Riskified Ltd. (NYSE:RSKD) Given Consensus Rating of “Hold” by Analysts

Shares of Riskified Ltd. (NYSE:RSKD) have been given a consensus rating of “Hold” by the eight ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $5.78.

Several equities analysts have recently weighed in on the company. Piper Sandler restated an “overweight” rating and issued a $7.00 price objective on shares of Riskified in a report on Monday. 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 research note on Monday, March 10th. DA Davidson raised Riskified from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $5.00 to $7.00 in a research report on Monday, March 3rd. Finally, The Goldman Sachs Group boosted their price target on Riskified from $4.00 to $4.50 and gave the stock a “sell” rating in a research report on Thursday, March 6th.

Institutional Investors Weigh In On Riskified

Large investors have recently added to or reduced their stakes in the business. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Riskified by 76.0% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,734,508 shares of the company’s stock valued at $31,854,000 after purchasing an additional 2,907,585 shares during the last quarter. Jennison Associates LLC lifted its holdings in Riskified by 0.3% during the 4th 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. Harvey Partners LLC lifted its holdings in Riskified by 9.7% during the 3rd quarter. Harvey Partners LLC now owns 3,227,500 shares of the company’s stock valued at $15,266,000 after purchasing an additional 286,500 shares during the last quarter. Clearline Capital LP lifted its holdings in Riskified by 10.3% during the 3rd quarter. Clearline Capital LP now owns 1,853,922 shares of the company’s stock valued at $8,769,000 after purchasing an additional 173,694 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Riskified by 2.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,181,400 shares of the company’s stock valued at $5,588,000 after purchasing an additional 26,200 shares during the last quarter. Institutional investors own 58.98% of the company’s stock.

Riskified Trading Up 3.7 %

Riskified stock opened at $4.66 on Friday. Riskified has a 1-year low of $4.14 and a 1-year high of $6.65. The company has a fifty day simple moving average of $5.13 and a 200 day simple moving average of $4.84. The company has a market cap of $750.43 million, a P/E ratio of -23.27 and a beta of 1.37.

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.