UBS Group Boosts Riskified (NYSE:RSKD) Price Target to $5.75

Riskified (NYSE:RSKD) had its price objective increased by analysts at UBS Group from $5.50 to $5.75 in a report released on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential upside of 16.04% from the company’s current price.

A number of other research firms have also weighed in on RSKD. Piper Sandler reaffirmed an “overweight” rating and set a $7.00 price target on shares of Riskified in a report on Monday, March 17th. The Goldman Sachs Group lifted their target price on Riskified from $4.00 to $4.50 and gave the company a “sell” rating in a research note on Thursday, March 6th. DA Davidson cut their price target on Riskified from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. cut their target price on Riskified from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Monday, March 10th. One 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 MarketBeat, Riskified has a consensus rating of “Hold” and an average price target of $6.03.

Riskified Stock Down 1.3%

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position in shares of Riskified by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 875,723 shares of the company’s stock worth $4,142,000 after acquiring an additional 15,250 shares in the last quarter. Barclays PLC lifted its stake in Riskified by 106.6% in the 3rd quarter. Barclays PLC now owns 39,174 shares of the company’s stock worth $186,000 after acquiring an additional 20,213 shares in the last quarter. Sei Investments Co. grew its stake in Riskified by 16.2% during the 4th quarter. Sei Investments Co. now owns 94,545 shares of the company’s stock valued at $447,000 after acquiring an additional 13,171 shares in the last quarter. Monimus Capital Management LP purchased a new stake in shares of Riskified in the fourth quarter worth approximately $3,428,000. Finally, ARK Investment Management LLC increased its stake in Riskified by 22.1% in the 4th quarter. ARK Investment Management LLC now owns 394,517 shares of the company’s stock valued at $1,866,000 after buying an additional 71,499 shares during the period. 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.