Fund Management

Riskified Ltd. (NYSE:RSKD) Receives Consensus Rating of "Moderate Buy" from Brokerages

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Feb 4, 2023 • 3 min read

Riskified Ltd. (NYSE:RSKD - Get Rating) has earned an average recommendation of "Hold" from the six ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $7.67.

Several analysts have recently issued reports on RSKD shares. The Goldman Sachs Group upped their price objective on Riskified from $4.50 to $5.00 and gave the company a "sell" rating in a research report on Thursday, November 10th. Barclays upped their price objective on Riskified to $7.00 in a research report on Wednesday, November 16th. KeyCorp reduced their price objective on Riskified from $6.00 to $5.00 and set an "overweight" rating on the stock in a research report on Thursday, November 10th. Finally, Credit Suisse Group upped their price objective on Riskified from $8.00 to $9.00 and gave the company an "outperform" rating in a research report on Thursday, November 10th.

Riskified Stock Up 0.7 %

Shares of NYSE:RSKD opened at $4.64 on Thursday. Riskified has a 52-week low of $3.43 and a 52-week high of $7.74. The stock's fifty day simple moving average is $4.85 and its 200-day simple moving average is $4.68. The company has a market capitalization of $760.80 million, a P/E ratio of -6.72 and a beta of 0.92.

Hedge Funds Weigh In On Riskified

Several large investors have recently added to or reduced their stakes in the business. UBS Group AG lifted its position in Riskified by 2.9% during the second quarter. UBS Group AG now owns 62,283 shares of the company's stock worth $276,000 after buying an additional 1,781 shares during the period. California State Teachers Retirement System increased its stake in Riskified by 11.3% during the first quarter. California State Teachers Retirement System now owns 23,697 shares of the company's stock worth $143,000 after acquiring an additional 2,403 shares during the last quarter. Clearline Capital LP increased its stake in Riskified by 0.3% during the second quarter. Clearline Capital LP now owns 1,465,238 shares of the company's stock worth $6,506,000 after acquiring an additional 4,647 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Riskified by 33.4% during the third quarter. Envestnet Asset Management Inc. now owns 21,911 shares of the company's stock worth $86,000 after acquiring an additional 5,485 shares during the last quarter. Finally, ARK Investment Management LLC increased its stake in Riskified by 1.5% during the second quarter. ARK Investment Management LLC now owns 391,654 shares of the company's stock worth $2,037,000 after acquiring an additional 5,897 shares during the last quarter. 25.84% of the stock is currently owned by hedge funds and other institutional investors.

Riskified Company Profile

Riskified Ltd. operates an e-commerce risk management platform that allows online merchants to create trusted relationships with their consumers in the United States, Europe, the Middle East, Africa, and internationally. It offers Chargeback Guarantee that approves or denies online orders; Policy Protect and Account Secure, which identifies and blocks consumers that may be taking advantage of the merchant's terms and conditions or that may be trying to gain unauthorized access to another consumer's account; Deco and PSD2, a optimize products that help merchants to avoid bank authorization failures and abandoned shopping carts resulting from the secure customer authentication process.