Riskified (NYSE:RSKD) Price Target Raised to $7.00 at DA Davidson

Riskified (NYSE:RSKD - Get Free Report) had its price objective raised by research analysts at DA Davidson from $5.00 to $7.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a "neutral" rating on the stock. DA Davidson's price target points to a potential upside of 20.07% from the stock's current price.

Several other equities research analysts also recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Riskified from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Thursday. Keefe, Bruyette & Woods increased their price objective on shares of Riskified from $5.75 to $6.00 and gave the stock a "market perform" rating in a research report on Thursday. Piper Sandler boosted their price objective on shares of Riskified from $7.00 to $8.00 and gave the company an "overweight" rating in a research report on Thursday. The Goldman Sachs Group increased their target price on Riskified from $4.50 to $5.00 and gave the stock a "neutral" rating in a report on Wednesday, March 6th. Finally, Truist Financial restated a "buy" rating and issued a $8.00 price target (up from $7.50) on shares of Riskified in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Riskified has a consensus rating of "Hold" and a consensus target price of $6.38.

Riskified Price Performance

Shares of RSKD stock traded down $0.35 during trading hours on Thursday, reaching $5.83. The company had a trading volume of 905,397 shares, compared to its average volume of 595,975. Riskified has a 1-year low of $3.48 and a 1-year high of $6.29. The company has a 50 day moving average of $5.21 and a 200 day moving average of $4.67. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of -17.44 and a beta of 1.31.

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

Institutional Trading of Riskified

A number of institutional investors have recently bought and sold shares of RSKD. Covestor Ltd grew its stake in Riskified by 2,522.7% during the first quarter. Covestor Ltd now owns 7,842 shares of the company's stock worth $43,000 after buying an additional 7,543 shares in the last quarter. Johnson Investment Counsel Inc. bought a new position in Riskified in the third quarter valued at approximately $76,000. Aigen Investment Management LP bought a new position in shares of Riskified in the fourth quarter worth about $84,000. Keybank National Association OH bought a new stake in shares of Riskified during the third quarter worth $102,000. Finally, New York State Common Retirement Fund acquired a new position in Riskified in the 3rd quarter worth about $109,000. 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.