TFJ Management LLC Acquires Shares of 782,459 Riskified Ltd. $RSKD

Key Points

• TFJ Management LLC acquired 782,459 shares of Riskified Ltd. (NYSE:RSKD) for approximately $3.6 million, making it the fund's 11th largest holding.
• Riskified reported an earnings per share (EPS) of $0.03, surpassing analyst expectations and showing a 7.9% year-over-year revenue increase to $82.39 million.
• Analysts have raised their price targets for Riskified, with Truist Financial setting a new target of $8.00 and most analysts currently rating the stock as a "Hold."

TFJ Management LLC acquired a new stake in Riskified Ltd. (NYSE:RSKD - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 782,459 shares of the company's stock, valued at approximately $3,615,000. Riskified accounts for 3.4% of TFJ Management LLC's investment portfolio, making the stock its 11th largest position. TFJ Management LLC owned 0.49% of Riskified as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Lazard Asset Management LLC purchased a new stake in Riskified during the fourth quarter valued at about $38,000. Group One Trading LLC grew its position in 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 acquiring an additional 8,917 shares during the period. Invesco Ltd. purchased a new stake in Riskified during the first quarter valued at about $51,000. Bayesian Capital Management LP purchased a new stake in Riskified during the fourth quarter valued at about $56,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Riskified during the fourth quarter worth about $74,000. Hedge funds and other institutional investors own 58.98% of the company's stock.

Analyst Upgrades and Downgrades

RSKD has been the topic of a number of recent research reports. Piper Sandler reduced their price objective on Riskified from $7.00 to $6.00 and set an "overweight" rating on the stock in a research note on Monday. Truist Financial boosted their price objective on Riskified from $7.00 to $8.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. DA Davidson boosted their price objective on Riskified from $6.00 to $6.50 and gave the stock a "buy" rating in a research note on Thursday, May 15th. UBS Group boosted their price objective on Riskified from $5.50 to $5.75 and gave the stock a "neutral" rating in a research note on Thursday, May 15th. Finally, Keefe, Bruyette & Woods boosted their price objective on Riskified from $5.25 to $5.50 and gave the stock a "market perform" rating in a research note on Thursday, May 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Riskified has an average rating of "Hold" and a consensus price target of $6.04.

Riskified Stock Performance

Shares of NYSE:RSKD traded down $0.84 during trading on Monday, hitting $4.43. The company's stock had a trading volume of 2,845,432 shares, compared to its average volume of 439,174. Riskified Ltd. has a fifty-two week low of $3.94 and a fifty-two week high of $5.99. The stock's 50-day moving average price is $5.11 and its two-hundred day moving average price is $4.96. The company has a market capitalization of $713.35 million, a PE ratio of -20.11 and a beta of 1.37.

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 return on equity of 7.42% and a negative net margin of 11.15%. 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 firm posted $0.04 EPS. The company's revenue was up 3.0% compared to the same quarter last year. On average, equities analysts predict that Riskified Ltd. will post -0.15 earnings per share 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.