BNP Paribas Financial Markets Invests $456,000 in Riskified Ltd. (NYSE:RSKD)

BNP Paribas Financial Markets acquired a new position in shares of Riskified Ltd. (NYSE:RSKD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 96,316 shares of the company’s stock, valued at approximately $456,000. BNP Paribas Financial Markets owned about 0.05% of Riskified at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in RSKD. Monimus Capital Management LP bought a new position in Riskified during the fourth quarter worth about $3,428,000. Marshall Wace LLP bought a new stake in shares of Riskified in the 4th quarter valued at $823,000. ExodusPoint Capital Management LP lifted its stake in shares of Riskified by 363.8% in the 4th quarter. ExodusPoint Capital Management LP now owns 200,991 shares of the company’s stock valued at $951,000 after purchasing an additional 157,657 shares during the period. Northern Trust Corp bought a new stake in shares of Riskified in the 4th quarter valued at $655,000. Finally, Trexquant Investment LP increased its position in Riskified by 29.6% in the 4th quarter. Trexquant Investment LP now owns 322,672 shares of the company’s stock valued at $1,526,000 after buying an additional 73,769 shares in the last quarter. 58.98% of the stock is currently owned by institutional investors.

Riskified Trading Down 3.0%

Shares of RSKD opened at $4.85 on Monday. The firm has a market capitalization of $781.86 million, a price-to-earnings ratio of -24.25 and a beta of 1.36. The firm’s 50-day moving average price is $4.64 and its 200-day moving average price is $4.84. Riskified Ltd. has a 1-year low of $3.94 and a 1-year high of $6.65.

Riskified (NYSE:RSKD) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.02. The company had revenue of $82.39 million for the quarter, compared to the consensus estimate of $79.23 million. Riskified had a negative return on equity of 6.00% and a negative net margin of 10.72%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.04 EPS. On average, research analysts forecast that Riskified Ltd. will post -0.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RSKD has been the topic of a number of analyst reports. The Goldman Sachs Group upped their target price on shares of Riskified from $4.00 to $4.50 and gave the stock a “sell” rating in a report on Thursday, March 6th. Truist Financial increased their target price on Riskified from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Thursday, May 15th. Keefe, Bruyette & Woods increased their price objective on Riskified from $5.25 to $5.50 and gave the stock a “market perform” rating in a research report on Thursday, May 15th. Piper Sandler reissued an “overweight” rating and issued a $7.00 target price on shares of Riskified in a research note on Monday, March 17th. Finally, UBS Group upped their price target on shares of Riskified from $5.50 to $5.75 and gave the company a “neutral” rating in a research report on Thursday, May 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $6.03.

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.