Riskified’s (RSKD) Overweight Rating Reiterated at Piper Sandler

Riskified (NYSE:RSKD)‘s stock had its “overweight” rating reiterated by equities researchers at Piper Sandler in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $7.00 price target on the stock. Piper Sandler’s target price points to a potential upside of 55.04% from the stock’s previous close.

Several other equities analysts also recently commented on RSKD. The Goldman Sachs Group boosted their price target on shares of Riskified from $4.00 to $4.50 and gave the stock a “sell” rating in a research note on Thursday, March 6th. DA Davidson raised shares of Riskified from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $5.00 to $7.00 in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. decreased their price target on Riskified from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Riskified presently has a consensus rating of “Hold” and a consensus price target of $5.78.

Riskified Price Performance

Shares of RSKD opened at $4.52 on Monday. The firm has a 50-day simple moving average of $5.14 and a two-hundred day simple moving average of $4.85. Riskified has a 1-year low of $4.14 and a 1-year high of $6.65. The stock has a market cap of $727.86 million, a PE ratio of -22.57 and a beta of 1.37.

Institutional Trading of Riskified

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund D raised its position in Riskified by 107.7% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 67,686 shares of the company’s stock worth $320,000 after buying an additional 35,096 shares during the last quarter. Jennison Associates LLC increased its holdings in Riskified by 11.2% in the third quarter. Jennison Associates LLC now owns 5,682,144 shares of the company’s stock valued at $26,877,000 after buying an additional 573,596 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Riskified by 61.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 313,143 shares of the company’s stock valued at $1,481,000 after acquiring an additional 119,038 shares during the period. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of 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 acquiring an additional 2,907,585 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Riskified during the third quarter worth $120,000. 58.98% of the stock is owned by hedge funds and other institutional investors.

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.