Lazard Asset Management LLC Takes $38,000 Position in Riskified Ltd. (NYSE:RSKD)

Lazard Asset Management LLC purchased a new position in Riskified Ltd. (NYSE:RSKD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,199 shares of the company’s stock, valued at approximately $38,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Monimus Capital Management LP purchased a new position in Riskified in the fourth quarter valued at about $3,428,000. Marshall Wace LLP bought a new stake in shares of Riskified in the 4th quarter valued at about $823,000. ExodusPoint Capital Management LP grew its position 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 worth $951,000 after buying an additional 157,657 shares during the last quarter. Northern Trust Corp purchased a new position in shares of Riskified in the 4th quarter worth approximately $655,000. Finally, Invenomic Capital Management LP raised its stake in shares of Riskified by 14.0% during the 4th quarter. Invenomic Capital Management LP now owns 880,786 shares of the company’s stock worth $4,166,000 after acquiring an additional 108,266 shares in the last quarter. 58.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RSKD has been the subject of several recent analyst reports. DA Davidson raised their target price on shares of Riskified from $6.00 to $6.50 and gave the company a “buy” rating in a research note on Thursday, May 15th. The Goldman Sachs Group raised their price objective on Riskified from $4.00 to $4.50 and gave the stock a “sell” rating in a research report on Thursday, March 6th. Piper Sandler reaffirmed an “overweight” rating and set a $7.00 target price on shares of Riskified in a research report on Monday, March 17th. Truist Financial increased their price target on Riskified from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Finally, UBS Group boosted their price target on Riskified from $5.50 to $5.75 and gave the stock a “neutral” rating in a research note on Thursday, May 15th. 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $6.03.

Riskified Stock Performance

Shares of RSKD opened at $4.85 on Tuesday. The stock has a 50-day moving average of $4.64 and a two-hundred day moving average of $4.84. The stock has a market cap of $781.86 million, a P/E ratio of -24.25 and a beta of 1.36. Riskified Ltd. has a one year low of $3.94 and a one year high of $6.65.

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

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.