Riskified (NYSE:RSKD) Shares Up 2.7% – Time to Buy?

Shares of Riskified Ltd. (NYSE:RSKD) rose 2.7% on Tuesday . The company traded as high as $4.50 and last traded at $4.4350. Approximately 564,651 shares traded hands during trading, a decline of 3% from the average daily volume of 579,628 shares. The stock had previously closed at $4.32.

Analysts Set New Price Targets

A number of research firms have commented on RSKD. UBS Group increased their price objective on shares of Riskified from $5.00 to $5.50 and gave the company a “neutral” rating in a research note on Thursday, November 13th. JPMorgan Chase & Co. raised shares of Riskified from an “underweight” rating to a “neutral” rating and set a $6.00 price target on the stock in a research report on Friday, November 14th. DA Davidson reissued a “buy” rating and issued a $6.00 price objective on shares of Riskified in a report on Thursday, November 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Riskified in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded Riskified from a “hold” rating to a “buy” rating in a research report on Sunday, November 16th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $5.89.

Riskified Stock Up 2.7%

The company has a market capitalization of $714.96 million, a price-to-earnings ratio of -19.28 and a beta of 1.34. The stock has a 50 day simple moving average of $4.65 and a 200 day simple moving average of $4.72.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd increased its position in Riskified by 60.3% in the fourth quarter. XTX Topco Ltd now owns 79,565 shares of the company’s stock worth $395,000 after buying an additional 29,920 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in shares of Riskified during the fourth quarter worth about $535,000. Millennium Management LLC increased its holdings in shares of Riskified by 335.3% in the 4th quarter. Millennium Management LLC now owns 795,441 shares of the company’s stock worth $3,953,000 after acquiring an additional 612,719 shares during the period. Man Group plc bought a new stake in Riskified in the 4th quarter valued at about $50,000. Finally, 9823 Capital L.P. acquired a new position in Riskified during the 4th quarter valued at about $182,000. 58.98% of the stock is currently owned by institutional investors.

About Riskified

Riskified is a technology company specializing in e-commerce fraud prevention and revenue optimization for online merchants. Its platform combines machine learning, behavioral analytics and proprietary risk models to assess the legitimacy of transactions in real time. By offering a chargeback guarantee, Riskified assumes the financial liability for approved orders that later turn out to be fraudulent, allowing retailers to focus on growth rather than dispute management.

The company’s core product suite addresses various aspects of the online shopping lifecycle, including order approval, account takeover protection and policy compliance.