Russell Investments Group Ltd. Has $374,000 Position in Riskified Ltd. $RSKD

Russell Investments Group Ltd. lifted its holdings in shares of Riskified Ltd. (NYSE:RSKD) by 81.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,037 shares of the company’s stock after purchasing an additional 36,478 shares during the quarter. Russell Investments Group Ltd. owned 0.05% of Riskified worth $374,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of RSKD. Lazard Asset Management LLC bought a new position in shares of Riskified during the fourth quarter worth about $38,000. Group One Trading LLC grew its holdings in shares of Riskified by 4,503.5% during the fourth quarter. Group One Trading LLC now owns 8,719 shares of the company’s stock worth $41,000 after buying an additional 8,917 shares in the last quarter. Two Sigma Investments LP grew its holdings in shares of Riskified by 61.5% during the fourth quarter. Two Sigma Investments LP now owns 25,490 shares of the company’s stock worth $121,000 after buying an additional 9,711 shares in the last quarter. Invesco Ltd. bought a new position in shares of Riskified during the first quarter worth about $51,000. Finally, Bayesian Capital Management LP bought a new position in shares of Riskified during the fourth quarter worth about $56,000. Institutional investors and hedge funds own 58.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on RSKD shares. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Riskified in a report on Wednesday, August 20th. DA Davidson decreased their price target on Riskified from $6.50 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, August 19th. UBS Group decreased their price target on Riskified from $5.75 to $5.00 and set a “neutral” rating for the company in a research note on Tuesday, August 19th. Keefe, Bruyette & Woods decreased their price target on Riskified from $5.50 to $5.25 and set a “market perform” rating for the company in a research note on Tuesday, August 19th. Finally, Truist Financial raised 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. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Riskified currently has an average rating of “Hold” and an average price target of $5.82.

Riskified Trading Down 0.2%

Shares of NYSE RSKD opened at $4.77 on Monday. Riskified Ltd. has a 12 month low of $3.94 and a 12 month high of $5.99. The stock has a 50 day moving average of $5.04 and a 200-day moving average of $4.90. The company has a market capitalization of $768.97 million, a P/E ratio of -19.88 and a beta of 1.36.

Riskified (NYSE:RSKD) last issued its earnings results on Monday, August 18th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.09). The business had revenue of $81.06 million for the quarter, compared to the consensus estimate of $80.17 million. Riskified had a negative return on equity of 8.27% and a negative net margin of 11.70%.The business’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.04 earnings per share. Riskified has set its FY 2025 guidance at EPS. Analysts predict 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.