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 target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,700,000 shares, an increase of 30.8% from the August 15th total of 1,300,000 shares. Approximately 1.9% of the company's shares are short sold. Based on an average daily volume of 617,000 shares, the days-to-cover ratio is presently 2.8 days. Based on an average daily volume of 617,000 shares, the days-to-cover ratio is presently 2.8 days. Approximately 1.9% of the company's shares are short sold.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. TFJ Management LLC acquired a new stake in Riskified during the 1st quarter valued at approximately $3,615,000. Alta Fox Capital Management LLC purchased a new stake in shares of Riskified during the first quarter worth approximately $3,498,000. Clearline Capital LP increased its stake in shares of Riskified by 37.3% during the first quarter. Clearline Capital LP now owns 2,453,506 shares of the company's stock worth $11,335,000 after buying an additional 666,175 shares during the period. 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 during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Riskified in the second quarter valued at approximately $1,453,000. 58.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RSKD. UBS Group reduced 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. DA Davidson cut their price objective on Riskified from $6.50 to $6.00 and set a "buy" rating for the company in a research report on Tuesday, August 19th. Piper Sandler decreased their price target on Riskified from $7.00 to $6.00 and set an "overweight" rating on the stock in a research note on Monday, August 18th. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Riskified in a report on Wednesday, August 20th. Finally, Keefe, Bruyette & Woods reduced their price target on 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 assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $5.82.

Riskified Stock Up 0.6%

RSKD traded up $0.03 on Friday, hitting $4.76. The company's stock had a trading volume of 1,511,469 shares, compared to its average volume of 568,112. The company's 50 day simple moving average is $4.91 and its 200-day simple moving average is $4.83. Riskified has a 12 month low of $3.94 and a 12 month high of $5.99. The firm has a market cap of $767.36 million, a P/E ratio of -19.83 and a beta of 1.36.

Riskified (NYSE:RSKD - Get Free Report) last posted its quarterly earnings data on Monday, August 18th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate 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 analysts' expectations of $80.17 million. During the same quarter last year, the business posted $0.04 EPS. The business's quarterly revenue was up 3.0% compared to the same quarter last year. Riskified has set its FY 2025 guidance at EPS. Equities analysts predict that Riskified 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.