Riskified (NYSE:RSKD) Shares Gap Up - Time to Buy?

Riskified Ltd. (NYSE:RSKD - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $5.14, but opened at $5.48. Riskified shares last traded at $5.36, with a volume of 151,747 shares trading hands.

Analysts Set New Price Targets

Several research analysts have commented on RSKD shares. The Goldman Sachs Group increased their price objective on shares of Riskified from $4.00 to $4.50 and gave the company a "sell" rating in a report on Thursday. Keefe, Bruyette & Woods dropped their price target on Riskified from $5.50 to $5.25 and set a "market perform" rating for the company in a research note on Thursday, November 14th. UBS Group reduced their price objective on Riskified from $4.75 to $4.50 and set a "neutral" rating on the stock in a research note on Thursday, November 14th. Piper Sandler increased their target price on Riskified from $6.00 to $7.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, DA Davidson raised shares of Riskified from a "neutral" rating to a "buy" rating and raised their target price for the company from $5.00 to $7.00 in a report on Monday. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $5.91.

Riskified Price Performance

The business has a 50-day moving average of $5.16 and a 200-day moving average of $4.86. The company has a market capitalization of $879.79 million, a P/E ratio of -24.67 and a beta of 1.38.

Remove Ads

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

Institutional Trading of Riskified

Several institutional investors have recently added to or reduced their stakes in RSKD. Lazard Asset Management LLC bought a new position in shares of Riskified during the fourth quarter valued at approximately $38,000. Group One Trading LLC grew its position in Riskified by 4,503.5% in the 4th quarter. Group One Trading LLC now owns 8,719 shares of the company's stock valued at $41,000 after acquiring an additional 8,917 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in Riskified in the fourth quarter worth $56,000. Cubist Systematic Strategies LLC bought a new stake in shares of Riskified during the fourth quarter worth $74,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Riskified during the fourth quarter worth $88,000. Institutional investors own 58.98% of the company's stock.

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.