Riskified Ltd. $RSKD Shares Purchased by Clearline Capital LP

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

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

Wall Street Analyst Weigh In

RSKD has been the subject of a number of analyst reports. Piper Sandler cut their price target on Riskified from $7.00 to $6.00 and set an "overweight" rating for the company in a report on Monday, August 18th. DA Davidson cut their price target on Riskified from $6.50 to $6.00 and set a "buy" rating for the company in a report on Tuesday, August 19th. UBS Group lowered their price objective on Riskified from $5.75 to $5.00 and set a "neutral" rating for the company in a research report on Tuesday, August 19th. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Riskified in a research report on Wednesday, August 20th. Finally, Keefe, Bruyette & Woods lowered their price objective on Riskified from $5.50 to $5.25 and set a "market perform" rating for the company in a research report on Tuesday, August 19th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $5.82.

Riskified Stock Down 1.3%

Shares of NYSE RSKD traded down $0.06 on Friday, hitting $4.61. The company had a trading volume of 337,421 shares, compared to its average volume of 946,189. Riskified Ltd. has a 12-month low of $3.94 and a 12-month high of $5.99. The business has a 50 day moving average of $4.96 and a two-hundred day moving average of $4.85. The firm has a market capitalization of $743.18 million, a P/E ratio of -19.21 and a beta of 1.36.

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

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.