Analysts Set Riskified Ltd. (NYSE:RSKD) PT at $5.72

Shares of Riskified Ltd. (NYSE:RSKD) have been assigned a consensus recommendation of “Hold” from the eight analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $5.72.

A number of research firms recently issued reports on RSKD. DA Davidson raised shares of Riskified to a “hold” rating in a research report on Thursday, November 14th. Piper Sandler dropped their target price 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. UBS Group dropped their target price 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. Keefe, Bruyette & Woods dropped their target price 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. Finally, The Goldman Sachs Group dropped their target price 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.

Riskified Price Performance

NYSE RSKD opened at $5.28 on Tuesday. Riskified has a 12 month low of $4.14 and a 12 month high of $6.64. The company has a 50-day moving average of $5.10 and a 200-day moving average of $4.86. The company has a market cap of $941.98 million, a P/E ratio of -26.42 and a beta of 1.38.

Riskified declared that its board has authorized a share buyback program on Wednesday, November 13th that authorizes the company to repurchase $75.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Riskified

A number of institutional investors and hedge funds have recently bought and sold shares of RSKD. Lazard Asset Management LLC purchased a new position in Riskified in the 4th quarter worth approximately $38,000. Group One Trading LLC boosted its holdings in Riskified by 4,503.5% in the 4th quarter. Group One Trading LLC now owns 8,719 shares of the company’s stock worth $41,000 after acquiring an additional 8,917 shares during the period. Bayesian Capital Management LP purchased a new position in Riskified in the 4th quarter worth approximately $56,000. Cubist Systematic Strategies LLC purchased a new position in shares of Riskified during the 4th quarter valued at approximately $74,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Riskified during the 4th quarter valued at approximately $88,000. Hedge funds and other institutional investors own 58.98% of the company’s stock.

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.