Analysts Set Riskified Ltd. (NYSE:RSKD) Price Target at $5.89

Riskified Ltd. (NYSE:RSKD) has been given a consensus rating of “Hold” by the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $5.8929.

A number of research firms have issued reports on RSKD. DA Davidson restated a “buy” rating and issued a $6.00 target price on shares of Riskified in a report on Thursday, November 13th. JPMorgan Chase & Co. raised shares of Riskified from an “underweight” rating to a “neutral” rating and set a $6.00 price objective on the stock in a research note on Friday, November 14th. Wall Street Zen upgraded shares of Riskified from a “hold” rating to a “buy” rating in a research report on Sunday, November 16th. UBS Group boosted their price target on Riskified from $5.00 to $5.50 and gave the company a “neutral” rating in a report on Thursday, November 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Riskified in a research note on Monday, December 29th.

Riskified Stock Performance

RSKD stock opened at $4.15 on Tuesday. The stock’s 50 day moving average price is $4.77 and its 200 day moving average price is $4.80. The firm has a market cap of $668.70 million, a P/E ratio of -18.03 and a beta of 1.34. Riskified has a 1 year low of $3.94 and a 1 year high of $5.99.

Riskified (NYSE:RSKD) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $81.86 million during the quarter, compared to analysts’ expectations of $80.25 million. Riskified had a negative return on equity of 8.12% and a negative net margin of 11.04%.The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.03 earnings per share. On average, research analysts predict that Riskified will post -0.15 earnings per share for the current year.

Institutional Trading of Riskified

Hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new stake in Riskified in the 2nd quarter valued at about $36,000. Virtu Financial LLC acquired a new stake in shares of Riskified in the third quarter worth approximately $51,000. Invesco Ltd. acquired a new stake in shares of Riskified in the first quarter worth approximately $51,000. Orion Porfolio Solutions LLC purchased a new stake in Riskified in the second quarter valued at approximately $54,000. Finally, Savant Capital LLC acquired a new position in Riskified during the second quarter worth approximately $57,000. 58.98% of the stock is owned by institutional investors and hedge funds.

About Riskified

Riskified is a technology company specializing in e-commerce fraud prevention and revenue optimization for online merchants. Its platform combines machine learning, behavioral analytics and proprietary risk models to assess the legitimacy of transactions in real time. By offering a chargeback guarantee, Riskified assumes the financial liability for approved orders that later turn out to be fraudulent, allowing retailers to focus on growth rather than dispute management.

The company’s core product suite addresses various aspects of the online shopping lifecycle, including order approval, account takeover protection and policy compliance.