Riskified (NYSE:RSKD) Reaches New 52-Week High at $6.51

Shares of Riskified Ltd. (NYSE:RSKD) reached a new 52-week high on Thursday . The company traded as high as $6.51 and last traded at $6.47, with a volume of 146815 shares traded. The stock had previously closed at $6.37.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RSKD. DA Davidson upped their target price on shares of Riskified from $5.00 to $7.00 and gave the stock a “neutral” rating in a research note on Thursday, May 16th. JPMorgan Chase & Co. upped their target price on shares of Riskified from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Thursday, May 16th. Keefe, Bruyette & Woods upped their target price on shares of Riskified from $5.75 to $6.00 and gave the stock a “market perform” rating in a research note on Thursday, May 16th. UBS Group increased their price target on shares of Riskified from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Finally, Barclays increased their price target on shares of Riskified from $5.00 to $6.00 and gave the company an “equal weight” rating in a research note on Monday, May 20th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $6.63.

Riskified Stock Down 2.0 %

The company has a fifty day moving average price of $5.82 and a two-hundred day moving average price of $5.14.

Riskified (NYSE:RSKD) last posted its quarterly earnings data on Wednesday, May 15th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.01. The business had revenue of $76.41 million during the quarter, compared to the consensus estimate of $75.40 million. Riskified had a negative return on equity of 9.55% and a negative net margin of 17.28%. Sell-side analysts predict that Riskified Ltd. will post -0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On Riskified

Several hedge funds have recently modified their holdings of RSKD. Barclays PLC lifted its holdings in shares of Riskified by 29.3% during the third quarter. Barclays PLC now owns 44,607 shares of the company’s stock worth $200,000 after purchasing an additional 10,097 shares during the period. Swiss National Bank lifted its holdings in shares of Riskified by 20.7% during the third quarter. Swiss National Bank now owns 191,013 shares of the company’s stock worth $856,000 after purchasing an additional 32,700 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Riskified by 88.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 119,227 shares of the company’s stock worth $534,000 after purchasing an additional 55,828 shares during the period. Rubric Capital Management LP acquired a new stake in shares of Riskified during the third quarter worth $7,214,000. Finally, Worth Venture Partners LLC acquired a new stake in shares of Riskified during the third quarter worth $289,000. 58.98% of the stock is 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.