Nuveen LLC Invests $362,000 in Riskified Ltd. $RSKD

Key Points

• Nuveen LLC has acquired a new stake in Riskified Ltd. (NYSE: RSKD), purchasing 78,369 shares valued at approximately $362,000 in the first quarter of the year.
• Riskified recently faced mixed analyst ratings, with Piper Sandler reducing their target price from $7.00 to $6.00, while Truist Financial raised their target from $7.00 to $8.00.
• The company's latest earnings report showed a loss of $0.07 EPS, missing estimates of $0.02, despite a 3% year-over-year revenue increase to $81.06 million.

Nuveen LLC bought a new stake in shares of Riskified Ltd. (NYSE:RSKD - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 78,369 shares of the company's stock, valued at approximately $362,000.

Other institutional investors also recently made changes to their positions in the company. Lazard Asset Management LLC bought a new position in shares of Riskified during the fourth quarter valued at approximately $38,000. Group One Trading LLC grew its holdings in shares of Riskified by 4,503.5% during the fourth quarter. Group One Trading LLC now owns 8,719 shares of the company's stock valued at $41,000 after purchasing an additional 8,917 shares during the last quarter. Invesco Ltd. bought a new position in shares of Riskified during the first quarter valued at approximately $51,000. Bayesian Capital Management LP bought a new position in shares of Riskified during the fourth quarter valued at approximately $56,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Riskified during the fourth quarter valued at approximately $74,000. 58.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RSKD has been the subject of several recent research reports. Piper Sandler lowered their target price on Riskified from $7.00 to $6.00 and set an "overweight" rating for the company in a report on Monday, August 18th. Truist Financial boosted their price objective on Riskified from $7.00 to $8.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. DA Davidson reduced their price objective on Riskified from $6.50 to $6.00 and set a "buy" rating for the company in a research report on Tuesday, August 19th. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Riskified in a research report on Wednesday, August 20th. Finally, Keefe, Bruyette & Woods reduced 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 research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $5.82.

Riskified Price Performance

RSKD opened at $4.63 on Friday. The company has a market capitalization of $745.60 million, a price-to-earnings ratio of -19.27 and a beta of 1.36. Riskified Ltd. has a 1-year low of $3.94 and a 1-year high of $5.99. The business has a 50 day moving average price of $5.01 and a two-hundred day moving average price of $4.87.

Riskified (NYSE:RSKD - Get Free Report) last released its earnings results on Monday, August 18th. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.09). Riskified had a negative return on equity of 8.27% and a negative net margin of 11.70%.The firm 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 earned $0.04 earnings per share. The business's revenue for the quarter was up 3.0% on a year-over-year basis. Riskified has set its FY 2025 guidance at EPS. Equities analysts expect that Riskified Ltd. will post -0.15 EPS 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.

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