Riskified (NYSE:RSKD) Hits New 1-Year High at $6.12

Riskified Ltd. (NYSE:RSKD - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $6.12 and last traded at $5.97, with a volume of 432099 shares changing hands. The stock had previously closed at $5.36.

Analysts Set New Price Targets

Several brokerages recently commented on RSKD. Keefe, Bruyette & Woods initiated coverage on shares of Riskified in a research note on Tuesday, April 9th. They set a "market perform" rating and a $5.75 price target on the stock. DA Davidson reissued a "neutral" rating and issued a $5.00 target price on shares of Riskified in a research report on Wednesday, March 6th. The Goldman Sachs Group lifted their price target on Riskified from $4.50 to $5.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 6th. Finally, Piper Sandler reissued an "overweight" rating and issued a $7.00 price objective on shares of Riskified in a report on Friday, April 12th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $5.66.

Riskified Trading Up 15.3 %

The stock has a fifty day simple moving average of $5.20 and a two-hundred day simple moving average of $4.66. The company has a market cap of $1.10 billion, a PE ratio of -18.23 and a beta of 1.31.

Riskified (NYSE:RSKD - Get Free Report) last released its quarterly earnings data on Tuesday, March 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.04. Riskified had a negative return on equity of 11.04% and a negative net margin of 19.84%. The firm had revenue of $84.07 million during the quarter, compared to analysts' expectations of $83.87 million. As a group, equities research analysts anticipate that Riskified Ltd. will post -0.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Riskified

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rubric Capital Management LP lifted its holdings in shares of Riskified by 159.2% in the fourth quarter. Rubric Capital Management LP now owns 4,173,636 shares of the company's stock valued at $19,533,000 after purchasing an additional 2,563,384 shares in the last quarter. Jennison Associates LLC purchased a new position in Riskified during the third quarter worth $7,805,000. Formation8 GP LLC acquired a new position in shares of Riskified in the fourth quarter worth $7,949,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Riskified by 78.6% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,826,923 shares of the company's stock valued at $16,390,000 after acquiring an additional 1,684,202 shares during the last quarter. Finally, Invenomic Capital Management LP purchased a new stake in Riskified during the 4th quarter worth about $2,753,000. 58.98% of the stock is currently owned by institutional investors and hedge funds.

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.