Riskified Ltd. (NYSE:RSKD) Position Raised by Barclays PLC

Barclays PLC raised its position in shares of Riskified Ltd. (NYSE:RSKD) by 106.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,174 shares of the company’s stock after purchasing an additional 20,213 shares during the quarter. Barclays PLC’s holdings in Riskified were worth $186,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Riskified by 76.0% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,734,508 shares of the company’s stock valued at $31,854,000 after buying an additional 2,907,585 shares during the period. Acadian Asset Management LLC lifted its holdings in 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 during the last quarter. Jennison Associates LLC grew its stake in shares of Riskified by 11.2% in the 3rd quarter. Jennison Associates LLC now owns 5,682,144 shares of the company’s stock worth $26,877,000 after purchasing an additional 573,596 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Riskified in the 3rd quarter worth approximately $1,438,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Riskified by 37.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,052,944 shares of the company’s stock valued at $4,980,000 after purchasing an additional 286,603 shares during the last quarter. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on RSKD shares. The Goldman Sachs Group decreased their price target on shares of Riskified from $4.50 to $4.00 and set a “sell” rating on the stock in a research report on Monday, December 2nd. Keefe, Bruyette & Woods reduced their target price on Riskified from $5.50 to $5.25 and set a “market perform” rating for the company in a report on Thursday, November 14th. Piper Sandler reissued an “overweight” rating and issued a $7.00 price target on shares of Riskified in a research note on Thursday, November 14th. UBS Group reduced their price objective 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. Finally, DA Davidson raised shares of Riskified to a “hold” rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Riskified has an average rating of “Hold” and a consensus target price of $5.84.

Riskified Stock Performance

RSKD stock opened at $4.82 on Tuesday. The firm has a 50 day simple moving average of $4.71 and a 200 day simple moving average of $5.11. Riskified Ltd. has a 52 week low of $4.14 and a 52 week high of $6.64. The stock has a market cap of $859.29 million, a P/E ratio of -24.10 and a beta of 1.37.

Riskified (NYSE:RSKD) last issued its earnings results on Wednesday, November 13th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Riskified had a negative net margin of 10.72% and a negative return on equity of 6.00%. The company had revenue of $78.80 million during the quarter, compared to analyst estimates of $75.01 million. During the same quarter last year, the business posted ($0.12) EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. Sell-side analysts predict that Riskified Ltd. will post -0.15 EPS for the current year.

Riskified announced that its Board of Directors has initiated a stock buyback plan on Wednesday, November 13th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the company to repurchase up to 9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Riskified 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.