Analysts Set Riskified Ltd. (NYSE:RSKD) PT at $6.38

Riskified Ltd. (NYSE:RSKD) has received a consensus rating of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $6.63.

RSKD has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods boosted their target price on Riskified from $5.75 to $6.00 and gave the company a “market perform” rating in a research note on Thursday, May 16th. The Goldman Sachs Group increased their target price on Riskified from $4.50 to $5.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. Barclays upped their price target on shares of Riskified from $5.00 to $6.00 and gave the company an “equal weight” rating in a report on Monday. UBS Group increased their price objective on shares of Riskified from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Piper Sandler boosted their price objective on shares of Riskified from $7.00 to $8.00 and gave the company an “overweight” rating in a research report on Thursday, May 16th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Covestor Ltd increased its position in Riskified by 2,522.7% during the first quarter. Covestor Ltd now owns 7,842 shares of the company’s stock worth $43,000 after buying an additional 7,543 shares during the last quarter. Johnson Investment Counsel Inc. acquired a new position in Riskified in the 3rd quarter valued at about $76,000. Aigen Investment Management LP bought a new position in Riskified in the 4th quarter valued at about $84,000. Keybank National Association OH acquired a new stake in Riskified during the third quarter worth approximately $102,000. Finally, New York State Common Retirement Fund acquired a new stake in Riskified during the third quarter worth approximately $109,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

Riskified Stock Performance

RSKD opened at $6.14 on Friday. The company has a fifty day moving average price of $5.31 and a two-hundred day moving average price of $4.76. Riskified has a 52 week low of $3.48 and a 52 week high of $6.29. The firm has a market capitalization of $1.09 billion, a PE ratio of -19.81 and a beta of 1.31.

Riskified (NYSE:RSKD) last released its earnings results on Tuesday, March 5th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. Riskified had a negative net margin of 17.28% and a negative return on equity of 9.55%. The firm had revenue of $84.07 million during the quarter, compared to analyst estimates of $83.87 million. Equities analysts forecast that Riskified will post -0.17 EPS for the current year.

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.