Cubist Systematic Strategies LLC Invests $74,000 in Riskified Ltd. (NYSE:RSKD)

Cubist Systematic Strategies LLC acquired a new position in Riskified Ltd. (NYSE:RSKD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,706 shares of the company’s stock, valued at approximately $74,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Balyasny Asset Management L.P. lifted its stake in shares of Riskified by 48.3% in the fourth quarter. Balyasny Asset Management L.P. now owns 54,083 shares of the company’s stock worth $256,000 after buying an additional 17,626 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Riskified in the fourth quarter worth $56,000. BNP Paribas Financial Markets acquired a new stake in shares of Riskified in the fourth quarter worth $456,000. Jane Street Group LLC lifted its stake in shares of Riskified by 552.0% in the fourth quarter. Jane Street Group LLC now owns 80,684 shares of the company’s stock worth $382,000 after buying an additional 68,309 shares during the last quarter. Finally, Northern Trust Corp acquired a new stake in shares of Riskified in the fourth quarter worth $655,000. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Riskified from $5.25 to $5.50 and gave the stock a “market perform” rating in a research note on Thursday, May 15th. DA Davidson boosted their price objective on shares of Riskified from $6.00 to $6.50 and gave the stock a “buy” rating in a research note on Thursday, May 15th. Truist Financial upped their target price on shares of Riskified from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. UBS Group upped their target price on shares of Riskified from $5.50 to $5.75 and gave the company a “neutral” rating in a research note on Thursday, May 15th. Finally, JPMorgan Chase & Co. cut their target price on shares of Riskified from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Riskified currently has a consensus rating of “Hold” and a consensus price target of $6.03.

Riskified Price Performance

NYSE:RSKD opened at $5.00 on Tuesday. The stock has a market cap of $806.05 million, a P/E ratio of -25.00 and a beta of 1.36. Riskified Ltd. has a one year low of $3.94 and a one year high of $6.65. The company has a fifty day moving average price of $4.60 and a 200 day moving average price of $4.83.

Riskified (NYSE:RSKD) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. Riskified had a negative net margin of 10.72% and a negative return on equity of 6.00%. The company had revenue of $82.39 million during the quarter, compared to analysts’ expectations of $79.23 million. During the same quarter in the prior year, the company posted $0.04 EPS. The business’s revenue was up 7.9% on a year-over-year basis. As a group, equities research analysts anticipate that Riskified Ltd. will post -0.15 EPS for the current year.

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.