Riskified Ltd. (NYSE:RSKD) Short Interest Update

Riskified Ltd. (NYSE:RSKDGet Rating) saw a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 2,810,000 shares, a drop of 21.1% from the March 15th total of 3,560,000 shares. Based on an average daily volume of 935,100 shares, the days-to-cover ratio is currently 3.0 days. Currently, 7.7% of the company’s shares are sold short.

A number of equities analysts have weighed in on the stock. Barclays decreased their price target on shares of Riskified from $15.00 to $8.00 in a report on Thursday, February 24th. Truist Financial decreased their price target on shares of Riskified from $23.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, February 22nd. KeyCorp reduced their target price on shares of Riskified from $18.00 to $10.00 and set an “overweight” rating on the stock in a report on Friday, January 14th. Zacks Investment Research upgraded shares of Riskified from a “sell” rating to a “hold” rating in a report on Thursday, March 3rd. Finally, Credit Suisse Group reduced their target price on shares of Riskified from $18.00 to $12.00 and set an “outperform” rating on the stock in a report on Thursday, February 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.79.

Riskified stock traded up $0.34 during midday trading on Tuesday, hitting $6.11. 10,394 shares of the stock were exchanged, compared to its average volume of 933,366. Riskified has a 1 year low of $5.48 and a 1 year high of $40.48. The company has a 50 day moving average price of $6.51 and a two-hundred day moving average price of $10.04.

Riskified (NYSE:RSKDGet Rating) last released its quarterly earnings results on Wednesday, February 23rd. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.01. Riskified had a negative net margin of 75.96% and a negative return on equity of 49.24%. The firm had revenue of $69.83 million for the quarter, compared to the consensus estimate of $67.32 million. During the same quarter in the previous year, the firm posted $0.05 EPS. The firm’s quarterly revenue was up 22.4% on a year-over-year basis. Analysts forecast that Riskified will post -0.68 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. ARK Investment Management LLC bought a new stake in shares of Riskified in the 1st quarter worth about $2,330,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Riskified in the 1st quarter worth about $65,000. Griffin Asset Management Inc. bought a new stake in shares of Riskified in the 1st quarter worth about $71,000. Walleye Capital LLC bought a new stake in shares of Riskified in the 4th quarter worth about $835,000. Finally, BlackRock Inc. increased its position in shares of Riskified by 7.4% in the 4th quarter. BlackRock Inc. now owns 322,172 shares of the company’s stock worth $2,533,000 after purchasing an additional 22,172 shares during the last quarter. 21.62% of the stock is currently owned by hedge funds and other institutional investors.

About Riskified (Get Rating)

Riskified Ltd. operates an e-commerce risk management platform that allows online merchants to create trusted relationships with their consumers in the United States, Europe, the Middle East, Africa, and internationally. It offers Chargeback Guarantee that approves or denies online orders; Policy Protect and Account Secure, which identifies and blocks consumers that may be taking advantage of the merchant's terms and conditions or that may be trying to gain unauthorized access to another consumer's account; Deco and PSD2, a optimize products that help merchants to avoid bank authorization failures and abandoned shopping carts resulting from the secure customer authentication process.

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