Riskified Ltd. (NYSE:RSKD) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Riskified Ltd. (NYSE:RSKD) by 10.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 219,262 shares of the company’s stock after purchasing an additional 20,505 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.12% of Riskified worth $1,037,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Lazard Asset Management LLC acquired a new stake in shares of Riskified during the 4th quarter worth about $38,000. Group One Trading LLC boosted its stake in shares of Riskified by 4,503.5% during the 4th quarter. Group One Trading LLC now owns 8,719 shares of the company’s stock worth $41,000 after purchasing an additional 8,917 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Riskified during the 4th quarter worth about $56,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Riskified during the 4th quarter worth about $74,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Riskified during the 4th quarter worth about $88,000. 58.98% of the stock is owned by institutional investors and hedge funds.

Riskified Price Performance

Shares of RSKD stock opened at $5.16 on Tuesday. The firm has a market cap of $831.03 million, a P/E ratio of -25.77 and a beta of 1.38. Riskified Ltd. has a 1-year low of $3.94 and a 1-year high of $6.65. The firm’s 50-day simple moving average is $4.71 and its 200-day simple moving average is $4.88.

Riskified (NYSE:RSKD) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.03 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $82.39 million for the quarter, compared to analyst estimates of $79.23 million. During the same quarter last year, the firm posted $0.04 earnings per share. Riskified’s revenue for the quarter was up 7.9% compared to the same quarter last year. Analysts expect that Riskified Ltd. will post -0.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Truist Financial raised their price target on shares of Riskified from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, May 15th. Piper Sandler reaffirmed an “overweight” rating and set a $7.00 price target on shares of Riskified in a research note on Monday, March 17th. UBS Group increased their price objective on shares of Riskified from $5.50 to $5.75 and gave the stock a “neutral” rating in a report on Thursday, May 15th. JPMorgan Chase & Co. cut their price objective on shares of Riskified from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday, March 10th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Riskified from $5.25 to $5.50 and gave the stock a “market perform” rating in a report on Thursday, May 15th. One research 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. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.