Allspring Global Investments Holdings LLC Boosts Stake in Riskified Ltd. $RSKD

Key Points

• Allspring Global Investments Holdings LLC has increased its stake in Riskified Ltd. by 17.7%, holding approximately 1,104,694 shares valued at $5.5 million following a purchase of 165,947 shares.
• Riskified reported a loss of $0.07 per share for the last quarter, missing analysts' expectations, despite achieving revenue of $81.06 million which exceeded forecasts.
• A recent rating upgrade from Wall Street Zen has put Riskified in a buy position, although multiple analysts have assigned mixed ratings, with a consensus price target of $5.82.

Allspring Global Investments Holdings LLC boosted its stake in Riskified Ltd. (NYSE:RSKD - Free Report) by 17.7% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,104,694 shares of the company's stock after buying an additional 165,947 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.69% of Riskified worth $5,512,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its stake in Riskified by 21.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 110,012 shares of the company's stock valued at $508,000 after buying an additional 19,642 shares in the last quarter. Clearline Capital LP lifted its stake in Riskified by 37.3% in the 1st quarter. Clearline Capital LP now owns 2,453,506 shares of the company's stock valued at $11,335,000 after buying an additional 666,175 shares in the last quarter. Nuveen LLC acquired a new position in Riskified in the 1st quarter valued at $362,000. Trexquant Investment LP raised its holdings in Riskified by 4.3% in the 1st quarter. Trexquant Investment LP now owns 336,666 shares of the company's stock valued at $1,555,000 after acquiring an additional 13,994 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in Riskified by 61.3% in the 1st quarter. Teacher Retirement System of Texas now owns 39,280 shares of the company's stock valued at $181,000 after acquiring an additional 14,934 shares during the last quarter. Hedge funds and other institutional investors own 58.98% of the company's stock.

Riskified Price Performance

NYSE:RSKD opened at $4.70 on Tuesday. The firm has a 50-day moving average of $4.68 and a two-hundred day moving average of $4.83. The stock has a market cap of $756.88 million, a P/E ratio of -19.56 and a beta of 1.35. Riskified Ltd. has a 1-year low of $3.94 and a 1-year high of $5.99.

Riskified (NYSE:RSKD - Get Free Report) last posted its quarterly earnings data on Monday, August 18th. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.09). The firm had revenue of $81.06 million during the quarter, compared to analysts' expectations of $80.17 million. Riskified had a negative net margin of 11.70% and a negative return on equity of 8.27%. The business's quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.04 earnings per share. Riskified has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Riskified Ltd. will post -0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RSKD. Wall Street Zen upgraded Riskified from a "hold" rating to a "buy" rating in a report on Friday, October 3rd. DA Davidson dropped their price objective on Riskified from $6.50 to $6.00 and set a "buy" rating for the company in a report on Tuesday, August 19th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Riskified in a report on Wednesday, October 8th. Piper Sandler lowered their price target on Riskified from $7.00 to $6.00 and set an "overweight" rating for the company in a report on Monday, August 18th. Finally, Keefe, Bruyette & Woods lowered their price target on Riskified from $5.50 to $5.25 and set a "market perform" rating for the company in a report on Tuesday, August 19th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $5.82.

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.

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