Brokerages Set Riskified Ltd. (NYSE:RSKD) PT at $6.03

Shares of Riskified Ltd. (NYSE:RSKD) have been assigned a consensus rating of “Hold” from the eight brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $6.03.

RSKD has been the subject of a number of research analyst reports. Barclays lowered their price target on Riskified from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Friday, August 16th. DA Davidson raised shares of Riskified to a “hold” rating in a report on Wednesday, September 11th. The Goldman Sachs Group decreased their price target on shares of Riskified from $6.00 to $4.50 and set a “sell” rating on the stock in a report on Thursday, August 15th. Truist Financial dropped their price objective on shares of Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Finally, Piper Sandler decreased their target price on shares of Riskified from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Thursday, August 15th.

Riskified Stock Down 6.2 %

Shares of NYSE:RSKD opened at $4.27 on Friday. The company’s 50 day moving average price is $4.61 and its two-hundred day moving average price is $5.41. Riskified has a 12-month low of $3.75 and a 12-month high of $6.64. The firm has a market cap of $761.23 million, a PE ratio of -17.50 and a beta of 1.36.

Riskified (NYSE:RSKD) last released its earnings results on Wednesday, August 14th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.02. Riskified had a negative net margin of 14.57% and a negative return on equity of 8.33%. The firm had revenue of $78.73 million for the quarter, compared to analyst estimates of $78.33 million. On average, research analysts expect that Riskified will post -0.17 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Algert Global LLC lifted its position in shares of Riskified by 7.1% in the 2nd quarter. Algert Global LLC now owns 43,324 shares of the company’s stock worth $277,000 after purchasing an additional 2,854 shares during the period. nVerses Capital LLC acquired a new position in Riskified in the second quarter valued at $29,000. Quadrature Capital Ltd boosted its position in Riskified by 16.7% during the first quarter. Quadrature Capital Ltd now owns 50,357 shares of the company’s stock valued at $272,000 after acquiring an additional 7,200 shares during the last quarter. Covestor Ltd grew its holdings in Riskified by 2,522.7% during the 1st quarter. Covestor Ltd now owns 7,842 shares of the company’s stock worth $43,000 after acquiring an additional 7,543 shares during the period. Finally, Acadian Asset Management LLC raised its position in shares of Riskified by 0.9% in the 1st quarter. Acadian Asset Management LLC now owns 879,179 shares of the company’s stock worth $4,743,000 after acquiring an additional 7,644 shares in the last quarter. 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.