Riskified (NYSE:RSKD) Trading Up 2.7% – What’s Next?

Riskified Ltd. (NYSE:RSKD) shares shot up 2.7% on Tuesday . The company traded as high as $4.50 and last traded at $4.4350. 564,651 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 579,628 shares. The stock had previously closed at $4.32.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on RSKD shares. DA Davidson reaffirmed a “buy” rating and issued a $6.00 target price on shares of Riskified in a research report on Thursday, November 13th. JPMorgan Chase & Co. upgraded Riskified from an “underweight” rating to a “neutral” rating and set a $6.00 price target for the company in a research note on Friday, November 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Riskified in a report on Monday, December 29th. Wall Street Zen raised shares of Riskified from a “hold” rating to a “buy” rating in a research report on Sunday, November 16th. Finally, UBS Group lifted their price target on shares of Riskified from $5.00 to $5.50 and gave the company a “neutral” rating in a research report on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $5.89.

Riskified Stock Up 2.7%

The business’s 50 day moving average price is $4.65 and its 200-day moving average price is $4.72. The company has a market cap of $714.96 million, a PE ratio of -19.28 and a beta of 1.34.

Hedge Funds Weigh In On Riskified

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Riskified during the second quarter valued at about $36,000. Man Group plc purchased a new position in Riskified in the fourth quarter valued at about $50,000. Virtu Financial LLC acquired a new stake in Riskified during the 3rd quarter valued at approximately $51,000. Invesco Ltd. purchased a new stake in Riskified during the 1st quarter worth approximately $51,000. Finally, T3 Companies LLC acquired a new position in shares of Riskified in the 4th quarter valued at approximately $54,000. 58.98% of the stock is owned by hedge funds and other institutional investors.

Riskified Company Profile

Riskified is a technology company specializing in e-commerce fraud prevention and revenue optimization for online merchants. Its platform combines machine learning, behavioral analytics and proprietary risk models to assess the legitimacy of transactions in real time. By offering a chargeback guarantee, Riskified assumes the financial liability for approved orders that later turn out to be fraudulent, allowing retailers to focus on growth rather than dispute management.

The company’s core product suite addresses various aspects of the online shopping lifecycle, including order approval, account takeover protection and policy compliance.