Cubist Systematic Strategies LLC Increases Position in Riskified Ltd. $RSKD

Key Points

• Cubist Systematic Strategies LLC significantly increased its stake in Riskified Ltd. by 767.7% during the first quarter, holding 136,287 shares valued at approximately $630,000.
• Several other institutional investors, including BNP Paribas and Jane Street Group LLC, also made notable investments in Riskified, highlighting a growing interest from the hedge fund community as a combined 58.98% of the stock is now held by institutions.
• Analysts have mixed views on Riskified, with a consensus rating of "Hold" and a target price averaging $5.82, while the company reported a (0.07) EPS for the latest quarter that missed expectations.

Cubist Systematic Strategies LLC lifted its holdings in Riskified Ltd. (NYSE:RSKD - Free Report) by 767.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 136,287 shares of the company's stock after acquiring an additional 120,581 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.08% of Riskified worth $630,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in RSKD. Lazard Asset Management LLC bought a new position in shares of Riskified in the 4th quarter worth about $38,000. Group One Trading LLC raised its position in shares of Riskified by 4,503.5% in the 4th quarter. Group One Trading LLC now owns 8,719 shares of the company's stock worth $41,000 after acquiring an additional 8,917 shares in the last quarter. Invesco Ltd. bought a new position in shares of Riskified in the 1st quarter worth about $51,000. FNY Investment Advisers LLC bought a new position in shares of Riskified in the 1st quarter worth about $80,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Riskified in the 4th quarter worth about $88,000. 58.98% of the stock is owned by institutional investors.

Riskified Stock Performance

RSKD traded down $0.03 during midday trading on Monday, reaching $4.57. 940,020 shares of the company were exchanged, compared to its average volume of 938,498. The company's fifty day moving average price is $4.95 and its 200 day moving average price is $4.84. The company has a market cap of $736.73 million, a price-to-earnings ratio of -19.04 and a beta of 1.36. Riskified Ltd. has a one year low of $3.94 and a one year high of $5.99.

Riskified (NYSE:RSKD - Get Free Report) last issued its quarterly earnings data on Monday, August 18th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.09). The company had revenue of $81.06 million for the quarter, compared to the consensus estimate of $80.17 million. Riskified had a negative return on equity of 8.27% and a negative net margin of 11.70%.The business's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.04 earnings per share. Riskified has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Riskified Ltd. will post -0.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. 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. Keefe, Bruyette & Woods decreased their target price 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. Piper Sandler decreased their target price on Riskified from $7.00 to $6.00 and set an "overweight" rating for the company in a research report on Monday, August 18th. DA Davidson decreased their target price on Riskified from $6.50 to $6.00 and set a "buy" rating for the company in a research report on Tuesday, August 19th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Riskified in a research report 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 stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $5.82.

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.