Riskified (NYSE:RSKD) Receives “Overweight” Rating from Piper Sandler

Piper Sandler reissued their overweight rating on shares of Riskified (NYSE:RSKD) in a research report released on Monday morning,Benzinga reports. Piper Sandler currently has a $7.00 target price on the stock.

A number of other research analysts have also weighed in on the company. DA Davidson upgraded Riskified from a “neutral” rating to a “buy” rating and raised their price objective for the company from $5.00 to $7.00 in a research report on Monday, March 3rd. The Goldman Sachs Group lifted their price objective on Riskified from $4.00 to $4.50 and gave the stock a “sell” rating in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. decreased their price objective on Riskified from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $5.78.

Riskified Stock Performance

Shares of NYSE:RSKD opened at $4.50 on Monday. The firm has a market cap of $724.80 million, a price-to-earnings ratio of -22.48 and a beta of 1.37. The firm has a fifty day moving average price of $5.14 and a 200 day moving average price of $4.84. Riskified has a fifty-two week low of $4.14 and a fifty-two week high of $6.65.

Institutional Investors Weigh In On Riskified

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC bought a new stake in shares of Riskified in the 4th quarter worth about $38,000. Group One Trading LLC lifted its stake in Riskified by 4,503.5% in the fourth quarter. Group One Trading LLC now owns 8,719 shares of the company’s stock worth $41,000 after purchasing an additional 8,917 shares during the last quarter. Bayesian Capital Management LP purchased a new position in shares of Riskified during the fourth quarter valued at approximately $56,000. Cubist Systematic Strategies LLC bought a new position in shares of Riskified during the fourth quarter valued at approximately $74,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Riskified in the fourth quarter worth approximately $88,000. 58.98% of the stock is currently owned by hedge funds and other institutional investors.

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.