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

Piper Sandler reaffirmed their overweight rating on shares of Riskified (NYSE:RSKD) in a research report released on Monday,Benzinga reports. They currently have a $7.00 price target on the stock.

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

Riskified Trading Up 3.7 %

Shares of Riskified stock opened at $4.66 on Monday. The firm has a market capitalization of $750.43 million, a PE ratio of -23.27 and a beta of 1.37. Riskified has a 12 month low of $4.14 and a 12 month high of $6.65. The business’s 50-day moving average price is $5.13 and its 200-day moving average price is $4.84.

Institutional Investors Weigh In On Riskified

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new stake in shares of Riskified during the fourth quarter valued at approximately $38,000. Group One Trading LLC increased its position in Riskified by 4,503.5% during the fourth quarter. Group One Trading LLC now owns 8,719 shares of the company’s stock valued at $41,000 after acquiring an additional 8,917 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Riskified in the fourth quarter valued at $56,000. Cubist Systematic Strategies LLC bought a new stake in shares of Riskified in the 4th quarter worth about $74,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Riskified during the 4th quarter worth about $88,000. 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.