Riskified (NYSE:RSKD) Sees Large Volume Increase

Riskified Ltd. (NYSE:RSKD) saw an uptick in trading volume on Thursday . 1,347,681 shares were traded during mid-day trading, an increase of 93% from the previous session’s volume of 696,489 shares.The stock last traded at $4.75 and had previously closed at $4.60.

Wall Street Analyst Weigh In

Several research analysts have weighed in on RSKD shares. Truist Financial lowered their target price on shares of Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday. The Goldman Sachs Group dropped their price objective on Riskified from $6.00 to $4.50 and set a “sell” rating for the company in a research note on Thursday. DA Davidson lifted their target price on Riskified from $5.00 to $7.00 and gave the company a “neutral” rating in a research report on Thursday, May 16th. Keefe, Bruyette & Woods raised their price objective on shares of Riskified from $5.75 to $6.00 and gave the company a “market perform” rating in a research note on Thursday, May 16th. Finally, JPMorgan Chase & Co. raised their price target on shares of Riskified from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Thursday, May 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $6.03.

Riskified Trading Up 0.2 %

The stock has a fifty day simple moving average of $6.11 and a 200-day simple moving average of $5.53. The company has a market capitalization of $830.76 million, a PE ratio of -15.03 and a beta of 1.40.

Riskified (NYSE:RSKD) last posted its earnings results on Wednesday, May 15th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01. The firm had revenue of $76.41 million during the quarter, compared to analysts’ expectations of $75.40 million. Riskified had a negative return on equity of 9.55% and a negative net margin of 17.28%. As a group, equities research analysts predict that Riskified Ltd. will post -0.17 EPS for the current year.

Hedge Funds Weigh In On Riskified

Several large investors have recently bought and sold shares of RSKD. nVerses Capital LLC acquired a new stake in shares of Riskified in the 2nd quarter valued at about $29,000. Covestor Ltd increased its holdings in shares of Riskified by 2,522.7% in the 1st quarter. Covestor Ltd now owns 7,842 shares of the company’s stock valued at $43,000 after acquiring an additional 7,543 shares during the period. Aigen Investment Management LP purchased a new stake in Riskified in the 4th quarter valued at $84,000. Valmark Advisers Inc. purchased a new position in Riskified during the 2nd quarter worth $104,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Riskified by 41.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,082 shares of the company’s stock valued at $122,000 after purchasing an additional 7,609 shares during the period. Institutional investors and hedge funds 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.