Riskified Ltd. (NYSE:RSKD) Receives $5.78 Consensus Target Price from Brokerages

Riskified Ltd. (NYSE:RSKD) has received an average rating of “Hold” from the eight analysts that are covering the firm, Marketbeat reports. One 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. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $5.66.

RSKD has been the subject of several research analyst reports. DA Davidson reduced their price objective on Riskified from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Monday. Piper Sandler reissued an “overweight” rating and issued a $7.00 price target on shares of Riskified in a research report on Monday, March 17th. The Goldman Sachs Group boosted their price objective on shares of Riskified from $4.00 to $4.50 and gave the company a “sell” rating in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. cut their target price 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.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Jennison Associates LLC lifted its stake in shares of Riskified by 0.3% in the 4th quarter. Jennison Associates LLC now owns 5,701,408 shares of the company’s stock valued at $26,968,000 after purchasing an additional 19,264 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Riskified by 2.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,181,400 shares of the company’s stock worth $5,588,000 after buying an additional 26,200 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Riskified by 5.3% in the fourth quarter. JPMorgan Chase & Co. now owns 921,811 shares of the company’s stock worth $4,360,000 after buying an additional 46,088 shares during the last quarter. Invenomic Capital Management LP boosted its stake in shares of Riskified by 14.0% during the 4th quarter. Invenomic Capital Management LP now owns 880,786 shares of the company’s stock worth $4,166,000 after acquiring an additional 108,266 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Riskified by 171.0% during the 4th quarter. Millennium Management LLC now owns 766,977 shares of the company’s stock valued at $3,628,000 after acquiring an additional 483,975 shares during the last quarter. Institutional investors and hedge funds own 58.98% of the company’s stock.

Riskified Stock Up 0.1 %

RSKD opened at $4.42 on Wednesday. The firm has a market capitalization of $711.74 million, a P/E ratio of -22.07 and a beta of 1.36. The stock has a fifty day moving average of $4.90 and a 200-day moving average of $4.80. Riskified has a 12-month low of $2.06 and a 12-month high of $6.65.

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.