Riskified Ltd. (NYSE:RSKD) Short Interest Update

Key Points

• Short interest in Riskified Ltd. (NYSE:RSKD) increased by 30.8% in August, with a total of 1,700,000 shares shorted, bringing the days-to-cover ratio to 2.8 days.
• Strong activity from institutional investors included TFJ Management and Alta Fox Capital purchasing significant stakes, with institutional ownership now at 58.98% of the company's stock.
• Despite a revenue increase to $81.06 million, Riskified reported a loss of ($0.07) earnings per share, missing analysts' expectations, and recorded a negative net margin of 11.70%.

Riskified Ltd. (NYSE:RSKD - Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,700,000 shares, a growth of 30.8% from the August 15th total of 1,300,000 shares. Based on an average daily volume of 617,000 shares, the days-to-cover ratio is currently 2.8 days. Approximately 1.9% of the company's shares are sold short. Approximately 1.9% of the company's shares are sold short. Based on an average daily volume of 617,000 shares, the days-to-cover ratio is currently 2.8 days.

Riskified Trading Up 0.6%

Shares of RSKD stock traded up $0.03 during trading hours on Friday, reaching $4.76. The company's stock had a trading volume of 1,511,469 shares, compared to its average volume of 611,076. The firm's 50 day simple moving average is $4.91 and its 200-day simple moving average is $4.83. Riskified has a fifty-two week low of $3.94 and a fifty-two week high of $5.99.

Riskified (NYSE:RSKD - Get Free Report) last posted its quarterly earnings results on Monday, August 18th. The company reported ($0.07) EPS 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 company had revenue of $81.06 million during the quarter, compared to the consensus estimate of $80.17 million. During the same period in the previous year, the business earned $0.04 earnings per share. Riskified's revenue was up 3.0% on a year-over-year basis. Riskified has set its FY 2025 guidance at EPS. Equities analysts predict that Riskified will post -0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in shares of Riskified during the second quarter worth approximately $36,000. Lazard Asset Management LLC purchased a new position in Riskified in the fourth quarter valued at $38,000. Group One Trading LLC increased its stake 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 worth $41,000 after purchasing an additional 8,917 shares in the last quarter. Orion Porfolio Solutions LLC purchased a new stake in Riskified during the 2nd quarter valued at about $54,000. Finally, Invesco Ltd. acquired a new position in Riskified in the 1st quarter valued at about $51,000. Institutional investors own 58.98% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. DA Davidson lowered their price objective on shares of Riskified from $6.50 to $6.00 and set a "buy" rating on the stock in a research report on Tuesday, August 19th. Piper Sandler dropped their target price on Riskified from $7.00 to $6.00 and set an "overweight" rating on the stock in a research report on Monday, August 18th. Keefe, Bruyette & Woods decreased their target price on Riskified from $5.50 to $5.25 and set a "market perform" rating for the company in a research note on Tuesday, August 19th. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Riskified in a research note on Wednesday, August 20th. Finally, UBS Group decreased their price objective on Riskified from $5.75 to $5.00 and set a "neutral" rating on the stock in a report on Tuesday, August 19th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $5.82.

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.