Riskified Ltd. (NYSE:RSKD) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its holdings in shares of Riskified Ltd. (NYSE:RSKD) by 21.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 110,012 shares of the company’s stock after purchasing an additional 19,642 shares during the quarter. Envestnet Asset Management Inc. owned about 0.07% of Riskified worth $508,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Renaissance Technologies LLC raised its holdings in Riskified by 2.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,181,400 shares of the company’s stock valued at $5,588,000 after acquiring an additional 26,200 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Riskified by 5.3% in the 4th quarter. JPMorgan Chase & Co. now owns 921,811 shares of the company’s stock valued at $4,360,000 after acquiring an additional 46,088 shares during the period. Invenomic Capital Management LP increased its holdings in shares of Riskified by 14.0% in the 4th quarter. Invenomic Capital Management LP now owns 880,786 shares of the company’s stock valued at $4,166,000 after acquiring an additional 108,266 shares during the period. Millennium Management LLC increased its holdings in shares of Riskified by 171.0% in the 4th quarter. Millennium Management LLC now owns 766,977 shares of the company’s stock valued at $3,628,000 after acquiring an additional 483,975 shares during the period. Finally, Trexquant Investment LP increased its holdings in shares of 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 acquiring an additional 73,769 shares during the period. Institutional investors and hedge funds own 58.98% of the company’s stock.

Riskified Price Performance

NYSE:RSKD opened at $5.15 on Wednesday. The firm’s fifty day moving average price is $5.11 and its 200 day moving average price is $4.97. Riskified Ltd. has a 1-year low of $3.94 and a 1-year high of $6.05. The firm has a market cap of $830.23 million, a price-to-earnings ratio of -23.41 and a beta of 1.37.

Riskified (NYSE:RSKD) last released its earnings results on Wednesday, May 14th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. Riskified had a negative return on equity of 7.42% and a negative net margin of 11.15%. The company had revenue of $82.39 million during the quarter, compared to the consensus estimate of $79.23 million. During the same quarter last year, the company earned $0.04 earnings per share. Riskified’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, analysts expect that Riskified Ltd. will post -0.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Truist Financial lifted their target price on shares of Riskified from $7.00 to $8.00 and gave the company a “buy” rating in a report on Thursday, May 15th. UBS Group lifted their target price on shares of Riskified from $5.50 to $5.75 and gave the company a “neutral” rating in a report on Thursday, May 15th. DA Davidson lifted their price objective on shares of Riskified from $6.00 to $6.50 and gave the company a “buy” rating in a research report on Thursday, May 15th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Riskified from $5.25 to $5.50 and gave the company a “market perform” rating in a research report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $6.03.

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.