 58.98% of the company’s stock.

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.