Two Sigma Investments LP Has $121,000 Position in Riskified Ltd. (NYSE:RSKD)

Two Sigma Investments LP boosted its holdings in shares of Riskified Ltd. (NYSE:RSKD) by 61.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 25,490 shares of the company’s stock after acquiring an additional 9,711 shares during the period. Two Sigma Investments LP’s holdings in Riskified were worth $121,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in RSKD. Lazard Asset Management LLC acquired a new stake in shares of Riskified during the fourth quarter worth $38,000. Group One Trading LLC lifted its stake in Riskified by 4,503.5% in the fourth quarter. Group One Trading LLC now owns 8,719 shares of the company’s stock valued at $41,000 after buying an additional 8,917 shares during the period. Bayesian Capital Management LP bought a new position in Riskified during the fourth quarter worth about $56,000. Cubist Systematic Strategies LLC acquired a new position in shares of Riskified during the 4th quarter worth about $74,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Riskified in the 4th quarter valued at about $88,000. Institutional investors own 58.98% of the company’s stock.

Riskified Stock Down 2.4%

Shares of RSKD stock opened at $4.90 on Friday. Riskified Ltd. has a 12-month low of $3.94 and a 12-month high of $6.65. The firm has a fifty day moving average of $4.76 and a 200-day moving average of $4.89. The company has a market capitalization of $789.92 million, a price-to-earnings ratio of -24.50 and a beta of 1.38.

Riskified (NYSE:RSKD) last released its earnings results on Wednesday, May 14th. The company reported $0.03 earnings per share (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 analysts’ expectations of $79.23 million. During the same quarter in the prior year, the company earned $0.04 EPS. The company’s revenue was up 7.9% on a year-over-year basis. On average, equities analysts expect that Riskified Ltd. will post -0.15 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Piper Sandler reissued an “overweight” rating and set a $7.00 price objective on shares of Riskified in a research note on Monday, March 17th. DA Davidson increased their target price on shares of Riskified from $6.00 to $6.50 and gave the stock a “buy” rating in a report on Thursday, May 15th. Keefe, Bruyette & Woods lifted their price target on shares of Riskified from $5.25 to $5.50 and gave the stock a “market perform” rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. lowered their price objective on shares of Riskified from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Monday, March 10th. Finally, UBS Group raised their price objective on Riskified from $5.50 to $5.75 and gave the stock a “neutral” rating in a research note on Thursday, May 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.03.

Riskified Company 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.