Clearline Capital LP Acquires 666,175 Shares of Riskified Ltd. $RSKD

Key Points

• Clearline Capital LP increased its stake in Riskified Ltd. by 37.3% in the first quarter, now owning approximately 1.52% of the company, valued at $11.33 million.
• Brokerage ratings for Riskified have varied, with DA Davidson lowering its target price from $6.50 to $6.00, while Truist Financial raised it from $7.00 to $8.00, indicating a mixed outlook.
• Riskified reported a quarterly earnings miss with an EPS of (0.07), while revenue was $81.06 million, showing a 3.0% increase compared to the same quarter last year.

Clearline Capital LP grew its holdings in Riskified Ltd. (NYSE:RSKD - Free Report) by 37.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,453,506 shares of the company's stock after acquiring an additional 666,175 shares during the period. Clearline Capital LP owned 1.52% of Riskified worth $11,335,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Northern Trust Corp acquired a new position in Riskified during the 4th quarter valued at $655,000. Jane Street Group LLC grew its holdings in shares of Riskified by 552.0% in the 4th 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 during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Riskified in the 4th quarter worth about $456,000. Balyasny Asset Management L.P. grew its holdings in shares of Riskified by 48.3% in the 4th quarter. Balyasny Asset Management L.P. now owns 54,083 shares of the company's stock worth $256,000 after purchasing an additional 17,626 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Riskified during the 4th quarter worth about $74,000. Institutional investors and hedge funds own 58.98% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on RSKD shares. UBS Group reduced their target price on shares of Riskified from $5.75 to $5.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 19th. Keefe, Bruyette & Woods cut their price target on shares of Riskified from $5.50 to $5.25 and set a "market perform" rating on the stock in a research report on Tuesday, August 19th. JPMorgan Chase & Co. restated an "underweight" rating on shares of Riskified in a report on Wednesday, August 20th. Truist Financial raised their price target on shares of Riskified from $7.00 to $8.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Finally, Piper Sandler decreased their price target 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. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $5.82.

Riskified Trading Down 1.3%

NYSE RSKD traded down $0.06 during trading on Friday, hitting $4.61. 337,316 shares of the company's stock were exchanged, compared to its average volume of 550,667. The company has a market cap of $743.18 million, a PE ratio of -19.21 and a beta of 1.36. The stock's 50 day moving average price is $4.97 and its two-hundred day moving average price is $4.85. Riskified Ltd. has a fifty-two week low of $3.94 and a fifty-two week high of $5.99.

Riskified (NYSE:RSKD - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $81.06 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm posted $0.04 earnings per share. Riskified has set its FY 2025 guidance at EPS. Analysts forecast that Riskified Ltd. will post -0.15 earnings per share for the current fiscal year.

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.