Alta Fox Capital Management LLC Takes $3.50 Million Position in Riskified Ltd. $RSKD

Key Points

• Alta Fox Capital Management LLC has acquired a new position in Riskified Ltd., purchasing 757,044 shares valued at approximately $3.50 million, making it the firm's 13th largest holding.
• Several other institutional investors have also increased their stakes in Riskified, with hedge funds collectively owning 58.98% of the company's stock.
• Analysts have set a consensus target price of $5.82 for Riskified, with ratings ranging from "Buy" to "Sell" from various research firms.

Alta Fox Capital Management LLC acquired a new position in Riskified Ltd. (NYSE:RSKD - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 757,044 shares of the company's stock, valued at approximately $3,498,000. Riskified makes up 1.4% of Alta Fox Capital Management LLC's investment portfolio, making the stock its 13th largest position. Alta Fox Capital Management LLC owned 0.47% of Riskified at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of RSKD. BNP Paribas Financial Markets purchased a new stake in shares of Riskified in the fourth quarter worth $456,000. Jane Street Group LLC grew its stake in Riskified by 552.0% during the fourth quarter. Jane Street Group LLC now owns 80,684 shares of the company's stock valued at $382,000 after acquiring an additional 68,309 shares in the last quarter. Two Sigma Investments LP grew its stake in Riskified by 61.5% during the fourth quarter. Two Sigma Investments LP now owns 25,490 shares of the company's stock valued at $121,000 after acquiring an additional 9,711 shares in the last quarter. Millennium Management LLC grew its stake in Riskified by 171.0% during the fourth quarter. Millennium Management LLC now owns 766,977 shares of the company's stock valued at $3,628,000 after acquiring an additional 483,975 shares in the last quarter. Finally, Two Sigma Advisers LP purchased a new position in Riskified during the fourth quarter valued at $140,000. Institutional investors own 58.98% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. DA Davidson decreased their target price on Riskified from $6.50 to $6.00 and set a "buy" rating on the stock in a research report on Tuesday, August 19th. Keefe, Bruyette & Woods decreased their target price on Riskified from $5.50 to $5.25 and set a "market perform" rating on the stock in a research report on Tuesday, August 19th. Truist Financial boosted their target price on Riskified from $7.00 to $8.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Piper Sandler dropped their price objective on shares of Riskified from $7.00 to $6.00 and set an "overweight" rating for the company in a research note on Monday, August 18th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating on shares of Riskified in a research note on Wednesday, August 20th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $5.82.

Riskified Trading Up 1.2%

Shares of NYSE RSKD traded up $0.06 during midday trading on Friday, hitting $4.63. The company's stock had a trading volume of 290,635 shares, compared to its average volume of 938,903. The business's 50 day moving average is $5.01 and its two-hundred day moving average is $4.87. Riskified Ltd. has a 12-month low of $3.94 and a 12-month high of $5.99. The firm has a market cap of $745.59 million, a P/E ratio of -19.27 and a beta of 1.36.

Riskified (NYSE:RSKD - Get Free Report) last released its quarterly earnings data on Monday, August 18th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.09). The company 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%. Riskified's quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm earned $0.04 earnings per share. Riskified has set its FY 2025 guidance at EPS. On average, analysts predict that Riskified Ltd. will post -0.15 earnings per share for the current fiscal year.

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.