Penn Capital Management Company LLC Takes Position in Riskified Ltd. $RSKD

Key Points

• Penn Capital Management Company LLC invested approximately $1.01 million in Riskified Ltd. during the first quarter, acquiring 217,795 shares, which represents 0.14% of the company's stock.
• Several analysts adjusted their ratings for Riskified, with the stock receiving a consensus rating of "Hold" and an average price target of $5.82.
• Riskified reported a loss per share of $0.07 in its latest earnings, missing analyst expectations, though revenue increased by 3.0% year-over-year to $81.06 million.

Penn Capital Management Company LLC acquired a new position in Riskified Ltd. (NYSE:RSKD - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 217,795 shares of the company's stock, valued at approximately $1,006,000. Penn Capital Management Company LLC owned approximately 0.14% of Riskified as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. TFJ Management LLC purchased a new position in shares of Riskified in the 1st quarter worth $3,615,000. Russell Investments Group Ltd. grew its stake in shares of Riskified by 81.9% in the 1st quarter. Russell Investments Group Ltd. now owns 81,037 shares of the company's stock worth $374,000 after buying an additional 36,478 shares in the last quarter. Nuveen LLC purchased a new position in shares of Riskified in the 1st quarter worth $362,000. Invesco Ltd. bought a new stake in shares of Riskified in the 1st quarter worth about $51,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Riskified by 24.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 410,570 shares of the company's stock worth $1,897,000 after acquiring an additional 80,725 shares during the last quarter. 58.98% of the stock is owned by hedge funds and other institutional investors.

Riskified Stock Up 2.7%

RSKD traded up $0.13 on Thursday, reaching $4.78. 646,970 shares of the company traded hands, compared to its average volume of 555,411. Riskified Ltd. has a one year low of $3.94 and a one year high of $5.99. The firm has a fifty day simple moving average of $5.05 and a two-hundred day simple moving average of $4.93. The company has a market cap of $769.78 million, a P/E ratio of -19.90 and a beta of 1.37.

Riskified (NYSE:RSKD - Get Free Report) last announced its quarterly earnings data 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 net margin of 11.70% and a negative return on equity of 8.27%. The company had revenue of $81.06 million for the quarter, compared to the consensus estimate of $80.17 million. During the same quarter in the previous year, the business earned $0.04 EPS. The company's quarterly revenue was up 3.0% compared to the same quarter last year. Riskified has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Riskified Ltd. will post -0.15 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on RSKD. Truist Financial raised their target price on shares of Riskified from $7.00 to $8.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. DA Davidson lowered their target price on shares of 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 target price on shares of Riskified from $5.75 to $5.00 and set a "neutral" rating for the company in a report on Tuesday, August 19th. JPMorgan Chase & Co. restated an "underweight" rating on shares of Riskified in a report on Wednesday, August 20th. Finally, Keefe, Bruyette & Woods lowered their target price 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. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Riskified currently has a consensus rating of "Hold" and an average price target of $5.82.

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.