Riskified (RSKD) – Research Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Riskified (NYSE: RSKD) in the last few weeks:

• 8/20/2024 – Riskified had its price target raised by analysts at JPMorgan Chase & Co. from $6.00 to $7.00. They now have a “neutral” rating on the stock.
• 8/16/2024 – Riskified had its price target lowered by analysts at Barclays PLC from $6.00 to $5.00. They now have an “equal weight” rating on the stock.
• 8/15/2024 – Riskified had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $6.00 to $4.50. They now have a “sell” rating on the stock.
• 8/15/2024 – Riskified had its price target lowered by analysts at Piper Sandler from $8.00 to $7.00. They now have an “overweight” rating on the stock.
• 8/15/2024 – Riskified had its price target lowered by analysts at UBS Group AG from $6.00 to $4.75. They now have a “neutral” rating on the stock.
• 8/15/2024 – Riskified had its price target lowered by analysts at Truist Financial Co. from $8.00 to $7.00. They now have a “buy” rating on the stock.
• 7/10/2024 – Riskified was downgraded by analysts at The Goldman Sachs Group, Inc. from a “neutral” rating to a “sell” rating. They now have a $6.00 price target on the stock.

Riskified Stock Up 2.0 %

RSKD opened at $5.02 on Friday. Riskified Ltd. has a 52 week low of $3.48 and a 52 week high of $6.64. The firm has a 50-day simple moving average of $5.88 and a two-hundred day simple moving average of $5.54. The company has a market capitalization of $894.94 million, a PE ratio of -16.19 and a beta of 1.40.

Hedge Funds Weigh In On Riskified

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Algert Global LLC increased its stake in Riskified by 7.1% in the 2nd quarter. Algert Global LLC now owns 43,324 shares of the company’s stock worth $277,000 after acquiring an additional 2,854 shares during the last quarter. nVerses Capital LLC purchased a new stake in Riskified during the second quarter valued at $29,000. Quadrature Capital Ltd lifted its position in Riskified by 16.7% during the first quarter. Quadrature Capital Ltd now owns 50,357 shares of the company’s stock valued at $272,000 after purchasing an additional 7,200 shares during the last quarter. Covestor Ltd grew its stake in shares of Riskified by 2,522.7% in the 1st quarter. Covestor Ltd now owns 7,842 shares of the company’s stock worth $43,000 after buying an additional 7,543 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Riskified by 41.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,082 shares of the company’s stock worth $122,000 after buying an additional 7,609 shares during the last quarter. 58.98% of the stock is owned by institutional investors.

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.