Riskified (NYSE:RSKD) Price Target Raised to $6.00

Riskified (NYSE:RSKD) had its price target increased by UBS Group from $5.00 to $6.00 in a report published on Tuesday, Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other research analysts also recently commented on RSKD. 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 report on Thursday, May 16th. Keefe, Bruyette & Woods boosted their price target on shares of Riskified from $5.75 to $6.00 and gave the stock a market perform rating in a research note on Thursday, May 16th. The Goldman Sachs Group boosted their price target on shares of Riskified from $4.50 to $5.00 and gave the stock a neutral rating in a research note on Wednesday, March 6th. DA Davidson boosted their price objective on shares of Riskified from $5.00 to $7.00 and gave the company a neutral rating in a research report on Thursday, May 16th. Finally, Barclays boosted their price objective on shares of Riskified from $5.00 to $6.00 and gave the company an equal weight rating in a research report on Monday, May 20th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $6.63.

Riskified Trading Up 2.0 %

Riskified stock opened at $6.26 on Tuesday. Riskified has a 1-year low of $3.48 and a 1-year high of $6.31. The firm has a 50 day simple moving average of $5.34 and a 200 day simple moving average of $4.78.

Riskified (NYSE:RSKD) last released its quarterly earnings data on Tuesday, March 5th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. Riskified had a negative net margin of 17.28% and a negative return on equity of 9.55%. The business had revenue of $84.07 million during the quarter, compared to analyst estimates of $83.87 million. Analysts anticipate that Riskified will post -0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Riskified

Hedge funds have recently bought and sold shares of the business. Covestor Ltd lifted its stake in shares of Riskified by 2,522.7% in the first quarter. Covestor Ltd now owns 7,842 shares of the company’s stock worth $43,000 after buying an additional 7,543 shares in the last quarter. Johnson Investment Counsel Inc. purchased a new stake in shares of Riskified in the third quarter worth $76,000. Aigen Investment Management LP purchased a new position in Riskified during the fourth quarter valued at $84,000. Keybank National Association OH bought a new position in Riskified during the third quarter valued at $102,000. Finally, New York State Common Retirement Fund bought a new position in Riskified during the third quarter valued at $109,000. 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.