Riskified Ltd. (NYSE:RSKD) Receives $5.78 Average Price Target from Analysts

Riskified Ltd. (NYSE:RSKD) has earned an average rating of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $5.78.

A number of equities analysts have commented on RSKD shares. DA Davidson upgraded Riskified from a “neutral” rating to a “buy” rating and lifted their target price for the company from $5.00 to $7.00 in a research note on Monday, March 3rd. JPMorgan Chase & Co. decreased their target price on Riskified from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Monday, March 10th. The Goldman Sachs Group lifted their price target on Riskified from $4.00 to $4.50 and gave the company a “sell” rating in a report on Thursday, March 6th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $7.00 price target on shares of Riskified in a report on Monday, March 17th.

Institutional Investors Weigh In On Riskified

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC raised its holdings in Riskified by 4.8% during the third quarter. Tidal Investments LLC now owns 100,525 shares of the company’s stock worth $475,000 after purchasing an additional 4,616 shares in the last quarter. Y.D. More Investments Ltd raised its holdings in Riskified by 16.6% during the fourth quarter. Y.D. More Investments Ltd now owns 35,614 shares of the company’s stock worth $168,000 after purchasing an additional 5,081 shares in the last quarter. New York State Common Retirement Fund raised its holdings in Riskified by 5.7% during the fourth quarter. New York State Common Retirement Fund now owns 120,740 shares of the company’s stock worth $571,000 after purchasing an additional 6,487 shares in the last quarter. State Street Corp raised its holdings in Riskified by 0.9% during the third quarter. State Street Corp now owns 745,593 shares of the company’s stock worth $3,527,000 after purchasing an additional 6,927 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in Riskified during the fourth quarter worth approximately $38,000. Institutional investors own 58.98% of the company’s stock.

Riskified Stock Down 0.5 %

Shares of RSKD stock opened at $4.67 on Friday. The business has a 50 day moving average of $5.13 and a two-hundred day moving average of $4.83. Riskified has a 52 week low of $4.14 and a 52 week high of $6.65. The company has a market cap of $752.04 million, a P/E ratio of -23.32 and a beta of 1.37.

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.