Riskified Ltd. (NYSE:RSKD) Given Consensus Recommendation of “Hold” by Analysts

Shares of Riskified Ltd. (NYSE:RSKD) have been assigned an average recommendation of “Hold” from the eight analysts that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $5.8929.

A number of brokerages recently weighed in on RSKD. JPMorgan Chase & Co. raised Riskified from an “underweight” rating to a “neutral” rating and set a $6.00 price objective on the stock in a report on Friday, November 14th. UBS Group boosted their target price on shares of Riskified from $5.00 to $5.50 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Riskified from a “hold” rating to a “buy” rating in a report on Sunday, November 16th. Finally, DA Davidson reissued a “buy” rating and set a $6.00 price objective on shares of Riskified in a report on Thursday, November 13th.

Riskified Trading Down 2.3%

Shares of RSKD opened at $4.46 on Friday. The stock’s 50 day moving average is $4.62 and its two-hundred day moving average is $4.71. Riskified has a twelve month low of $3.94 and a twelve month high of $5.68. The firm has a market capitalization of $718.19 million, a PE ratio of -19.37 and a beta of 1.34.

Institutional Investors Weigh In On Riskified

Institutional investors and hedge funds have recently modified their holdings of the company. XTX Topco Ltd increased its stake in Riskified by 60.3% in the 4th quarter. XTX Topco Ltd now owns 79,565 shares of the company’s stock valued at $395,000 after purchasing an additional 29,920 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Riskified in the fourth quarter valued at $535,000. Millennium Management LLC increased its position in shares of Riskified by 335.3% in the fourth quarter. Millennium Management LLC now owns 795,441 shares of the company’s stock valued at $3,953,000 after buying an additional 612,719 shares in the last quarter. Man Group plc acquired a new position in shares of Riskified during the 4th quarter worth $50,000. Finally, 9823 Capital L.P. acquired a new position in shares of Riskified during the 4th quarter worth $182,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

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.