Riskified Ltd. (NYSE:RSKD) is 272 Capital LP’s 5th Largest Position

272 Capital LP lessened its holdings in Riskified Ltd. (NYSE:RSKD) by 46.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,253,094 shares of the company’s stock after selling 1,079,449 shares during the quarter. Riskified makes up 4.0% of 272 Capital LP’s holdings, making the stock its 5th largest holding. 272 Capital LP owned about 0.70% of Riskified worth $8,007,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Rubric Capital Management LP boosted its holdings in shares of Riskified by 159.2% in the fourth quarter. Rubric Capital Management LP now owns 4,173,636 shares of the company’s stock valued at $19,533,000 after purchasing an additional 2,563,384 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Riskified by 199.4% in the 2nd quarter. Acadian Asset Management LLC now owns 2,632,439 shares of the company’s stock worth $16,803,000 after buying an additional 1,753,260 shares during the period. Invenomic Capital Management LP bought a new position in shares of Riskified during the 4th quarter worth $2,753,000. Capital World Investors increased its stake in shares of Riskified by 6.3% during the fourth quarter. Capital World Investors now owns 9,774,367 shares of the company’s stock valued at $45,744,000 after buying an additional 580,000 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Riskified by 17.2% in the second quarter. Renaissance Technologies LLC now owns 1,118,900 shares of the company’s stock valued at $7,150,000 after acquiring an additional 164,600 shares in the last quarter. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Barclays dropped their target price on shares of Riskified from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Friday, August 16th. JPMorgan Chase & Co. lifted their price objective on shares of Riskified from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. The Goldman Sachs Group lowered their target price on Riskified from $6.00 to $4.50 and set a “sell” rating for the company in a report on Thursday, August 15th. UBS Group cut their price target on Riskified from $6.00 to $4.75 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Finally, DA Davidson upgraded Riskified to a “hold” rating in a research note on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $6.03.

Riskified Price Performance

Shares of RSKD stock opened at $4.75 on Tuesday. The stock’s fifty day moving average price is $5.35 and its 200 day moving average price is $5.57. Riskified Ltd. has a 1-year low of $3.48 and a 1-year high of $6.64. The company has a market cap of $846.81 million, a price-to-earnings ratio of -15.32 and a beta of 1.37.

Riskified (NYSE:RSKD) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.02. Riskified had a negative return on equity of 8.33% and a negative net margin of 14.57%. The business had revenue of $78.73 million during the quarter, compared to the consensus estimate of $78.33 million. As a group, equities research analysts anticipate that Riskified Ltd. will post -0.17 earnings per share for the current 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.