Riskified (NYSE:RSKD) Reaches New 52-Week High at $6.51

Shares of Riskified Ltd. (NYSE:RSKDGet Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $6.51 and last traded at $6.49, with a volume of 270909 shares trading hands. The stock had previously closed at $6.25.

Wall Street Analysts Forecast Growth

RSKD has been the subject of a number of recent research reports. UBS Group boosted their price target on shares of Riskified from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. DA Davidson boosted their price target on shares of Riskified from $5.00 to $7.00 and gave the company a “neutral” rating in a research note on Thursday, May 16th. JPMorgan Chase & Co. boosted their price target on shares of Riskified from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Thursday, May 16th. Keefe, Bruyette & Woods upped their target price on shares of Riskified from $5.75 to $6.00 and gave the stock a “market perform” rating in a research note on Thursday, May 16th. Finally, The Goldman Sachs Group upped their target price on shares of Riskified from $4.50 to $5.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.63.

Check Out Our Latest Research Report on RSKD

Riskified Trading Down 2.0 %

The stock’s fifty day moving average is $5.49 and its two-hundred day moving average is $4.91. The company has a market capitalization of $1.09 billion, a PE ratio of -19.76 and a beta of 1.38.

Riskified (NYSE:RSKDGet Free Report) last issued its quarterly earnings results on Wednesday, May 15th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The company had revenue of $76.41 million for the quarter, compared to the consensus estimate of $75.40 million. Riskified had a negative net margin of 17.28% and a negative return on equity of 9.55%. As a group, analysts anticipate that Riskified Ltd. will post -0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On Riskified

A number of hedge funds and other institutional investors have recently made changes to their positions in RSKD. Jump Financial LLC boosted its holdings in shares of Riskified by 345.4% in the 3rd quarter. Jump Financial LLC now owns 105,126 shares of the company’s stock worth $471,000 after buying an additional 81,526 shares during the last quarter. Barclays PLC lifted its holdings in Riskified by 29.3% during the third quarter. Barclays PLC now owns 44,607 shares of the company’s stock valued at $200,000 after purchasing an additional 10,097 shares during the last quarter. New York State Common Retirement Fund purchased a new stake in Riskified during the third quarter valued at about $109,000. Keybank National Association OH purchased a new stake in Riskified during the third quarter valued at about $102,000. Finally, Swiss National Bank lifted its holdings in Riskified by 20.7% during the third quarter. Swiss National Bank now owns 191,013 shares of the company’s stock valued at $856,000 after purchasing an additional 32,700 shares during the last quarter. 58.98% of the stock is owned by hedge funds and other institutional investors.

About Riskified

(Get Free Report)

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.

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