JPMorgan Chase & Co. Raises Riskified (NYSE:RSKD) Price Target to $7.00

Riskified (NYSE:RSKD) had its target price upped by JPMorgan Chase & Co. from $6.00 to $7.00 in a research note released on Tuesday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other equities analysts have also commented on the company. The Goldman Sachs Group cut their price objective on Riskified from $6.00 to $4.50 and set a sell rating on the stock in a research note on Thursday, August 15th. Keefe, Bruyette & Woods upped 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. DA Davidson lifted their target price on shares of Riskified from $5.00 to $7.00 and gave the stock a neutral rating in a research note on Thursday, May 16th. Barclays cut their price target on shares of Riskified from $6.00 to $5.00 and set an equal weight rating on the stock in a research report on Friday, August 16th. Finally, UBS Group lowered their price objective on Riskified from $6.00 to $4.75 and set a neutral rating for the company in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $6.03.

Riskified Stock Up 2.5 %

NYSE RSKD opened at $4.87 on Tuesday. The company has a market capitalization of $868.20 million, a price-to-earnings ratio of -15.71 and a beta of 1.40. Riskified has a twelve month low of $3.48 and a twelve month high of $6.64. The stock has a fifty day simple moving average of $6.00 and a 200 day simple moving average of $5.53.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in RSKD. Tocqueville Asset Management L.P. raised its position in shares of Riskified by 19.3% during the first quarter. Tocqueville Asset Management L.P. now owns 526,000 shares of the company’s stock worth $2,846,000 after purchasing an additional 85,000 shares during the period. Invenomic Capital Management LP raised its holdings in Riskified by 29.7% during the first quarter. Invenomic Capital Management LP now owns 763,203 shares of the company’s stock worth $4,129,000 after buying an additional 174,953 shares during the last quarter. Tidal Investments LLC bought a new position in shares of Riskified in the first quarter valued at $547,000. Capital World Investors grew its holdings in shares of Riskified by 6.3% during the fourth quarter. Capital World Investors now owns 9,774,367 shares of the company’s stock valued at $45,744,000 after buying an additional 580,000 shares during the last quarter. Finally, Formation8 GP LLC bought a new stake in shares of Riskified during the fourth quarter worth about $7,949,000. Institutional investors own 58.98% of the company’s stock.

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.