Riskified (NYSE:RSKD) PT Raised to $6.00 at Barclays

Riskified (NYSE:RSKD) had its price target raised by research analysts at Barclays from $5.00 to $6.00 in a research note issued on Monday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential downside of 0.33% from the stock’s current price.

A number of other analysts have also recently issued reports on RSKD. DA Davidson increased their target price on Riskified from $5.00 to $7.00 and gave the stock a “neutral” rating in a research note on Thursday. Keefe, Bruyette & Woods lifted their target price on Riskified from $5.75 to $6.00 and gave the company a “market perform” rating in a research report on Thursday. The Goldman Sachs Group lifted their target price on shares of Riskified from $4.50 to $5.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th. JPMorgan Chase & Co. increased their price objective on shares of Riskified from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Truist Financial reaffirmed a “buy” rating and set a $8.00 price target (up from $7.50) on shares of Riskified in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.50.

Riskified Stock Up 0.8 %

RSKD stock traded up $0.05 during trading on Monday, hitting $6.02. 574,656 shares of the company’s stock traded hands, compared to its average volume of 605,132. The stock has a fifty day moving average price of $5.24 and a two-hundred day moving average price of $4.71. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -19.52 and a beta of 1.31. Riskified has a 52 week low of $3.48 and a 52 week high of $6.29.

Riskified (NYSE:RSKD) last issued its quarterly earnings data on Tuesday, March 5th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. Riskified had a negative net margin of 17.28% and a negative return on equity of 9.55%. The business had revenue of $84.07 million during the quarter, compared to analysts’ expectations of $83.87 million. As a group, equities research analysts expect that Riskified will post -0.15 EPS for the current fiscal year.

Institutional Trading of Riskified

Several institutional investors and hedge funds have recently made changes to their positions in the company. Tidal Investments LLC bought a new position in shares of Riskified in the first quarter valued at approximately $547,000. California State Teachers Retirement System increased its position in Riskified by 10.8% during the 1st quarter. California State Teachers Retirement System now owns 90,693 shares of the company’s stock valued at $491,000 after purchasing an additional 8,814 shares during the period. Invenomic Capital Management LP grew its position in shares of Riskified by 29.7% in the 1st quarter. Invenomic Capital Management LP now owns 763,203 shares of the company’s stock worth $4,129,000 after buying an additional 174,953 shares during the period. Quadrature Capital Ltd lifted its stake in Riskified by 16.7% during the 1st quarter. Quadrature Capital Ltd now owns 50,357 shares of the company’s stock valued at $272,000 after acquiring an additional 7,200 shares during the period. Finally, Covestor Ltd increased its position in shares of Riskified by 2,522.7% during the 1st quarter. Covestor Ltd now owns 7,842 shares of the company’s stock valued at $43,000 after purchasing an additional 7,543 shares during the last quarter. Hedge funds and other institutional investors own 58.98% of the company’s stock.

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.