Riskified (NYSE:RSKD) Earns "Overweight" Rating from Piper Sandler

Piper Sandler reissued their overweight rating on shares of Riskified (NYSE:RSKD - Free Report) in a research report report published on Monday morning,Benzinga reports. The firm currently has a $7.00 price objective on the stock.

A number of other analysts have also recently issued reports on RSKD. JPMorgan Chase & Co. decreased their target price on Riskified from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Monday, March 10th. The Goldman Sachs Group increased their price objective on Riskified from $4.00 to $4.50 and gave the company a "sell" rating in a report on Thursday, March 6th. Finally, DA Davidson upgraded shares of Riskified from a "neutral" rating to a "buy" rating and raised their target price for the stock from $5.00 to $7.00 in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $5.78.

Riskified Stock Down 0.5 %

RSKD traded down $0.03 on Monday, reaching $4.67. The company had a trading volume of 462,684 shares, compared to its average volume of 644,354. Riskified has a 1 year low of $4.14 and a 1 year high of $6.65. The stock has a market capitalization of $752.04 million, a PE ratio of -23.32 and a beta of 1.37. The stock has a 50-day moving average price of $5.13 and a 200-day moving average price of $4.84.

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Institutional Investors Weigh In On Riskified

Several hedge funds have recently modified their holdings of the stock. Clal Insurance Enterprises Holdings Ltd raised its position in Riskified by 76.0% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,734,508 shares of the company's stock worth $31,854,000 after buying an additional 2,907,585 shares during the last quarter. Monimus Capital Management LP purchased a new position in Riskified during the fourth quarter worth about $3,428,000. Jennison Associates LLC raised its holdings in 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 purchasing an additional 573,596 shares in the last quarter. Millennium Management LLC lifted its position in Riskified by 171.0% in the fourth quarter. Millennium Management LLC now owns 766,977 shares of the company's stock valued at $3,628,000 after purchasing an additional 483,975 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in Riskified in the 3rd quarter valued at approximately $1,438,000. 58.98% of the stock is owned by institutional investors and hedge funds.

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.