Riskified Ltd. (NYSE:RSKD) Receives $6.03 Consensus Target Price from Brokerages

Shares of Riskified Ltd. (NYSE:RSKD - Get Free Report) have received an average rating of "Hold" from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $6.03.

A number of analysts have weighed in on RSKD shares. Piper Sandler reissued an "overweight" rating and set a $7.00 target price on shares of Riskified in a research report on Monday, March 17th. DA Davidson increased their target price on shares of Riskified from $6.00 to $6.50 and gave the company a "buy" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. decreased 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. Truist Financial increased their target price on shares of Riskified from $7.00 to $8.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Finally, The Goldman Sachs Group increased their target price 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.

Institutional Trading of Riskified

Several large investors have recently modified their holdings of RSKD. Jennison Associates LLC grew its position in shares of Riskified by 0.3% during the 4th quarter. Jennison Associates LLC now owns 5,701,408 shares of the company's stock worth $26,968,000 after buying an additional 19,264 shares during the period. Y.D. More Investments Ltd lifted its holdings in shares of Riskified by 16.6% in the 4th 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 lifted its holdings in shares of Riskified by 5.7% in the 4th 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. ARK Investment Management LLC lifted its holdings in shares of Riskified by 22.1% in the 4th quarter. ARK Investment Management LLC now owns 394,517 shares of the company's stock worth $1,866,000 after purchasing an additional 71,499 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Riskified by 5.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 329,845 shares of the company's stock worth $1,560,000 after purchasing an additional 16,702 shares in the last quarter. Institutional investors and hedge funds own 58.98% of the company's stock.

Riskified Stock Performance

NYSE RSKD remained flat at $5.01 during trading hours on Thursday. 559,870 shares of the company were exchanged, compared to its average volume of 597,472. The company's 50 day simple moving average is $4.67 and its two-hundred day simple moving average is $4.86. The firm has a market capitalization of $807.66 million, a PE ratio of -25.05 and a beta of 1.36. Riskified has a 1-year low of $3.94 and a 1-year high of $6.65.

Riskified (NYSE:RSKD - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.02. The business had revenue of $82.39 million during the quarter, compared to the consensus estimate of $79.23 million. Riskified had a negative net margin of 10.72% and a negative return on equity of 6.00%. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.04 EPS. On average, sell-side analysts expect that Riskified will post -0.15 earnings per share for the current year.

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.