Brokerages Set Riskified Ltd. (NYSE:RSKD) Price Target at $5.72

Riskified Ltd. (NYSE:RSKD) has earned an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $5.72.

RSKD has been the topic of several recent research reports. Keefe, Bruyette & Woods lowered their target price on Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a report on Thursday, November 14th. DA Davidson upgraded Riskified to a “hold” rating in a report on Thursday, November 14th. UBS Group lowered 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. Piper Sandler lowered their target price on Riskified from $7.00 to $6.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group reduced their price target on shares of Riskified from $4.50 to $4.00 and set a “sell” rating on the stock in a research report on Monday, December 2nd.

Institutional Trading of Riskified

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RSKD. State of New Jersey Common Pension Fund D purchased a new stake in Riskified in the second quarter valued at approximately $208,000. Renaissance Technologies LLC raised its position in Riskified by 17.2% in the second quarter. Renaissance Technologies LLC now owns 1,118,900 shares of the company’s stock valued at $7,150,000 after purchasing an additional 164,600 shares during the period. Sei Investments Co. raised its position in Riskified by 110.8% in the second quarter. Sei Investments Co. now owns 34,991 shares of the company’s stock valued at $224,000 after purchasing an additional 18,392 shares during the period. Squarepoint Ops LLC purchased a new stake in Riskified in the second quarter valued at approximately $163,000. Finally, Susquehanna Fundamental Investments LLC raised its position in Riskified by 18.2% in the second quarter. Susquehanna Fundamental Investments LLC now owns 75,058 shares of the company’s stock valued at $480,000 after purchasing an additional 11,574 shares during the period. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Riskified Trading Up 1.9 %

RSKD stock opened at $5.20 on Friday. Riskified has a 12-month low of $4.14 and a 12-month high of $6.64. The business’s 50-day moving average is $4.88 and its 200 day moving average is $4.95.

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

Riskified announced that its Board of Directors has initiated a share repurchase plan on Wednesday, November 13th that permits the company to repurchase $75.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.