Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Riskified (NYSE:RSKD) Stock

Riskified (NYSE:RSKD) had its price objective upped by stock analysts at Keefe, Bruyette & Woods from $5.25 to $5.50 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 11.00% from the stock’s previous close.

A number of other equities analysts have also commented on RSKD. DA Davidson cut their price target on shares of Riskified from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group raised their price objective on Riskified from $4.00 to $4.50 and gave the stock a “sell” rating in a research report on Thursday, March 6th. Piper Sandler restated an “overweight” rating and set a $7.00 price target on shares of Riskified in a report on Monday, March 17th. JPMorgan Chase & Co. reduced their price objective on shares of Riskified from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Monday, March 10th. Finally, UBS Group boosted their target price on shares of Riskified from $5.50 to $5.75 and gave the company a “neutral” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $6.03.

Riskified Trading Down 1.3%

Riskified stock opened at $4.96 on Thursday. The stock has a 50-day moving average price of $4.60 and a two-hundred day moving average price of $4.82. Riskified has a 12 month low of $3.94 and a 12 month high of $6.65. The company has a market capitalization of $798.79 million, a PE ratio of -24.77 and a beta of 1.36.

Institutional Investors Weigh In On Riskified

A number of hedge funds have recently added to or reduced their stakes in RSKD. Lazard Asset Management LLC acquired a new stake in Riskified in the 4th quarter valued at $38,000. Group One Trading LLC increased its position in shares of 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 in the last quarter. Invesco Ltd. acquired a new stake in shares of Riskified in the 1st quarter worth about $51,000. Bayesian Capital Management LP bought a new position in Riskified in the 4th quarter valued at about $56,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Riskified in the fourth quarter worth approximately $74,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

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.