Riskified (NYSE:RSKD) Price Target Increased to $6.00 by Analysts at Barclays

Riskified (NYSE:RSKD) had its price target upped by Barclays from $5.00 to $6.00 in a research report released on Monday, Benzinga reports. Barclays currently has an equal weight rating on the stock.

RSKD has been the topic of a number of other reports. JPMorgan Chase & Co. boosted their price target on Riskified from $6.00 to $7.00 and gave the stock a neutral rating in a research report on Thursday, May 16th. Truist Financial reaffirmed a buy rating and issued a $8.00 price objective (up from $7.50) on shares of Riskified in a research report on Thursday, May 16th. Keefe, Bruyette & Woods upped their price objective on Riskified from $5.75 to $6.00 and gave the company a market perform rating in a research report on Thursday, May 16th. Piper Sandler upped their price objective on Riskified from $7.00 to $8.00 and gave the company an overweight rating in a research report on Thursday, May 16th. Finally, The Goldman Sachs Group upped their price objective on Riskified from $4.50 to $5.00 and gave the company a neutral rating in a research report on Wednesday, March 6th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Riskified currently has a consensus rating of Hold and a consensus price target of $6.63.

Riskified Stock Up 0.3 %

Shares of RSKD stock opened at $6.14 on Monday. The business has a 50-day moving average price of $5.31 and a two-hundred day moving average price of $4.76. Riskified has a 12-month low of $3.48 and a 12-month high of $6.29. The firm has a market cap of $1.09 billion, a P/E ratio of -19.81 and a beta of 1.31.

Riskified (NYSE:RSKD) last released its quarterly earnings data on Tuesday, March 5th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.04. The firm had revenue of $84.07 million for the quarter, compared to the consensus estimate of $83.87 million. Riskified had a negative return on equity of 9.55% and a negative net margin of 17.28%. As a group, research analysts expect that Riskified will post -0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Covestor Ltd lifted its stake in 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 purchasing an additional 7,543 shares during the last quarter. Johnson Investment Counsel Inc. purchased a new position in shares of Riskified during the third quarter worth approximately $76,000. Aigen Investment Management LP purchased a new position in shares of Riskified during the fourth quarter worth approximately $84,000. Keybank National Association OH purchased a new position in shares of Riskified during the third quarter worth approximately $102,000. Finally, New York State Common Retirement Fund purchased a new position in shares of Riskified during the third quarter worth approximately $109,000. 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.