Public Employees Retirement System of Ohio purchased a new stake in shares of Riskified Ltd. (NYSE:RSKD - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 303,942 shares of the company's stock, valued at approximately $1,438,000. Public Employees Retirement System of Ohio owned approximately 0.17% of Riskified at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Algert Global LLC lifted its position in Riskified by 7.1% in the 2nd quarter. Algert Global LLC now owns 43,324 shares of the company's stock valued at $277,000 after acquiring an additional 2,854 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Riskified during the second quarter valued at $29,000. State Street Corp boosted its position in shares of Riskified by 0.9% during the third quarter. State Street Corp now owns 745,593 shares of the company's stock valued at $3,527,000 after buying an additional 6,927 shares during the last quarter. Susquehanna Fundamental Investments LLC increased its holdings in Riskified by 18.2% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 75,058 shares of the company's stock worth $480,000 after buying an additional 11,574 shares in the last quarter. Finally, Valmark Advisers Inc. purchased a new position in Riskified in the 2nd quarter worth about $104,000. Hedge funds and other institutional investors own 58.98% of the company's stock.
Riskified Price Performance
Shares of NYSE:RSKD traded down $0.07 during midday trading on Thursday, hitting $4.59. The company had a trading volume of 318,519 shares, compared to its average volume of 660,708. Riskified Ltd. has a 12-month low of $4.14 and a 12-month high of $6.64. The company has a fifty day moving average of $4.65 and a two-hundred day moving average of $5.24. The company has a market cap of $818.28 million, a price-to-earnings ratio of -22.95 and a beta of 1.38.
Riskified (NYSE:RSKD - Get Free Report) last released its quarterly earnings results on Wednesday, November 13th. The company reported $0.03 earnings per share (EPS) 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 business had revenue of $78.80 million during the quarter, compared to analyst estimates of $75.01 million. During the same quarter in the previous year, the company posted ($0.12) earnings per share. Riskified's revenue for the quarter was up 9.6% on a year-over-year basis. Research analysts expect that Riskified Ltd. will post -0.15 earnings per share for the current fiscal year.
Riskified announced that its Board of Directors has initiated a share buyback program on Wednesday, November 13th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to buy up to 9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its stock is undervalued.
Wall Street Analysts Forecast Growth
RSKD has been the topic of a number of recent analyst reports. The Goldman Sachs Group dropped their price target on shares of Riskified from $4.50 to $4.00 and set a "sell" rating on the stock in a report on Monday, December 2nd. Piper Sandler restated an "overweight" rating and issued a $7.00 target price on shares of Riskified in a report on Thursday, November 14th. UBS Group decreased their target price on shares of Riskified from $4.75 to $4.50 and set a "neutral" rating for the company in a research note on Thursday, November 14th. DA Davidson upgraded Riskified to a "hold" rating in a research note on Thursday, November 14th. Finally, Keefe, Bruyette & Woods reduced their price objective on Riskified from $5.50 to $5.25 and set a "market perform" rating for the company in a research 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $5.84.
View Our Latest Research Report on RSKD
About Riskified
(
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.
Further Reading
Before you consider Riskified, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Riskified wasn't on the list.
While Riskified currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
