Riskified Ltd. (NYSE:RSKD) Receives Average Rating of “Hold” from Analysts

Shares of Riskified Ltd. (NYSE:RSKD) have received an average recommendation of “Hold” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $5.78.

A number of equities analysts have weighed in on the stock. Piper Sandler upped their price target on shares of Riskified from $6.00 to $7.00 and gave the stock an “overweight” rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. dropped their price target 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. DA Davidson raised shares of Riskified from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $5.00 to $7.00 in a report on Monday, March 3rd. Finally, The Goldman Sachs Group boosted their target price on shares of Riskified from $4.00 to $4.50 and gave the stock a “sell” rating in a report on Thursday, March 6th.

Institutional Investors Weigh In On Riskified

A number of hedge funds have recently bought and sold shares of the business. Clal Insurance Enterprises Holdings Ltd raised its stake in Riskified by 76.0% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,734,508 shares of the company’s stock valued at $31,854,000 after purchasing an additional 2,907,585 shares in the last quarter. Jennison Associates LLC raised its stake 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 valued at $26,968,000 after acquiring an additional 19,264 shares during the period. Harvey Partners LLC raised its stake in shares of Riskified by 9.7% in the third quarter. Harvey Partners LLC now owns 3,227,500 shares of the company’s stock valued at $15,266,000 after acquiring an additional 286,500 shares during the period. Clearline Capital LP raised its stake in shares of Riskified by 10.3% in the third quarter. Clearline Capital LP now owns 1,853,922 shares of the company’s stock valued at $8,769,000 after acquiring an additional 173,694 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Riskified by 2.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,181,400 shares of the company’s stock valued at $5,588,000 after acquiring an additional 26,200 shares during the period. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Riskified Price Performance

RSKD opened at $4.52 on Friday. The firm has a market cap of $804.91 million, a P/E ratio of -22.57 and a beta of 1.37. Riskified has a 1-year low of $4.14 and a 1-year high of $6.65. The company has a 50 day simple moving average of $5.14 and a two-hundred day simple moving average of $4.85.

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.