Clearline Capital LP Buys 272,760 Shares of Riskified Ltd. (NYSE:RSKD)

Clearline Capital LP grew its position in shares of Riskified Ltd. (NYSE:RSKD - Free Report) by 19.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,680,228 shares of the company's stock after purchasing an additional 272,760 shares during the quarter. Clearline Capital LP owned about 0.94% of Riskified worth $10,737,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in RSKD. Rubric Capital Management LP increased its stake in shares of Riskified by 159.2% in the 4th quarter. Rubric Capital Management LP now owns 4,173,636 shares of the company's stock valued at $19,533,000 after acquiring an additional 2,563,384 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Riskified by 199.4% in the 2nd quarter. Acadian Asset Management LLC now owns 2,632,439 shares of the company's stock valued at $16,803,000 after acquiring an additional 1,753,260 shares in the last quarter. Invenomic Capital Management LP bought a new stake in shares of Riskified in the 4th quarter valued at $2,753,000. Capital World Investors increased its stake in shares of Riskified by 6.3% in the 4th quarter. Capital World Investors now owns 9,774,367 shares of the company's stock valued at $45,744,000 after acquiring an additional 580,000 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Riskified by 17.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,118,900 shares of the company's stock valued at $7,150,000 after acquiring an additional 164,600 shares in the last quarter. Institutional investors own 58.98% of the company's stock.

Analyst Upgrades and Downgrades

RSKD has been the subject of several research analyst reports. Barclays lowered their price objective on shares of Riskified from $6.00 to $5.00 and set an "equal weight" rating for the company in a research note on Friday, August 16th. DA Davidson raised shares of Riskified to a "hold" rating in a research report on Wednesday, September 11th. UBS Group reduced their price target on shares of 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 reduced their price target on shares of Riskified from $8.00 to $7.00 and set an "overweight" rating for the company 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 for the company in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $6.03.

Riskified Trading Up 0.2 %

Shares of NYSE:RSKD traded up $0.01 during midday trading on Friday, reaching $4.77. The company had a trading volume of 256,437 shares, compared to its average volume of 633,833. The company's 50 day moving average price is $5.22 and its 200 day moving average price is $5.55. The stock has a market cap of $850.37 million, a P/E ratio of -15.39 and a beta of 1.37. Riskified Ltd. has a 52-week low of $3.48 and a 52-week high of $6.64.

Riskified (NYSE:RSKD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.04) earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.02. The company had revenue of $78.73 million for the quarter, compared to the consensus estimate of $78.33 million. Riskified had a negative net margin of 14.57% and a negative return on equity of 8.33%. Research analysts forecast that Riskified Ltd. will post -0.17 EPS for the current fiscal 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.