Truist Financial Forecasts Strong Price Appreciation for Riskified (NYSE:RSKD) Stock

Riskified (NYSE:RSKD) had its price objective raised by Truist Financial from $7.00 to $8.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price objective indicates a potential upside of 61.45% from the company’s previous close.

Several other research analysts also recently weighed in on the company. UBS Group boosted their target price on Riskified from $5.50 to $5.75 and gave the stock a “neutral” rating in a research note on Thursday. The Goldman Sachs Group increased their price objective on shares of Riskified from $4.00 to $4.50 and gave the company a “sell” rating in a research report on Thursday, March 6th. DA Davidson lowered their price objective on shares of Riskified from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Monday, April 14th. JPMorgan Chase & Co. lowered their price target on Riskified from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Monday, March 10th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $7.00 price target on shares of Riskified in a report on Monday, March 17th. 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 to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.03.

Riskified Stock Performance

RSKD stock opened at $4.96 on Thursday. The firm has a market cap of $798.79 million, a price-to-earnings ratio of -24.77 and a beta of 1.36. The firm has a 50-day simple moving average of $4.60 and a two-hundred day simple moving average of $4.82. Riskified has a one year low of $3.94 and a one year high of $6.65.

Institutional Investors Weigh In On Riskified

A number of large investors have recently modified their holdings of RSKD. Lazard Asset Management LLC acquired a new stake in shares of Riskified during the 4th quarter worth approximately $38,000. Group One Trading LLC lifted its stake in shares of Riskified by 4,503.5% in the 4th quarter. Group One Trading LLC now owns 8,719 shares of the company’s stock valued at $41,000 after purchasing an additional 8,917 shares during the last quarter. Invesco Ltd. purchased a new position in shares of Riskified during the 1st quarter worth $51,000. Bayesian Capital Management LP acquired a new stake in shares of Riskified during the 4th quarter worth about $56,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Riskified in the 4th quarter valued at about $74,000. Hedge funds and other institutional investors 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.