Jennison Associates LLC lifted its stake in shares of Riskified Ltd. (NYSE:RSKD - Free Report) by 11.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 5,682,144 shares of the company's stock after buying an additional 573,596 shares during the quarter. Jennison Associates LLC owned about 3.19% of Riskified worth $26,877,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Swiss National Bank grew its holdings in Riskified by 7.1% in the 1st quarter. Swiss National Bank now owns 183,213 shares of the company's stock valued at $991,000 after buying an additional 12,200 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Riskified during the 1st quarter worth approximately $219,000. Covestor Ltd increased its holdings in shares of Riskified by 2,522.7% during the first quarter. Covestor Ltd now owns 7,842 shares of the company's stock worth $43,000 after purchasing an additional 7,543 shares during the period. Quadrature Capital Ltd raised its position in shares of Riskified by 16.7% in the first quarter. Quadrature Capital Ltd now owns 50,357 shares of the company's stock valued at $272,000 after buying an additional 7,200 shares in the last quarter. Finally, Invenomic Capital Management LP boosted its stake in shares of Riskified by 29.7% in the first quarter. Invenomic Capital Management LP now owns 763,203 shares of the company's stock valued at $4,129,000 after buying an additional 174,953 shares during the period. Institutional investors own 58.98% of the company's stock.
Analyst Upgrades and Downgrades
RSKD has been the topic of a number of recent research reports. DA Davidson upgraded Riskified to a "hold" rating in a research note on Thursday, November 14th. Keefe, Bruyette & Woods cut their price target on shares of Riskified from $5.50 to $5.25 and set a "market perform" rating for the company in a report on Thursday, November 14th. JPMorgan Chase & Co. increased their price target on shares of Riskified from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 20th. The Goldman Sachs Group lowered their price objective on shares of Riskified from $6.00 to $4.50 and set a "sell" rating for the company in a research report on Thursday, August 15th. Finally, UBS Group reduced their target price on Riskified from $4.75 to $4.50 and set a "neutral" rating on the stock in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $5.91.
Check Out Our Latest Report on Riskified
Riskified Trading Up 1.7 %
NYSE:RSKD traded up $0.08 on Friday, hitting $4.66. The company had a trading volume of 370,538 shares, compared to its average volume of 668,359. Riskified Ltd. has a 52 week low of $3.97 and a 52 week high of $6.64. The stock has a market capitalization of $830.74 million, a price-to-earnings ratio of -22.90 and a beta of 1.36. The firm has a 50 day moving average of $4.56 and a two-hundred day moving average of $5.36.
Riskified (NYSE:RSKD - Get Free Report) last released its quarterly earnings data on Wednesday, November 13th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $78.80 million for the quarter, compared to the consensus estimate of $75.01 million. During the same quarter last year, the business posted ($0.12) EPS. Riskified's revenue for the quarter was up 9.6% on a year-over-year basis. As a group, equities analysts forecast that Riskified Ltd. will post -0.16 EPS for the current year.
Riskified Company Profile
(
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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