Allspring Global Investments Holdings LLC Has $4.98 Million Holdings in Riskified Ltd. (NYSE:RSKD)

Allspring Global Investments Holdings LLC lifted its holdings in Riskified Ltd. (NYSE:RSKD - Free Report) by 37.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,052,944 shares of the company's stock after purchasing an additional 286,603 shares during the period. Allspring Global Investments Holdings LLC owned about 0.59% of Riskified worth $4,980,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in RSKD. nVerses Capital LLC acquired a new position in shares of Riskified in the second quarter worth about $29,000. Covestor Ltd boosted its holdings in shares of Riskified by 2,522.7% in the first quarter. Covestor Ltd now owns 7,842 shares of the company's stock worth $43,000 after buying an additional 7,543 shares during the period. Valmark Advisers Inc. acquired a new position in shares of Riskified in the second quarter worth about $104,000. Squarepoint Ops LLC acquired a new position in shares of Riskified in the second quarter worth about $163,000. Finally, State of New Jersey Common Pension Fund D acquired a new position in shares of Riskified in the second quarter worth about $208,000. Institutional investors and hedge funds own 58.98% of the company's stock.

Riskified Trading Up 0.9 %

NYSE RSKD traded up $0.04 during trading on Tuesday, reaching $4.50. The company's stock had a trading volume of 213,112 shares, compared to its average volume of 659,606. The stock has a market capitalization of $802.22 million, a PE ratio of -17.31 and a beta of 1.36. The business has a 50-day moving average price of $4.69 and a 200-day moving average price of $5.43. Riskified Ltd. has a 1-year low of $3.54 and a 1-year high of $6.64.

Riskified (NYSE:RSKD - Get Free Report) last posted its earnings results on Wednesday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.06) by $0.02. The firm had revenue of $78.73 million during the quarter, compared to analysts' expectations of $78.33 million. Riskified had a negative net margin of 14.57% and a negative return on equity of 8.33%. As a group, analysts expect that Riskified Ltd. will post -0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

RSKD has been the subject of several research reports. The Goldman Sachs Group decreased their price target on shares of Riskified from $6.00 to $4.50 and set a "sell" rating for the company in a report on Thursday, August 15th. DA Davidson upgraded shares of Riskified to a "hold" rating in a report on Wednesday, September 11th. Barclays decreased their price target on shares of Riskified from $6.00 to $5.00 and set an "equal weight" rating for the company in a report on Friday, August 16th. Piper Sandler decreased their price target on shares of Riskified from $8.00 to $7.00 and set an "overweight" rating for the company in a report on Thursday, August 15th. Finally, Truist Financial decreased their price target on shares of Riskified from $8.00 to $7.00 and set a "buy" rating for the company in a report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Riskified has an average rating of "Hold" and an average target price of $6.03.

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.