Riskified Ltd. (NYSE:RSKD) Receives $6.63 Consensus Target Price from Brokerages

Shares of Riskified Ltd. (NYSE:RSKD) have received an average recommendation of “Hold” from the eight research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $6.75.

Several equities analysts have recently commented on the stock. Piper Sandler boosted their target price on shares of Riskified from $7.00 to $8.00 and gave the company an “overweight” rating in a research report on Thursday, May 16th. JPMorgan Chase & Co. raised their target price on Riskified from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Thursday, May 16th. DA Davidson boosted their price target on Riskified from $5.00 to $7.00 and gave the stock a “neutral” rating in a report on Thursday, May 16th. UBS Group raised their price objective on Riskified from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Finally, Barclays boosted their target price on Riskified from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Monday, May 20th.

Institutional Investors Weigh In On Riskified

Institutional investors have recently added to or reduced their stakes in the business. Rubric Capital Management LP grew its stake in shares of Riskified by 159.2% in the fourth quarter. Rubric Capital Management LP now owns 4,173,636 shares of the company’s stock worth $19,533,000 after purchasing an additional 2,563,384 shares during the last quarter. Formation8 GP LLC bought a new stake in shares of Riskified in the 4th quarter valued at about $7,949,000. Invenomic Capital Management LP acquired a new stake in shares of Riskified in the fourth quarter valued at about $2,753,000. Capital World Investors raised its position in shares of Riskified by 6.3% during the fourth quarter. Capital World Investors now owns 9,774,367 shares of the company’s stock worth $45,744,000 after acquiring an additional 580,000 shares during the last quarter. Finally, Tidal Investments LLC acquired a new position in shares of Riskified in the first quarter worth approximately $547,000. 58.98% of the stock is owned by institutional investors.

Riskified Trading Up 2.3 %

NYSE RSKD opened at $6.36 on Monday. Riskified has a 1-year low of $3.48 and a 1-year high of $6.64. The company has a 50 day moving average of $6.08 and a 200-day moving average of $5.29.

Riskified (NYSE:RSKD) last released its earnings results on Wednesday, May 15th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. The firm had revenue of $76.41 million during the quarter, compared to the consensus estimate of $75.40 million. Riskified had a negative return on equity of 9.55% and a negative net margin of 17.28%. Sell-side analysts expect that Riskified will post -0.17 earnings per share for the current fiscal 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.