Analysts Set Riskified Ltd. (NYSE:RSKD) Target Price at $5.84

Riskified Ltd. (NYSE:RSKD) has been assigned a consensus rating of “Hold” from the eight research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $5.84.

A number of research firms recently commented on RSKD. The Goldman Sachs Group lowered their price target on shares of Riskified from $4.50 to $4.00 and set a “sell” rating on the stock in a research report on Monday, December 2nd. UBS Group dropped their price target on shares of Riskified from $4.75 to $4.50 and set a “neutral” rating for the company in a research report on Thursday, November 14th. Piper Sandler reissued an “overweight” rating and set a $7.00 price target on shares of Riskified in a research report on Thursday, November 14th. DA Davidson raised Riskified to a “hold” rating in a report on Thursday, November 14th. Finally, Keefe, Bruyette & Woods reduced their target price on Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a report on Thursday, November 14th.

Riskified Trading Down 0.2 %

Riskified stock opened at $4.73 on Monday. The company has a market capitalization of $843.24 million, a price-to-earnings ratio of -23.65 and a beta of 1.38. Riskified has a 12 month low of $4.14 and a 12 month high of $6.64. The stock’s 50 day moving average is $4.68 and its 200-day moving average is $5.14.

Riskified (NYSE:RSKD) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Riskified had a negative return on equity of 6.00% and a negative net margin of 10.72%. The firm had revenue of $78.80 million for the quarter, compared to analyst estimates of $75.01 million. During the same period in the prior year, the firm posted ($0.12) EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. As a group, equities research analysts predict that Riskified will post -0.15 earnings per share for the current fiscal year.

Riskified declared that its Board of Directors has initiated a stock buyback plan on Wednesday, November 13th that allows the company to repurchase $75.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Riskified

A number of institutional investors have recently modified their holdings of RSKD. Clal Insurance Enterprises Holdings Ltd boosted its stake in Riskified by 76.0% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,734,508 shares of the company’s stock valued at $31,854,000 after buying an additional 2,907,585 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Riskified by 199.4% in the 2nd quarter. Acadian Asset Management LLC now owns 2,632,439 shares of the company’s stock valued at $16,803,000 after purchasing an additional 1,753,260 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Riskified by 11.2% during the 3rd quarter. Jennison Associates LLC now owns 5,682,144 shares of the company’s stock valued at $26,877,000 after purchasing an additional 573,596 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Riskified during the 3rd quarter worth approximately $1,438,000. Finally, Allspring Global Investments Holdings LLC increased its position in Riskified by 37.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,052,944 shares of the company’s stock worth $4,980,000 after purchasing an additional 286,603 shares in the last quarter. 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.