Allspring Global Investments Holdings LLC cut its holdings in shares of Riskified Ltd. (NYSE:RSKD - Free Report) by 5.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 938,747 shares of the company's stock after selling 55,275 shares during the period. Allspring Global Investments Holdings LLC owned 0.58% of Riskified worth $4,337,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Riskified by 5.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 329,845 shares of the company's stock valued at $1,560,000 after buying an additional 16,702 shares during the last quarter. Monimus Capital Management LP purchased a new stake in shares of Riskified during the fourth quarter valued at $3,428,000. Teacher Retirement System of Texas grew its holdings in shares of Riskified by 137.0% during the fourth quarter. Teacher Retirement System of Texas now owns 24,346 shares of the company's stock valued at $115,000 after buying an additional 14,072 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Riskified by 89.7% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 83,369 shares of the company's stock valued at $394,000 after buying an additional 39,412 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Riskified by 16.2% during the fourth quarter. Sei Investments Co. now owns 94,545 shares of the company's stock valued at $447,000 after buying an additional 13,171 shares during the last quarter. 58.98% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the stock. Piper Sandler reissued an "overweight" rating and set a $7.00 price objective on shares of Riskified in a report on Monday, March 17th. DA Davidson boosted their price objective on shares of Riskified from $6.00 to $6.50 and gave the company a "buy" rating in a report on Thursday, May 15th. Keefe, Bruyette & Woods boosted their target price on shares of Riskified from $5.25 to $5.50 and gave the company a "market perform" rating in a research report on Thursday, May 15th. Truist Financial boosted their target price on shares of Riskified from $7.00 to $8.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Finally, UBS Group boosted their target price on shares of Riskified from $5.50 to $5.75 and gave the company a "neutral" rating in a research report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Riskified has an average rating of "Hold" and a consensus target price of $6.03.
Get Our Latest Report on Riskified
Riskified Stock Performance
NYSE RSKD traded down $0.04 on Thursday, reaching $5.19. 341,073 shares of the company's stock traded hands, compared to its average volume of 576,063. The stock has a 50 day moving average price of $4.97 and a 200-day moving average price of $4.91. The firm has a market cap of $836.68 million, a price-to-earnings ratio of -23.59 and a beta of 1.36. Riskified Ltd. has a fifty-two week low of $3.94 and a fifty-two week high of $6.56.
Riskified (NYSE:RSKD - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.02. The business had revenue of $82.39 million during the quarter, compared to the consensus estimate of $79.23 million. Riskified had a negative net margin of 11.15% and a negative return on equity of 7.42%. The company's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.04 earnings per share. As a group, equities research analysts anticipate that Riskified Ltd. will post -0.15 EPS for the current fiscal year.
Riskified Profile
(
Free Report)
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.
Read More
Before you consider Riskified, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Riskified wasn't on the list.
While Riskified currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
