Riskified Ltd. (NYSE:RSKD) Receives Average Recommendation of “Hold” from Analysts

Shares of Riskified Ltd. (NYSE:RSKD) have been assigned a consensus rating of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $5.78.

A number of research analysts have recently commented on the stock. DA Davidson upgraded shares of Riskified from a “neutral” rating to a “buy” rating and upped their price target for the stock from $5.00 to $7.00 in a report on Monday, March 3rd. JPMorgan Chase & Co. cut their price target on shares of Riskified from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday, March 10th. 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 report on Thursday, March 6th. Finally, Piper Sandler upped their price target on shares of Riskified from $6.00 to $7.00 and gave the stock an “overweight” rating in a report on Thursday, March 6th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RSKD. Carolinas Wealth Consulting LLC bought a new stake in shares of Riskified in the 4th quarter valued at about $189,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Riskified by 10.3% in the 4th 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 buying an additional 20,505 shares in the last quarter. Two Sigma Investments LP boosted its holdings in shares of Riskified by 61.5% in the 4th quarter. Two Sigma Investments LP now owns 25,490 shares of the company’s stock valued at $121,000 after buying an additional 9,711 shares in the last quarter. Two Sigma Advisers LP bought a new stake in shares of Riskified in the 4th quarter valued at about $140,000. Finally, State of Wyoming boosted its holdings 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 buying an additional 21,576 shares in the last quarter. 58.98% of the stock is currently owned by institutional investors.

Riskified Trading Down 0.1 %

NYSE RSKD opened at $4.52 on Friday. The company’s 50-day moving average price is $5.14 and its 200-day moving average price is $4.85. The stock has a market cap of $804.91 million, a PE ratio of -22.57 and a beta of 1.37. Riskified has a 12 month low of $4.14 and a 12 month high of $6.65.

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.