Riskified (NYSE:RSKD) Stock Price Expected to Rise, UBS Group Analyst Says

Riskified (NYSE:RSKD) had its price target increased by analysts at UBS Group from $5.50 to $5.75 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential upside of 16.04% from the stock’s current price.

Several other research analysts also recently commented on the stock. The Goldman Sachs Group lifted their target price 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 objective on shares of Riskified in a research report on Monday, March 17th. DA Davidson reduced their price target on shares of Riskified from $7.00 to $6.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. cut 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 equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Riskified has an average rating of “Hold” and an average price target of $6.03.

Riskified Stock Performance

Shares of RSKD stock opened at $4.96 on Thursday. The company has a market capitalization of $798.79 million, a price-to-earnings ratio of -24.77 and a beta of 1.36. The stock’s 50 day simple moving average is $4.60 and its 200 day simple moving average is $4.82. Riskified has a twelve month low of $3.94 and a twelve month high of $6.65.

Hedge Funds Weigh In On Riskified

A number of institutional investors have recently modified their holdings of the stock. Y.D. More Investments Ltd boosted its position in Riskified by 16.6% in the 4th quarter. Y.D. More Investments Ltd now owns 35,614 shares of the company’s stock valued at $168,000 after buying an additional 5,081 shares during the last quarter. New York State Common Retirement Fund boosted its stake 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 valued at $571,000 after purchasing an additional 6,487 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Riskified during the fourth quarter worth approximately $38,000. Group One Trading LLC lifted its holdings in Riskified by 4,503.5% in the fourth quarter. Group One Trading LLC now owns 8,719 shares of the company’s stock valued at $41,000 after buying an additional 8,917 shares during the period. Finally, Two Sigma Investments LP boosted its stake in Riskified by 61.5% in the fourth quarter. Two Sigma Investments LP now owns 25,490 shares of the company’s stock valued at $121,000 after acquiring an additional 9,711 shares during the last quarter. 58.98% of the stock is owned by institutional investors.

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.