Invenomic Capital Management LP Has $4.17 Million Stock Holdings in Riskified Ltd. (NYSE:RSKD)

Invenomic Capital Management LP increased its stake in shares of Riskified Ltd. (NYSE:RSKD - Free Report) by 14.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 880,786 shares of the company's stock after buying an additional 108,266 shares during the quarter. Invenomic Capital Management LP owned about 0.49% of Riskified worth $4,166,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in RSKD. Group One Trading LLC grew its position in Riskified by 4,503.5% in 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 last quarter. Bayesian Capital Management LP bought a new position in shares of Riskified in the fourth quarter worth about $56,000. Cubist Systematic Strategies LLC bought a new stake in shares of Riskified during the 4th quarter valued at approximately $74,000. KLP Kapitalforvaltning AS acquired a new position in Riskified during the 4th quarter worth approximately $89,000. Finally, Teacher Retirement System of Texas lifted its stake in Riskified by 137.0% in the 4th quarter. Teacher Retirement System of Texas now owns 24,346 shares of the company's stock valued at $115,000 after purchasing an additional 14,072 shares during the last quarter. Institutional investors and hedge funds own 58.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group upped their price target on shares of Riskified from $4.00 to $4.50 and gave the stock a "sell" rating in a report on Thursday, March 6th. UBS Group lifted their price target on Riskified from $5.50 to $5.75 and gave the company a "neutral" rating in a research note on Thursday. Piper Sandler reaffirmed an "overweight" rating and issued a $7.00 price objective on shares of Riskified in a research note on Monday, March 17th. JPMorgan Chase & Co. lowered their price objective on Riskified from $7.00 to $6.00 and set a "neutral" rating for the company in a research note on Monday, March 10th. Finally, Keefe, Bruyette & Woods upped their price objective on Riskified from $5.25 to $5.50 and gave the company a "market perform" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $6.03.

Riskified Price Performance

Shares of RSKD traded down $0.32 during trading hours on Thursday, hitting $5.01. 436,088 shares of the stock were exchanged, compared to its average volume of 630,091. Riskified Ltd. has a fifty-two week low of $3.94 and a fifty-two week high of $6.65. The business has a 50-day moving average of $4.58 and a 200-day moving average of $4.82. The firm has a market capitalization of $807.66 million, a P/E ratio of -25.05 and a beta of 1.36.

Riskified 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.