Invenomic Capital Management LP Trims Position in Riskified Ltd. $RSKD

Key Points

• Invenomic Capital Management LP reduced its stake in Riskified Ltd. by 19.9%, owning 705,774 shares valued at approximately $3.26 million after selling 175,012 shares in the 1st quarter.
• Riskified's stock opened at $4.63 and has a market capitalization of $745.6 million, with a negative EPS of ($0.07) reported for the last quarter.
• Wall Street analysts have varied ratings on Riskified, with a consensus of "Hold" and an average price target of $5.82.

Invenomic Capital Management LP decreased its holdings in shares of Riskified Ltd. (NYSE:RSKD - Free Report) by 19.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 705,774 shares of the company's stock after selling 175,012 shares during the quarter. Invenomic Capital Management LP owned approximately 0.44% of Riskified worth $3,261,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Lazard Asset Management LLC acquired a new stake in Riskified in the 4th quarter worth $38,000. Group One Trading LLC lifted its holdings in shares of Riskified by 4,503.5% during 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 during the period. Two Sigma Investments LP lifted its holdings in shares of Riskified by 61.5% during the 4th 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 period. Invesco Ltd. bought a new position in shares of Riskified during the 1st quarter worth about $51,000. Finally, Bayesian Capital Management LP bought a new position in shares of Riskified during the 4th quarter worth about $56,000. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on RSKD shares. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Riskified in a report on Wednesday, August 20th. Keefe, Bruyette & Woods decreased their price objective on shares of Riskified from $5.50 to $5.25 and set a "market perform" rating for the company in a report on Tuesday, August 19th. Truist Financial lifted their price target on shares of Riskified from $7.00 to $8.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. UBS Group cut their price target 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. Finally, Piper Sandler cut their price objective on shares of Riskified from $7.00 to $6.00 and set an "overweight" rating on the stock in a research report on Monday, August 18th. Three investment 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. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $5.82.

Riskified Stock Performance

Shares of RSKD stock traded up $0.08 on Thursday, hitting $4.64. The company's stock had a trading volume of 118,862 shares, compared to its average volume of 551,358. The stock's 50 day moving average is $4.99 and its 200-day moving average is $4.85. Riskified Ltd. has a fifty-two week low of $3.94 and a fifty-two week high of $5.99. The company has a market capitalization of $747.85 million, a PE ratio of -19.31 and a beta of 1.36.

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