Riskified Ltd. (NYSE:RSKD) Receives Consensus Recommendation of “Hold” from Analysts

Riskified Ltd. (NYSE:RSKD) has been given an average recommendation of “Hold” by the eight brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $5.72.

A number of research analysts have recently commented on the stock. DA Davidson raised shares of Riskified to a “hold” rating in a research report on Thursday, November 14th. Keefe, Bruyette & Woods decreased their price objective on shares of Riskified from $5.50 to $5.25 and set a “market perform” rating for the company in a research report on Thursday, November 14th. Piper Sandler decreased their price objective 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. The Goldman Sachs Group decreased 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. Finally, UBS Group decreased their price objective on shares of Riskified from $4.75 to $4.50 and set a “neutral” rating for the company in a research report on Thursday, November 14th.

Institutional Trading of Riskified

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Tidal Investments LLC raised its stake in Riskified by 4.8% in the 3rd quarter. Tidal Investments LLC now owns 100,525 shares of the company’s stock worth $475,000 after purchasing an additional 4,616 shares in the last quarter. Y.D. More Investments Ltd raised its stake in Riskified by 16.6% in the 4th quarter. Y.D. More Investments Ltd now owns 35,614 shares of the company’s stock worth $168,000 after purchasing an additional 5,081 shares in the last quarter. New York State Common Retirement Fund raised its stake in Riskified by 5.7% in the 4th quarter. New York State Common Retirement Fund now owns 120,740 shares of the company’s stock worth $571,000 after purchasing an additional 6,487 shares in the last quarter. State Street Corp raised its stake in Riskified by 0.9% in the 3rd quarter. State Street Corp now owns 745,593 shares of the company’s stock worth $3,527,000 after purchasing an additional 6,927 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in Riskified in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

Riskified Trading Down 3.0 %

Riskified stock opened at $5.37 on Tuesday. The company has a market cap of $956.42 million, a P/E ratio of -26.82 and a beta of 1.38. Riskified has a 1-year low of $4.14 and a 1-year high of $6.64. The company has a fifty day simple moving average of $5.09 and a 200 day simple moving average of $4.87.

Riskified announced that its Board of Directors has authorized a stock repurchase program on Wednesday, November 13th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to buy up to 9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership 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.