Riskified (NYSE:RSKD) Stock Rating Upgraded by DA Davidson

DA Davidson upgraded shares of Riskified (NYSE:RSKD - Free Report) from a neutral rating to a buy rating in a research note released on Monday morning, Marketbeat Ratings reports. The brokerage currently has $7.00 target price on the stock, up from their prior target price of $5.00.

Several other equities research analysts have also recently issued reports on the company. UBS Group cut their price target on Riskified from $4.75 to $4.50 and set a "neutral" rating for the company in a research note on Thursday, November 14th. Piper Sandler cut their target price on Riskified from $7.00 to $6.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods decreased their price target on Riskified from $5.50 to $5.25 and set a "market perform" rating on the stock in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group cut their price objective 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $5.91.

Riskified Price Performance

NYSE RSKD traded down $0.28 on Monday, reaching $4.94. The stock had a trading volume of 1,107,500 shares, compared to its average volume of 546,193. The company has a market cap of $879.79 million, a P/E ratio of -24.67 and a beta of 1.38. The firm has a fifty day moving average of $5.16 and a two-hundred day moving average of $4.86. Riskified has a 1-year low of $4.14 and a 1-year high of $6.64.

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Riskified announced that its Board of Directors has approved a stock buyback plan on Wednesday, November 13th that permits the company to repurchase $75.00 million in shares. This repurchase authorization permits the company to repurchase up to 9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Institutional Trading of Riskified

Several hedge funds have recently bought and sold shares of the business. Lazard Asset Management LLC bought a new position in Riskified in the 4th quarter valued at about $38,000. Group One Trading LLC raised its stake in shares of Riskified by 4,503.5% in the fourth quarter. Group One Trading LLC now owns 8,719 shares of the company's stock worth $41,000 after purchasing an additional 8,917 shares during the last quarter. Bayesian Capital Management LP bought a new position in shares of Riskified in the fourth quarter valued at approximately $56,000. Cubist Systematic Strategies LLC purchased a new position in shares of Riskified during the fourth quarter valued at approximately $74,000. Finally, Point72 Asset Management L.P. bought a new stake in Riskified during the fourth quarter worth $88,000. Institutional investors and hedge funds 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.