Short Interest in Riskified Ltd. (NYSE:RSKD) Rises By 30.3%

Riskified Ltd. (NYSE:RSKD - Get Free Report) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 824,100 shares, a growth of 30.3% from the January 31st total of 632,400 shares. Based on an average trading volume of 475,100 shares, the short-interest ratio is currently 1.7 days. Currently, 0.9% of the company's stock are sold short.

Hedge Funds Weigh In On Riskified

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RSKD. Lazard Asset Management LLC bought a new position in shares of Riskified during the 4th quarter valued at $38,000. Group One Trading LLC lifted its holdings in shares of Riskified by 4,503.5% during the 4th quarter. Group One Trading LLC now owns 8,719 shares of the company's stock valued at $41,000 after buying an additional 8,917 shares during the period. Bayesian Capital Management LP bought a new position in shares of Riskified during the 4th quarter valued at $56,000. Cubist Systematic Strategies LLC bought a new position in shares of Riskified during the 4th quarter valued at $74,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Riskified during the 4th quarter valued at $88,000. 58.98% of the stock is owned by institutional investors.

Riskified Trading Down 5.6 %

RSKD stock traded down $0.28 during midday trading on Friday, hitting $4.65. The company's stock had a trading volume of 1,015,486 shares, compared to its average volume of 556,863. The company has a market cap of $828.09 million, a PE ratio of -23.22 and a beta of 1.37. Riskified has a 12 month low of $4.14 and a 12 month high of $6.64. The firm's 50-day moving average is $5.16 and its 200-day moving average is $4.86.

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Riskified declared that its board has initiated a stock repurchase plan on Wednesday, November 13th that allows the company to repurchase $75.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

RSKD has been the topic of a number of analyst reports. DA Davidson raised Riskified from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $5.00 to $7.00 in a research report on Monday, March 3rd. The Goldman Sachs Group boosted their price target on Riskified from $4.00 to $4.50 and gave the stock a "sell" rating in a research report on Thursday. UBS Group dropped their price target on Riskified from $4.75 to $4.50 and set a "neutral" rating on the stock in a research report on Thursday, November 14th. Keefe, Bruyette & Woods dropped their price target on Riskified from $5.50 to $5.25 and set a "market perform" rating on the stock in a research report on Thursday, November 14th. Finally, Piper Sandler boosted their price target on Riskified from $6.00 to $7.00 and gave the stock an "overweight" rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $5.91.

Riskified Company 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.