Riskified (NYSE:RSKD) Given “Overweight” Rating at Piper Sandler

Piper Sandler reissued their overweight rating on shares of Riskified (NYSE:RSKD) in a report released on Monday morning,Benzinga reports. They currently have a $7.00 price objective on the stock.

RSKD has been the subject of several other reports. JPMorgan Chase & Co. lowered their target price on shares of Riskified from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Monday, March 10th. The Goldman Sachs Group lifted their price objective on Riskified from $4.00 to $4.50 and gave the company a “sell” rating in a research note on Thursday, March 6th. Finally, DA Davidson raised Riskified from a “neutral” rating to a “buy” rating and increased their target price for the stock from $5.00 to $7.00 in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $5.78.

Riskified Price Performance

Shares of RSKD opened at $4.50 on Monday. The company has a 50-day simple moving average of $5.14 and a two-hundred day simple moving average of $4.84. The firm has a market capitalization of $724.80 million, a PE ratio of -22.48 and a beta of 1.37. Riskified has a one year low of $4.14 and a one year high of $6.65.

Institutional Trading of Riskified

Hedge funds have recently bought and sold shares of the stock. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Riskified by 76.0% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,734,508 shares of the company’s stock worth $31,854,000 after purchasing an additional 2,907,585 shares during the period. Monimus Capital Management LP purchased a new position in shares of Riskified during the 4th quarter valued at $3,428,000. Jennison Associates LLC boosted its holdings in Riskified by 11.2% in the 3rd quarter. Jennison Associates LLC now owns 5,682,144 shares of the company’s stock worth $26,877,000 after buying an additional 573,596 shares during the period. Millennium Management LLC increased its stake in Riskified by 171.0% in the 4th quarter. Millennium Management LLC now owns 766,977 shares of the company’s stock worth $3,628,000 after buying an additional 483,975 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Riskified during the third quarter valued at about $1,438,000. Institutional investors own 58.98% of the company’s stock.

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.