Riskified Ltd. (NYSE:RSKD) Receives $5.78 Consensus PT from Analysts

Shares of Riskified Ltd. (NYSE:RSKD - Get Free Report) have received an average recommendation of "Hold" from the eight research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $5.78.

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of Riskified from $4.00 to $4.50 and gave the stock a "sell" rating in a report on Thursday, March 6th. JPMorgan Chase & Co. reduced their price objective on Riskified from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Monday, March 10th. DA Davidson raised Riskified from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $5.00 to $7.00 in a report on Monday, March 3rd. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $7.00 target price on shares of Riskified in a research report on Monday, March 17th.

Riskified Price Performance

RSKD stock traded up $0.14 on Wednesday, reaching $4.41. 367,367 shares of the company were exchanged, compared to its average volume of 650,062. The firm has a market capitalization of $710.13 million, a PE ratio of -22.02 and a beta of 1.36. Riskified has a 12 month low of $3.94 and a 12 month high of $6.65. The stock's fifty day moving average price is $4.93 and its 200 day moving average price is $4.80.

Institutional Investors Weigh In On Riskified

Several large investors have recently made changes to their positions in the company. Lazard Asset Management LLC bought a new stake in shares of Riskified during the fourth quarter worth $38,000. Group One Trading LLC increased its position in shares of Riskified by 4,503.5% during the fourth quarter. Group One Trading LLC now owns 8,719 shares of the company's stock worth $41,000 after acquiring an additional 8,917 shares in the last quarter. Bayesian Capital Management LP bought a new position in Riskified during the 4th quarter worth about $56,000. Cubist Systematic Strategies LLC bought a new stake in Riskified in the 4th quarter valued at approximately $74,000. Finally, Point72 Asset Management L.P. acquired a new position in Riskified during the fourth quarter worth $88,000. 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.