Analysts Set Riskified Ltd. (NYSE:RSKD) Target Price at $6.03

Shares of Riskified Ltd. (NYSE:RSKD) have received a consensus rating of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $6.03.

A number of research analysts recently commented on RSKD shares. Piper Sandler decreased their price objective on Riskified from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Thursday, August 15th. Truist Financial decreased their price objective on shares of Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. JPMorgan Chase & Co. boosted their target price on Riskified from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. The Goldman Sachs Group cut their price objective on Riskified from $6.00 to $4.50 and set a “sell” rating on the stock in a report on Thursday, August 15th. Finally, UBS Group cut their target price on shares of Riskified from $6.00 to $4.75 and set a “neutral” rating on the stock in a research note on Thursday, August 15th.

Hedge Funds Weigh In On Riskified

A number of large investors have recently modified their holdings of the business. nVerses Capital LLC purchased a new position in Riskified in the second quarter valued at about $29,000. Covestor Ltd boosted its position 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. Aigen Investment Management LP purchased a new position in Riskified during the 4th quarter valued at about $84,000. Valmark Advisers Inc. acquired a new position in Riskified during the second quarter worth about $104,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Riskified in the second quarter valued at approximately $163,000. 58.98% of the stock is owned by hedge funds and other institutional investors.

Riskified Stock Down 2.3 %

Shares of RSKD opened at $4.75 on Friday. Riskified has a 52-week low of $3.48 and a 52-week high of $6.64. The stock has a market cap of $846.81 million, a PE ratio of -15.32 and a beta of 1.37. The firm’s fifty day moving average is $5.35 and its two-hundred day moving average is $5.57.

Riskified (NYSE:RSKD) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. Riskified had a negative return on equity of 8.33% and a negative net margin of 14.57%. The firm had revenue of $78.73 million for the quarter, compared to the consensus estimate of $78.33 million. As a group, research analysts anticipate that Riskified will post -0.17 earnings per share for the current year.

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.