Connor Clark & Lunn Investment Management Ltd. boosted its stake in Riskified Ltd. (NYSE:RSKD - Free Report) by 61.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 313,143 shares of the company's stock after buying an additional 119,038 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.18% of Riskified worth $1,481,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the stock. Russell Investments Group Ltd. bought a new position in Riskified during the first quarter worth about $219,000. Quadrature Capital Ltd grew its position in Riskified by 16.7% during the first quarter. Quadrature Capital Ltd now owns 50,357 shares of the company's stock worth $272,000 after buying an additional 7,200 shares in the last quarter. California State Teachers Retirement System increased its stake in Riskified by 10.8% during the 1st quarter. California State Teachers Retirement System now owns 90,693 shares of the company's stock worth $491,000 after acquiring an additional 8,814 shares during the period. Tidal Investments LLC bought a new stake in shares of Riskified during the 1st quarter valued at $547,000. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Riskified by 181.2% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 101,895 shares of the company's stock worth $651,000 after purchasing an additional 65,653 shares in the last quarter. 58.98% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
RSKD has been the topic of a number of analyst reports. DA Davidson upgraded shares of Riskified to a "hold" rating in a research note on Thursday, November 14th. Keefe, Bruyette & Woods decreased their price objective on shares of Riskified from $5.50 to $5.25 and set a "market perform" rating on the stock in a research note on Thursday, November 14th. Piper Sandler restated an "overweight" rating and set a $7.00 target price on shares of Riskified in a research note on Thursday, November 14th. Truist Financial decreased their target price on Riskified from $8.00 to $7.00 and set a "buy" rating on the stock in a research report on Thursday, August 15th. Finally, The Goldman Sachs Group reduced their price target on shares of Riskified from $6.00 to $4.50 and set a "sell" rating on the stock in a research note on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $5.91.
View Our Latest Stock Report on Riskified
Riskified Trading Up 2.3 %
RSKD traded up $0.11 during trading on Wednesday, reaching $4.80. 536,873 shares of the company's stock were exchanged, compared to its average volume of 668,290. The stock has a market capitalization of $855.70 million, a PE ratio of -23.90 and a beta of 1.36. The firm has a fifty day moving average price of $4.56 and a two-hundred day moving average price of $5.36. Riskified Ltd. has a one year low of $3.97 and a one year high of $6.64.
Riskified (NYSE:RSKD - Get Free Report) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. Riskified had a negative return on equity of 6.00% and a negative net margin of 10.72%. The business had revenue of $78.80 million during the quarter, compared to the consensus estimate of $75.01 million. During the same period in the prior year, the business posted ($0.12) earnings per share. Riskified's quarterly revenue was up 9.6% on a year-over-year basis. Sell-side analysts expect that Riskified Ltd. will post -0.15 earnings per share for the current year.
Riskified announced that its board has authorized a stock buyback program on Wednesday, November 13th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the company to repurchase up to 9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.
About Riskified
(
Free Report)
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.
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