Riskified (NYSE:RSKD) Shares Gap Up to $5.38

Riskified Ltd. (NYSE:RSKD – Get Rating)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $5.38, but opened at $5.80. Riskified shares last traded at $5.99, with a volume of 235,298 shares traded.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RSKD. TheStreet downgraded shares of Riskified from a “c-” rating to a “d” rating in a report on Thursday, March 2nd. The Goldman Sachs Group upgraded shares of Riskified from a “sell” rating to a “neutral” rating and set a $5.00 target price on the stock in a research report on Monday, January 9th. Barclays lifted their target price on shares of Riskified to $7.00 in a research report on Wednesday, November 16th. Credit Suisse Group decreased their target price on shares of Riskified from $9.00 to $8.00 and set an “outperform” rating on the stock in a research report on Friday, February 24th. Finally, Piper Sandler upgraded shares of Riskified from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $6.00 to $8.00 in a research report on Friday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Riskified presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.60.

Riskified Stock Up 2.4 %

The stock has a market capitalization of $903.42 million, a price-to-earnings ratio of -8.89 and a beta of 1.25. The stock’s 50-day simple moving average is $5.56 and its 200 day simple moving average is $4.96.

Hedge Funds Weigh In On Riskified

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc acquired a new position in Riskified in the fourth quarter valued at about $49,000. Fox Run Management L.L.C. acquired a new position in shares of Riskified during the third quarter worth approximately $50,000. State of Wyoming acquired a new position in shares of Riskified during the fourth quarter worth approximately $61,000. Tudor Investment Corp Et Al acquired a new position in shares of Riskified during the third quarter worth approximately $55,000. Finally, Geode Capital Management LLC acquired a new position in shares of Riskified during the fourth quarter worth approximately $71,000. 25.84% of the stock is currently owned by institutional investors and hedge funds.

Riskified Company Profile

(Get Rating)

Riskified Ltd. operates an e-commerce risk management platform that allows online merchants to create trusted relationships with their consumers in the United States, Europe, the Middle East, Africa, and internationally. It offers Chargeback Guarantee that approves or denies online orders; Policy Protect and Account Secure, which identifies and blocks consumers that may be taking advantage of the merchant's terms and conditions or that may be trying to gain unauthorized access to another consumer's account; Deco and PSD2, a optimize products that help merchants to avoid bank authorization failures and abandoned shopping carts resulting from the secure customer authentication process.