Phoenix Financial Ltd. trimmed its holdings in shares of Riskified Ltd. (NYSE:RSKD - Free Report) by 4.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,066,562 shares of the company's stock after selling 380,000 shares during the period. Phoenix Financial Ltd. owned 5.00% of Riskified worth $37,268,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Renaissance Technologies LLC increased its stake in Riskified by 2.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,181,400 shares of the company's stock valued at $5,588,000 after purchasing an additional 26,200 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Riskified by 5.3% in the fourth quarter. JPMorgan Chase & Co. now owns 921,811 shares of the company's stock valued at $4,360,000 after purchasing an additional 46,088 shares in the last quarter. Invenomic Capital Management LP increased its stake in Riskified by 14.0% in the fourth quarter. Invenomic Capital Management LP now owns 880,786 shares of the company's stock valued at $4,166,000 after purchasing an additional 108,266 shares in the last quarter. Millennium Management LLC increased its stake in Riskified by 171.0% in the fourth quarter. Millennium Management LLC now owns 766,977 shares of the company's stock valued at $3,628,000 after purchasing an additional 483,975 shares in the last quarter. Finally, Trexquant Investment LP increased its stake in Riskified by 29.6% in the fourth quarter. Trexquant Investment LP now owns 322,672 shares of the company's stock valued at $1,526,000 after purchasing an additional 73,769 shares in the last quarter. 58.98% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the stock. Truist Financial upped their target price 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. Keefe, Bruyette & Woods upped their target price on shares of Riskified from $5.25 to $5.50 and gave the company a "market perform" rating in a research note on Thursday, May 15th. UBS Group upped their target price on shares of Riskified from $5.50 to $5.75 and gave the company a "neutral" rating in a research note on Thursday, May 15th. Finally, DA Davidson upped their price target on shares of Riskified from $6.00 to $6.50 and gave the company a "buy" rating in a report on Thursday, May 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $6.03.
Read Our Latest Analysis on Riskified
Riskified Price Performance
RSKD stock traded down $0.08 during trading hours on Tuesday, reaching $5.33. The stock had a trading volume of 146,549 shares, compared to its average volume of 503,194. The stock has a market capitalization of $858.44 million, a PE ratio of -24.20 and a beta of 1.36. The stock has a 50-day simple moving average of $5.09 and a 200 day simple moving average of $4.96. Riskified Ltd. has a fifty-two week low of $3.94 and a fifty-two week high of $6.37.
Riskified (NYSE:RSKD - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.02. Riskified had a negative net margin of 11.15% and a negative return on equity of 7.42%. The firm had revenue of $82.39 million during the quarter, compared to analysts' expectations of $79.23 million. During the same quarter last year, the company posted $0.04 earnings per share. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, sell-side analysts forecast that Riskified Ltd. will post -0.15 EPS for the current fiscal year.
About Riskified
(
Free Report)
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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