Riskified (NYSE:RSKD) Price Target Raised to $7.00

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

A number of other research firms also recently commented on RSKD. Truist Financial dropped their price objective on shares of Riskified from $8.00 to $7.00 and set a buy rating for the company in a research note on Thursday, August 15th. UBS Group dropped their price objective on shares of Riskified from $6.00 to $4.75 and set a neutral rating for the company in a research note on Thursday, August 15th. Barclays dropped their price objective on shares of Riskified from $6.00 to $5.00 and set an equal weight rating for the company in a research note on Friday, August 16th. The Goldman Sachs Group dropped their price objective on shares of Riskified from $6.00 to $4.50 and set a sell rating for the company in a research note on Thursday, August 15th. Finally, DA Davidson upped their price objective on shares of Riskified from $5.00 to $7.00 and gave the company a neutral rating in a research note on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $6.03.

Riskified Stock Performance

Riskified stock opened at $4.76 on Tuesday. The stock has a market cap of $847.70 million, a PE ratio of -15.34 and a beta of 1.40. The stock has a 50-day moving average price of $6.06 and a 200 day moving average price of $5.54. Riskified has a 52 week low of $3.48 and a 52 week high of $6.64.

Institutional Trading of Riskified

A number of institutional investors have recently modified their holdings of RSKD. nVerses Capital LLC purchased a new stake in shares of Riskified during the 2nd quarter worth about $29,000. Covestor Ltd grew its holdings in shares of Riskified by 2,522.7% during the 1st 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 period. Aigen Investment Management LP purchased a new stake in shares of Riskified during the 4th quarter worth about $84,000. Valmark Advisers Inc. purchased a new stake in shares of Riskified during the 2nd quarter worth about $104,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Riskified by 41.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,082 shares of the company’s stock worth $122,000 after acquiring an additional 7,609 shares during the period. Hedge funds and other 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.