XTX Topco Ltd Cuts Position in Riskified Ltd. (NYSE:RSKD)

XTX Topco Ltd lessened its position in shares of Riskified Ltd. (NYSE:RSKD) by 68.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,042 shares of the company’s stock after selling 22,226 shares during the quarter. XTX Topco Ltd’s holdings in Riskified were worth $46,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new stake in shares of Riskified during the 4th quarter worth approximately $38,000. Group One Trading LLC raised its position in Riskified by 4,503.5% during the 4th quarter. Group One Trading LLC now owns 8,719 shares of the company’s stock valued at $41,000 after purchasing an additional 8,917 shares in the last quarter. Bayesian Capital Management LP bought a new stake in Riskified during the 4th quarter valued at $56,000. Cubist Systematic Strategies LLC bought a new stake in Riskified during the 4th quarter valued at $74,000. Finally, FNY Investment Advisers LLC bought a new stake in Riskified during the 1st quarter valued at $80,000. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods boosted their target price on Riskified from $5.25 to $5.50 and gave the stock a “market perform” rating in a research note on Thursday, May 15th. DA Davidson boosted their price target on Riskified from $6.00 to $6.50 and gave the company a “buy” rating in a research note on Thursday, May 15th. Truist Financial boosted their price objective on Riskified from $7.00 to $8.00 and gave the company a “buy” rating in a report on Thursday, May 15th. Finally, UBS Group boosted their price objective on Riskified from $5.50 to $5.75 and gave the company a “neutral” rating in a report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Riskified presently has a consensus rating of “Hold” and a consensus price target of $6.18.

Riskified Stock Up 2.9%

NYSE:RSKD opened at $5.26 on Friday. The stock’s fifty day moving average is $5.12 and its two-hundred day moving average is $4.97. Riskified Ltd. has a 52 week low of $3.94 and a 52 week high of $5.99. The stock has a market capitalization of $847.96 million, a price-to-earnings ratio of -23.91 and a beta of 1.37.

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

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.