Riskified Ltd. (NYSE:RSKD) Receives $5.78 Consensus PT from Analysts

Shares of Riskified Ltd. (NYSE:RSKD) have been assigned an average rating of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $5.78.

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Riskified from $4.00 to $4.50 and gave the company a “sell” rating in a research report on Thursday, March 6th. DA Davidson raised shares of Riskified from a “neutral” rating to a “buy” rating and raised their price target for the company from $5.00 to $7.00 in a research report on Monday, March 3rd. JPMorgan Chase & Co. dropped their price target on shares of Riskified from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Monday, March 10th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $7.00 price target on shares of Riskified in a research report on Monday.

Institutional Investors Weigh In On Riskified

Several large investors have recently modified their holdings of RSKD. State of New Jersey Common Pension Fund D increased its stake in shares of Riskified by 107.7% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 67,686 shares of the company’s stock worth $320,000 after purchasing an additional 35,096 shares during the last quarter. Jennison Associates LLC grew its stake in Riskified by 11.2% in the 3rd quarter. Jennison Associates LLC now owns 5,682,144 shares of the company’s stock valued at $26,877,000 after buying an additional 573,596 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Riskified by 61.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 313,143 shares of the company’s stock valued at $1,481,000 after buying an additional 119,038 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its stake in Riskified by 76.0% in the 3rd 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. Finally, Quantbot Technologies LP purchased a new position in Riskified in the 3rd quarter valued at approximately $120,000. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Riskified Price Performance

RSKD stock opened at $4.50 on Friday. The stock has a market capitalization of $724.80 million, a PE ratio of -22.48 and a beta of 1.37. The company’s 50-day moving average is $5.14 and its 200-day moving average is $4.84. Riskified has a 1 year low of $4.14 and a 1 year high of $6.65.

About Riskified

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.