Riskified Ltd. (NYSE:RSKD) Receives Consensus Recommendation of “Hold” from Brokerages

Riskified Ltd. (NYSE:RSKD) has been given an average recommendation of “Hold” by the eight brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $5.66.

A number of research analysts recently commented on RSKD shares. DA Davidson reduced their target price on Riskified from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group raised their price objective on Riskified from $4.00 to $4.50 and gave the company a “sell” rating in a report on Thursday, March 6th. JPMorgan Chase & Co. cut 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. Finally, Piper Sandler reissued an “overweight” rating and set a $7.00 price target on shares of Riskified in a research note on Monday, March 17th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RSKD. Tidal Investments LLC raised its stake in Riskified by 4.8% during the third quarter. Tidal Investments LLC now owns 100,525 shares of the company’s stock valued at $475,000 after purchasing an additional 4,616 shares in the last quarter. Y.D. More Investments Ltd raised its position in shares of Riskified by 16.6% during the 4th quarter. Y.D. More Investments Ltd now owns 35,614 shares of the company’s stock valued at $168,000 after buying an additional 5,081 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Riskified by 5.7% in the 4th quarter. New York State Common Retirement Fund now owns 120,740 shares of the company’s stock valued at $571,000 after acquiring an additional 6,487 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Riskified in the fourth quarter worth about $38,000. Finally, Group One Trading LLC increased its stake in Riskified by 4,503.5% during the fourth quarter. Group One Trading LLC now owns 8,719 shares of the company’s stock worth $41,000 after acquiring an additional 8,917 shares during the last quarter. Institutional investors own 58.98% of the company’s stock.

Riskified Trading Up 0.4 %

Riskified stock opened at $4.63 on Friday. The firm’s 50 day simple moving average is $4.62 and its 200 day simple moving average is $4.80. Riskified has a 1-year low of $3.94 and a 1-year high of $6.65. The firm has a market capitalization of $746.40 million, a PE ratio of -23.15 and a beta of 1.36.

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.