EVR Research LP Sells 1,652,949 Shares of Riskified Ltd. (NYSE:RSKD)

EVR Research LP reduced its position in shares of Riskified Ltd. (NYSE:RSKD - Free Report) by 50.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,609,698 shares of the company's stock after selling 1,652,949 shares during the period. Riskified accounts for approximately 3.1% of EVR Research LP's portfolio, making the stock its 12th largest position. EVR Research LP owned 0.90% of Riskified worth $10,286,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. nVerses Capital LLC purchased a new position in shares of Riskified during the 2nd quarter worth approximately $29,000. Quadrature Capital Ltd grew its position in shares of Riskified by 16.7% in the 1st quarter. Quadrature Capital Ltd now owns 50,357 shares of the company's stock worth $272,000 after buying an additional 7,200 shares during the period. Covestor Ltd increased its stake in shares of Riskified by 2,522.7% in the 1st quarter. Covestor Ltd now owns 7,842 shares of the company's stock worth $43,000 after acquiring an additional 7,543 shares in the last quarter. Acadian Asset Management LLC grew its holdings in Riskified by 0.9% in the first quarter. Acadian Asset Management LLC now owns 879,179 shares of the company's stock worth $4,743,000 after purchasing an additional 7,644 shares during the period. Finally, California State Teachers Retirement System increased its stake in shares of Riskified by 10.8% during the first quarter. California State Teachers Retirement System now owns 90,693 shares of the company's stock valued at $491,000 after purchasing an additional 8,814 shares in the last quarter. Institutional investors own 58.98% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RSKD. UBS Group lowered their price target on Riskified from $6.00 to $4.75 and set a "neutral" rating for the company in a research report on Thursday, August 15th. Piper Sandler dropped their price objective on Riskified from $8.00 to $7.00 and set an "overweight" rating on the stock in a research report on Thursday, August 15th. DA Davidson upgraded shares of Riskified to a "hold" rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. lifted their price target on shares of Riskified from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 20th. Finally, Truist Financial lowered their price objective on shares of Riskified from $8.00 to $7.00 and set a "buy" rating on the stock in a research report on Thursday, August 15th. One equities 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 MarketBeat, Riskified currently has a consensus rating of "Hold" and a consensus target price of $6.03.

Riskified Stock Performance

Shares of Riskified stock traded up $0.06 during trading hours on Thursday, hitting $4.76. The company's stock had a trading volume of 508,320 shares, compared to its average volume of 696,959. The business has a 50 day moving average price of $5.28 and a two-hundred day moving average price of $5.56. The company has a market cap of $848.57 million, a PE ratio of -15.16 and a beta of 1.37. Riskified Ltd. has a 12-month low of $3.48 and a 12-month high of $6.64.

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. As a group, research analysts anticipate that Riskified Ltd. will post -0.17 earnings per share for the current year.

About Riskified

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.