Allspring Global Investments Holdings LLC Has $4.34 Million Position in Riskified Ltd. (NYSE:RSKD)

Allspring Global Investments Holdings LLC trimmed 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 Form 13F filing with the SEC. The firm owned 938,747 shares of the company's stock after selling 55,275 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.58% of Riskified worth $4,337,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of RSKD. Lazard Asset Management LLC acquired a new stake in Riskified during the fourth quarter worth about $38,000. Group One Trading LLC grew its stake in Riskified by 4,503.5% during the fourth quarter. Group One Trading LLC now owns 8,719 shares of the company's stock worth $41,000 after buying an additional 8,917 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Riskified in the 4th quarter valued at approximately $56,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Riskified in the 4th quarter valued at approximately $74,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Riskified in the 1st quarter valued at approximately $80,000. 58.98% of the stock is owned by institutional investors.

Riskified Stock Down 3.4%

Riskified stock traded down $0.18 during mid-day trading on Monday, hitting $5.14. 298,525 shares of the stock were exchanged, compared to its average volume of 578,243. Riskified Ltd. has a 12 month low of $3.94 and a 12 month high of $6.62. The firm's fifty day simple moving average is $4.94 and its two-hundred day simple moving average is $4.90. The stock has a market capitalization of $828.61 million, a price-to-earnings ratio of -23.36 and a beta of 1.36.

Riskified (NYSE:RSKD - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.02. The business had revenue of $82.39 million for the quarter, compared to analysts' expectations of $79.23 million. Riskified had a negative net margin of 11.15% and a negative return on equity of 7.42%. The business's quarterly 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, analysts forecast that Riskified Ltd. will post -0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Riskified from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Monday, March 10th. Keefe, Bruyette & Woods raised their price target on shares of Riskified from $5.25 to $5.50 and gave the company a "market perform" rating in a research note on Thursday, May 15th. Piper Sandler restated an "overweight" rating and issued a $7.00 price target on shares of Riskified in a research note on Monday, March 17th. UBS Group raised their price target on shares of Riskified from $5.50 to $5.75 and gave the company a "neutral" rating in a research note on Thursday, May 15th. Finally, Truist Financial raised their price objective on shares of Riskified from $7.00 to $8.00 and gave the company a "buy" rating in a report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Riskified presently has an average rating of "Hold" and an average target price of $6.03.

About Riskified

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.