Riskified Ltd. (NYSE:RSKD) Receives $5.72 Consensus PT from Analysts

Riskified Ltd. (NYSE:RSKD) has received an average rating of “Hold” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $5.72.

Several equities analysts recently weighed in on RSKD shares. Keefe, Bruyette & Woods cut their price objective on shares of Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a report on Thursday, November 14th. The Goldman Sachs Group cut their target price on shares of Riskified from $4.50 to $4.00 and set a “sell” rating on the stock in a report on Monday, December 2nd. DA Davidson upgraded shares of Riskified to a “hold” rating in a report on Thursday, November 14th. UBS Group cut their target price on shares of Riskified from $4.75 to $4.50 and set a “neutral” rating on the stock in a report on Thursday, November 14th. Finally, Piper Sandler cut their target price on shares of Riskified from $7.00 to $6.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th.

Riskified Price Performance

Shares of NYSE RSKD opened at $5.37 on Tuesday. The company’s 50 day simple moving average is $5.09 and its 200 day simple moving average is $4.87. Riskified has a fifty-two week low of $4.14 and a fifty-two week high of $6.64. The firm has a market capitalization of $956.42 million, a P/E ratio of -26.82 and a beta of 1.38.

Riskified announced that its Board of Directors has initiated a stock buyback program on Wednesday, November 13th that authorizes the company to buyback $75.00 million in shares. This buyback authorization authorizes the company to buy up to 9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Riskified

Large investors have recently made changes to their positions in the stock. Harvey Partners LLC increased its position in shares of 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 acquiring an additional 286,500 shares in the last quarter. JPMorgan Chase & Co. grew its position in Riskified by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 875,723 shares of the company’s stock valued at $4,142,000 after purchasing an additional 15,250 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Riskified by 61.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 313,143 shares of the company’s stock valued at $1,481,000 after purchasing an additional 119,038 shares in the last quarter. State Street Corp grew its position in Riskified by 0.9% in the third quarter. State Street Corp now owns 745,593 shares of the company’s stock valued at $3,527,000 after purchasing an additional 6,927 shares in the last quarter. Finally, Jennison Associates LLC grew its position in Riskified by 11.2% in the third quarter. Jennison Associates LLC now owns 5,682,144 shares of the company’s stock valued at $26,877,000 after purchasing an additional 573,596 shares in the last quarter. Institutional investors 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.