Riskified (NYSE:RSKD) Reaches New 52-Week Low – What’s Next?

Riskified Ltd. (NYSE:RSKD)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as $4.14 and last traded at $4.27, with a volume of 257397 shares. The stock had previously closed at $4.55.

Analyst Ratings Changes

A number of research firms have recently weighed in on RSKD. The Goldman Sachs Group boosted their target price on shares of Riskified from $4.00 to $4.50 and gave the stock a “sell” rating in a report on Thursday, March 6th. JPMorgan Chase & Co. decreased their price objective on Riskified from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Monday, March 10th. Piper Sandler reiterated an “overweight” rating and issued a $7.00 target price on shares of Riskified in a report on Monday, March 17th. Finally, DA Davidson upgraded Riskified from a “neutral” rating to a “buy” rating and raised their price target for the stock from $5.00 to $7.00 in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $5.78.

Riskified Price Performance

The stock’s fifty day moving average price is $5.05 and its 200 day moving average price is $4.83. The stock has a market capitalization of $681.11 million, a P/E ratio of -21.12 and a beta of 1.36.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC purchased a new position in shares of Riskified in the 4th quarter valued at $38,000. Group One Trading LLC lifted its stake in shares of Riskified by 4,503.5% during the fourth quarter. Group One Trading LLC now owns 8,719 shares of the company’s stock worth $41,000 after buying an additional 8,917 shares during the period. Bayesian Capital Management LP purchased a new stake in shares of Riskified during the fourth quarter valued at $56,000. Cubist Systematic Strategies LLC acquired a new position in shares of Riskified in the 4th quarter valued at $74,000. Finally, Point72 Asset Management L.P. purchased a new position in Riskified in the 4th quarter worth $88,000. 58.98% of the stock is currently owned by institutional investors.

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.