BNP Paribas Financial Markets Acquires New Holdings in Riskified Ltd. (NYSE:RSKD)

BNP Paribas Financial Markets acquired a new position in shares of Riskified Ltd. (NYSE:RSKD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 96,316 shares of the company's stock, valued at approximately $456,000. BNP Paribas Financial Markets owned about 0.05% of Riskified as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. KLP Kapitalforvaltning AS acquired a new position in shares of Riskified in the 4th quarter valued at about $89,000. Teacher Retirement System of Texas lifted its holdings in shares of Riskified by 137.0% during the 4th quarter. Teacher Retirement System of Texas now owns 24,346 shares of the company's stock valued at $115,000 after acquiring an additional 14,072 shares in the last quarter. Y.D. More Investments Ltd lifted its holdings in shares of Riskified by 16.6% during the 4th quarter. Y.D. More Investments Ltd now owns 35,614 shares of the company's stock valued at $168,000 after acquiring an additional 5,081 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Riskified during the 4th quarter valued at $264,000. Finally, Jane Street Group LLC lifted its stake in shares of Riskified by 552.0% during the fourth quarter. Jane Street Group LLC now owns 80,684 shares of the company's stock worth $382,000 after purchasing an additional 68,309 shares in the last quarter. Institutional investors and hedge funds own 58.98% of the company's stock.

Riskified Stock Performance

Shares of NYSE:RSKD traded up $0.06 during midday trading on Friday, reaching $5.06. 80,184 shares of the company's stock were exchanged, compared to its average volume of 599,525. Riskified Ltd. has a 12 month low of $3.94 and a 12 month high of $6.65. The firm has a market capitalization of $814.91 million, a PE ratio of -25.27 and a beta of 1.36. The company's 50 day simple moving average is $4.66 and its two-hundred day simple moving average is $4.85.

Riskified (NYSE:RSKD - Get Free Report) last posted its quarterly earnings results 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 10.72% and a negative return on equity of 6.00%. Riskified's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.04 earnings per share. On average, research analysts anticipate that Riskified Ltd. will post -0.15 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on RSKD shares. UBS Group boosted their price objective on Riskified from $5.50 to $5.75 and gave the stock a "neutral" rating in a research note on Thursday, May 15th. Keefe, Bruyette & Woods boosted their target price on shares of Riskified from $5.25 to $5.50 and gave the stock a "market perform" rating in a research report on Thursday, May 15th. The Goldman Sachs Group boosted their target price on shares of Riskified from $4.00 to $4.50 and gave the stock a "sell" rating in a research report on Thursday, March 6th. DA Davidson boosted their price target on Riskified from $6.00 to $6.50 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $7.00 target price on shares of Riskified in a research report on Monday, March 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $6.03.

Riskified 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.