Riskified (NYSE:RSKD - Free Report) had its price objective lowered by JPMorgan Chase & Co. from $7.00 to $6.00 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.
Several other research firms have also issued reports on RSKD. UBS Group lowered their target price on shares of Riskified from $4.75 to $4.50 and set a "neutral" rating on the stock in a research note on Thursday, November 14th. DA Davidson raised shares of Riskified from a "neutral" rating to a "buy" rating and increased their target price for the stock from $5.00 to $7.00 in a research note on Monday, March 3rd. Piper Sandler raised their price target on shares of Riskified from $6.00 to $7.00 and gave the company an "overweight" rating in a research note on Thursday, March 6th. The Goldman Sachs Group raised their price target on shares of Riskified from $4.00 to $4.50 and gave the company a "sell" rating in a research note on Thursday, March 6th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Riskified from $5.50 to $5.25 and set a "market perform" rating on the stock in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $5.78.
Get Our Latest Stock Report on Riskified
Riskified Stock Up 2.1 %
Shares of RSKD stock traded up $0.10 during mid-day trading on Monday, hitting $4.67. 625,415 shares of the stock were exchanged, compared to its average volume of 569,161. The firm has a fifty day moving average of $5.16 and a 200 day moving average of $4.85. Riskified has a 52-week low of $4.14 and a 52-week high of $6.64. The company has a market cap of $831.65 million, a PE ratio of -23.32 and a beta of 1.37.
Riskified declared that its board has authorized a share buyback program on Wednesday, November 13th that allows the company to repurchase $75.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of RSKD. Clal Insurance Enterprises Holdings Ltd lifted its stake in Riskified by 76.0% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,734,508 shares of the company's stock worth $31,854,000 after purchasing an additional 2,907,585 shares in the last quarter. Monimus Capital Management LP purchased a new position in Riskified in the 4th quarter worth approximately $3,428,000. Jennison Associates LLC lifted its stake in Riskified by 11.2% in 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 in the last quarter. Millennium Management LLC lifted its stake in Riskified by 171.0% in the 4th quarter. Millennium Management LLC now owns 766,977 shares of the company's stock worth $3,628,000 after purchasing an additional 483,975 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Riskified during the 3rd quarter worth approximately $1,438,000. 58.98% of the stock is owned by hedge funds and other institutional investors.
About Riskified
(
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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.
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