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

Shares of Riskified Ltd. (NYSE:RSKD) have been given an average recommendation of “Hold” by the eight brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $5.78.

Several analysts recently issued reports on RSKD shares. Piper Sandler reiterated an “overweight” rating and issued a $7.00 price target on shares of Riskified in a report on Monday, March 17th. JPMorgan Chase & Co. lowered their target price on Riskified from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Monday, March 10th. The Goldman Sachs Group raised their target price 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 upgraded Riskified from a “neutral” rating to a “buy” rating and raised their target price for the company from $5.00 to $7.00 in a research note on Monday, March 3rd.

Riskified Trading Down 0.5 %

Shares of NYSE RSKD opened at $4.67 on Friday. Riskified has a 12-month low of $4.14 and a 12-month high of $6.65. The company has a market cap of $752.04 million, a P/E ratio of -23.32 and a beta of 1.37. The stock has a fifty day moving average price of $5.13 and a 200 day moving average price of $4.83.

Hedge Funds Weigh In On Riskified

A number of hedge funds have recently bought and sold shares of RSKD. State of New Jersey Common Pension Fund D grew its stake in Riskified by 107.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 67,686 shares of the company’s stock worth $320,000 after purchasing an additional 35,096 shares in the last quarter. Jennison Associates LLC grew its stake in Riskified by 11.2% in the third quarter. Jennison Associates LLC now owns 5,682,144 shares of the company’s stock worth $26,877,000 after purchasing an additional 573,596 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Riskified by 61.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 313,143 shares of the company’s stock worth $1,481,000 after purchasing an additional 119,038 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its stake in 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 in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Riskified in the third quarter worth about $120,000. 58.98% of the stock is currently 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.