Brokerages Set Riskified Ltd. (NYSE:RSKD) Target Price at $5.72

Shares of Riskified Ltd. (NYSE:RSKD - Get Free Report) have been given an average rating of "Hold" by the eight analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $5.72.

Several analysts have commented on RSKD shares. DA Davidson raised shares of Riskified to a "hold" rating in a research report on Thursday, November 14th. Piper Sandler decreased their price target on shares of Riskified from $7.00 to $6.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group decreased their price target on shares of Riskified from $4.50 to $4.00 and set a "sell" rating for the company in a research report on Monday, December 2nd. UBS Group decreased their price target on shares of Riskified from $4.75 to $4.50 and set a "neutral" rating for the company in a research report on Thursday, November 14th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Riskified from $5.50 to $5.25 and set a "market perform" rating for the company in a research report on Thursday, November 14th.

Riskified Stock Performance

Riskified stock traded up $0.13 during midday trading on Friday, hitting $5.25. 417,669 shares of the company's stock were exchanged, compared to its average volume of 425,871. Riskified has a 12 month low of $4.14 and a 12 month high of $6.64. The firm has a 50-day moving average of $4.81 and a two-hundred day moving average of $4.99. The company has a market cap of $935.03 million, a PE ratio of -26.22 and a beta of 1.37.

Riskified (NYSE:RSKD - Get Free Report) last issued its earnings results on Wednesday, November 13th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. Riskified had a negative net margin of 10.72% and a negative return on equity of 6.00%. The company had revenue of $78.80 million for the quarter, compared to analysts' expectations of $75.01 million. During the same period in the prior year, the business earned ($0.12) EPS. The firm's quarterly revenue was up 9.6% on a year-over-year basis. As a group, equities analysts expect that Riskified will post -0.15 earnings per share for the current year.

Riskified declared that its Board of Directors has approved a stock buyback plan on Wednesday, November 13th that authorizes the company to repurchase $75.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Hedge Funds Weigh In On Riskified

Institutional investors have recently bought and sold shares of the business. Harvey Partners LLC raised its position in Riskified by 9.7% during the 3rd quarter. Harvey Partners LLC now owns 3,227,500 shares of the company's stock worth $15,266,000 after buying an additional 286,500 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Riskified by 61.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 313,143 shares of the company's stock worth $1,481,000 after purchasing an additional 119,038 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Riskified by 1.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 875,723 shares of the company's stock worth $4,142,000 after purchasing an additional 15,250 shares during the period. State Street Corp grew its stake in shares of Riskified by 0.9% during the 3rd quarter. State Street Corp now owns 745,593 shares of the company's stock worth $3,527,000 after purchasing an additional 6,927 shares during the period. Finally, Jennison Associates LLC grew its stake in shares of Riskified by 11.2% during the 3rd quarter. Jennison Associates LLC now owns 5,682,144 shares of the company's stock worth $26,877,000 after purchasing an additional 573,596 shares during the period. 58.98% of the stock is owned by hedge funds and other institutional investors.

Riskified Company Profile

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.