Riskified Ltd. (NYSE:RSKD) Stock Position Trimmed by 272 Capital LP

272 Capital LP reduced its holdings in shares of Riskified Ltd. (NYSE:RSKD - Free Report) by 46.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,253,094 shares of the company's stock after selling 1,079,449 shares during the quarter. Riskified accounts for 4.0% of 272 Capital LP's portfolio, making the stock its 5th biggest holding. 272 Capital LP owned about 0.70% of Riskified worth $8,007,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. nVerses Capital LLC bought a new position in shares of Riskified in the 2nd quarter worth approximately $29,000. Covestor Ltd grew its position in shares of Riskified by 2,522.7% during the 1st quarter. Covestor Ltd now owns 7,842 shares of the company's stock valued at $43,000 after acquiring an additional 7,543 shares during the period. Aigen Investment Management LP purchased a new stake in shares of Riskified in the 4th quarter worth $84,000. Valmark Advisers Inc. bought a new position in Riskified in the 2nd quarter worth $104,000. Finally, Lord Abbett & CO. LLC purchased a new position in Riskified during the first quarter valued at $204,000. 58.98% of the stock is owned by hedge funds and other institutional investors.

Riskified Stock Up 1.5 %

NYSE RSKD traded up $0.07 on Tuesday, reaching $4.82. The company had a trading volume of 343,167 shares, compared to its average volume of 699,881. The stock has a market capitalization of $859.29 million, a PE ratio of -15.55 and a beta of 1.37. Riskified Ltd. has a 12 month low of $3.48 and a 12 month high of $6.64. The firm's 50 day moving average price is $5.32 and its 200 day moving average price is $5.56.

Riskified (NYSE:RSKD - Get Free Report) last issued its earnings results on Wednesday, August 14th. The company reported ($0.04) earnings per share (EPS) 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 firm had revenue of $78.73 million for the quarter, compared to analysts' expectations of $78.33 million. On average, research analysts expect that Riskified Ltd. will post -0.17 EPS for the current year.

Analyst Ratings Changes

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

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.