New York State Common Retirement Fund Purchases 6,487 Shares of Riskified Ltd. (NYSE:RSKD)

New York State Common Retirement Fund lifted its position in Riskified Ltd. (NYSE:RSKD) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,740 shares of the company’s stock after buying an additional 6,487 shares during the period. New York State Common Retirement Fund owned about 0.07% of Riskified worth $571,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new stake in Riskified in the 3rd quarter valued at $120,000. Olympiad Research LP acquired a new stake in shares of Riskified in the third quarter valued at about $150,000. Y.D. More Investments Ltd increased its position in shares of Riskified by 16.6% in the fourth quarter. Y.D. More Investments Ltd now owns 35,614 shares of the company’s stock valued at $168,000 after acquiring an additional 5,081 shares during the last quarter. Barclays PLC raised its holdings in Riskified by 106.6% during the third quarter. Barclays PLC now owns 39,174 shares of the company’s stock worth $186,000 after acquiring an additional 20,213 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its position in Riskified by 107.7% during the third quarter. State of New Jersey Common Pension Fund D now owns 67,686 shares of the company’s stock valued at $320,000 after purchasing an additional 35,096 shares during the last quarter. Institutional investors and hedge funds own 58.98% of the company’s stock.

Analysts Set New Price Targets

RSKD has been the subject of several analyst reports. Piper Sandler decreased their target price on shares of Riskified from $7.00 to $6.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. UBS Group decreased their price objective on shares of Riskified from $4.75 to $4.50 and set a “neutral” rating for the company in a research report on Thursday, November 14th. Keefe, Bruyette & Woods dropped their target price on shares of Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a report on Thursday, November 14th. The Goldman Sachs Group cut their target price on shares of Riskified from $4.50 to $4.00 and set a “sell” rating for the company in a research note on Monday, December 2nd. Finally, DA Davidson raised Riskified from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $5.00 to $7.00 in a research report on Monday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $5.72.

Riskified Stock Down 2.0 %

Shares of RSKD opened at $5.05 on Wednesday. The stock has a market cap of $899.75 million, a P/E ratio of -25.23 and a beta of 1.38. The business’s fifty day moving average is $5.15 and its 200 day moving average is $4.85. Riskified Ltd. has a 12-month low of $4.14 and a 12-month high of $6.64.

Riskified announced that its Board of Directors has approved a share buyback plan on Wednesday, November 13th that allows the company to buyback $75.00 million in shares. This buyback authorization allows the company to repurchase up to 9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

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.