Riskified Ltd. (NYSE:RSKD) Receives $5.66 Consensus PT from Analysts

Shares of Riskified Ltd. (NYSE:RSKD - Get Free Report) have been assigned an average recommendation of "Hold" from the eight brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $5.66.

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of Riskified from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Monday, March 10th. DA Davidson cut their price target on Riskified from $7.00 to $6.00 and set a "buy" rating for the company in a report on Monday, April 14th. The Goldman Sachs Group raised their price objective on Riskified from $4.00 to $4.50 and gave the stock a "sell" rating in a research note on Thursday, March 6th. Finally, Piper Sandler reiterated an "overweight" rating and set a $7.00 price objective on shares of Riskified in a research note on Monday, March 17th.

Riskified Price Performance

Shares of NYSE:RSKD traded up $0.03 during trading on Friday, hitting $4.84. The company's stock had a trading volume of 57,554 shares, compared to its average volume of 498,138. The firm has a market cap of $780.25 million, a price-to-earnings ratio of -24.20 and a beta of 1.36. The company has a 50-day moving average of $4.58 and a 200-day moving average of $4.80. Riskified has a 12 month low of $3.94 and a 12 month high of $6.64.

Institutional Investors Weigh In On Riskified

A number of institutional investors have recently added to or reduced their stakes in RSKD. Barclays PLC boosted its position in shares of Riskified by 106.6% during the third quarter. Barclays PLC now owns 39,174 shares of the company's stock worth $186,000 after acquiring an additional 20,213 shares during the last quarter. Tidal Investments LLC grew its position in shares of Riskified by 4.8% during the third quarter. Tidal Investments LLC now owns 100,525 shares of the company's stock valued at $475,000 after purchasing an additional 4,616 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Riskified by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 875,723 shares of the company's stock worth $4,142,000 after purchasing an additional 15,250 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Riskified by 0.3% in the fourth 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 in the last quarter. Finally, Y.D. More Investments Ltd boosted its stake in Riskified by 16.6% during the fourth quarter. Y.D. More Investments Ltd now owns 35,614 shares of the company's stock valued at $168,000 after buying an additional 5,081 shares during the last quarter. 58.98% of the stock is owned by hedge funds and other institutional investors.

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.