Riskified Ltd. (NYSE:RSKD) Given Average Recommendation of "Hold" by Analysts

Shares of Riskified Ltd. (NYSE:RSKD - Get Free Report) have been assigned a consensus rating of "Hold" from the eight research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $5.72.

RSKD has been the subject of a number of research analyst reports. UBS Group reduced 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. The Goldman Sachs Group dropped their price objective on Riskified from $4.50 to $4.00 and set a "sell" rating on the stock in a report on Monday, December 2nd. Piper Sandler dropped their price objective on Riskified from $7.00 to $6.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. Keefe, Bruyette & Woods lowered their price target on Riskified from $5.50 to $5.25 and set a "market perform" rating on the stock in a report on Thursday, November 14th. Finally, DA Davidson upgraded Riskified to a "hold" rating in a report on Thursday, November 14th.

Institutional Inflows and Outflows

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

Riskified Trading Down 3.0 %

RSKD traded down $0.17 on Tuesday, reaching $5.37. The company had a trading volume of 316,479 shares, compared to its average volume of 454,099. The company has a fifty day moving average of $5.08 and a 200-day moving average of $4.88. The company has a market capitalization of $956.42 million, a P/E ratio of -26.82 and a beta of 1.38. Riskified has a one year low of $4.14 and a one year high of $6.64.

Riskified declared that its board has authorized a share repurchase program on Wednesday, November 13th that allows the company to buyback $75.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

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.