Riskified Ltd. (NYSE:RSKD) Receives $5.64 Consensus Target Price from Analysts

Riskified Ltd. (NYSE:RSKDGet Free Report) has received a consensus rating of “Hold” from the seven analysts that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $5.64.

Several analysts have weighed in on the company. The Goldman Sachs Group boosted their price objective on Riskified from $4.50 to $5.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. Piper Sandler boosted their price objective on Riskified from $5.00 to $7.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. Barclays cut Riskified from an “overweight” rating to an “equal weight” rating and set a $5.00 price objective for the company. in a report on Thursday, December 14th. Finally, DA Davidson reissued a “neutral” rating and set a $5.00 price objective on shares of Riskified in a report on Wednesday, March 6th.

Check Out Our Latest Report on RSKD

Hedge Funds Weigh In On Riskified

Several institutional investors and hedge funds have recently modified their holdings of RSKD. Legal & General Group Plc boosted its position in Riskified by 4.5% during the 4th quarter. Legal & General Group Plc now owns 83,012 shares of the company’s stock worth $388,000 after acquiring an additional 3,600 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in Riskified during the 4th quarter worth approximately $279,000. Brevan Howard Capital Management LP acquired a new position in Riskified during the 4th quarter worth approximately $74,000. Nebula Research & Development LLC boosted its position in Riskified by 22.0% during the 4th quarter. Nebula Research & Development LLC now owns 91,740 shares of the company’s stock worth $429,000 after acquiring an additional 16,559 shares during the last quarter. Finally, Sirios Capital Management L P boosted its position in Riskified by 52.0% during the 4th quarter. Sirios Capital Management L P now owns 290,246 shares of the company’s stock worth $1,358,000 after acquiring an additional 99,260 shares during the last quarter. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Riskified Stock Up 1.8 %

Riskified stock opened at $5.52 on Friday. The stock has a 50-day simple moving average of $4.91 and a 200 day simple moving average of $4.44. Riskified has a 12-month low of $3.48 and a 12-month high of $5.81. The stock has a market capitalization of $984.08 million, a price-to-earnings ratio of -16.24 and a beta of 1.34.

Riskified (NYSE:RSKDGet Free Report) last released its quarterly earnings results on Tuesday, March 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. Riskified had a negative return on equity of 11.04% and a negative net margin of 19.84%. The business had revenue of $84.07 million during the quarter, compared to analysts’ expectations of $83.87 million. As a group, sell-side analysts anticipate that Riskified will post -0.18 EPS for the current year.

About Riskified

(Get Free Report

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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Analyst Recommendations for Riskified (NYSE:RSKD)

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