Analysts Set Riskified Ltd. (NYSE:RSKD) PT at $5.72

Shares of Riskified Ltd. (NYSE:RSKD) have earned an average rating of “Hold” from the eight research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $5.72.

RSKD has been the subject of several recent research reports. Keefe, Bruyette & Woods cut 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 target price on Riskified from $4.75 to $4.50 and set a “neutral” rating on the stock in a report on Thursday, November 14th. The Goldman Sachs Group dropped their price target on Riskified from $4.50 to $4.00 and set a “sell” rating for the company in a research note on Monday, December 2nd. DA Davidson upgraded shares of Riskified to a “hold” rating in a research note on Thursday, November 14th. Finally, Piper Sandler dropped their target price on shares of Riskified from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th.

Institutional Trading of Riskified

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Y.D. More Investments Ltd lifted its stake in shares of Riskified by 16.6% in the 4th quarter. Y.D. More Investments Ltd now owns 35,614 shares of the company’s stock valued at $168,000 after acquiring an additional 5,081 shares during the last quarter. Jennison Associates LLC raised its position in Riskified by 0.3% in the fourth quarter. Jennison Associates LLC now owns 5,701,408 shares of the company’s stock valued at $26,968,000 after purchasing an additional 19,264 shares during the last quarter. JPMorgan Chase & Co. raised its position in Riskified by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 875,723 shares of the company’s stock valued at $4,142,000 after purchasing an additional 15,250 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of Riskified by 4.8% during the third quarter. Tidal Investments LLC now owns 100,525 shares of the company’s stock worth $475,000 after purchasing an additional 4,616 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Riskified by 106.6% during the third quarter. Barclays PLC now owns 39,174 shares of the company’s stock worth $186,000 after purchasing an additional 20,213 shares during the last quarter. Institutional investors own 58.98% of the company’s stock.

Riskified Stock Down 0.1 %

Shares of RSKD stock opened at $5.17 on Friday. Riskified has a 12-month low of $4.14 and a 12-month high of $6.64. The company has a market capitalization of $920.76 million, a PE ratio of -25.82 and a beta of 1.37. The firm has a 50 day moving average price of $4.86 and a two-hundred day moving average price of $4.95.

Riskified (NYSE:RSKD) last released its quarterly earnings results on Wednesday, November 13th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $78.80 million for the quarter, compared to analyst estimates of $75.01 million. Riskified had a negative net margin of 10.72% and a negative return on equity of 6.00%. Riskified’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.12) earnings per share. As a group, research analysts expect that Riskified will post -0.15 EPS for the current year.

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

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.