Public Employees Retirement System of Ohio Sells 10,380 Shares of Riskified Ltd. $RSKD

Public Employees Retirement System of Ohio trimmed its position in shares of Riskified Ltd. (NYSE:RSKD) by 3.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 299,362 shares of the company’s stock after selling 10,380 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.19% of Riskified worth $1,494,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Two Sigma Investments LP boosted its position in shares of Riskified by 61.5% in the 4th quarter. Two Sigma Investments LP now owns 25,490 shares of the company’s stock worth $121,000 after purchasing an additional 9,711 shares in the last quarter. Invesco Ltd. bought a new stake in shares of Riskified in the 1st quarter worth approximately $51,000. Trexquant Investment LP boosted its position in shares of Riskified by 4.3% in the 1st quarter. Trexquant Investment LP now owns 336,666 shares of the company’s stock worth $1,555,000 after purchasing an additional 13,994 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Riskified by 61.3% in the 1st quarter. Teacher Retirement System of Texas now owns 39,280 shares of the company’s stock worth $181,000 after purchasing an additional 14,934 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of Riskified in the 1st quarter worth approximately $80,000. 58.98% of the stock is owned by institutional investors.

Riskified Stock Performance

Shares of Riskified stock opened at $4.72 on Friday. The company has a market capitalization of $760.11 million, a P/E ratio of -19.65 and a beta of 1.35. The company has a fifty day moving average of $4.79 and a 200 day moving average of $4.83. Riskified Ltd. has a fifty-two week low of $3.94 and a fifty-two week high of $5.99.

Riskified (NYSE:RSKD) last issued its quarterly earnings data on Monday, August 18th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). Riskified had a negative net margin of 11.70% and a negative return on equity of 8.27%. The firm had revenue of $81.06 million for the quarter, compared to analysts’ expectations of $80.17 million. During the same quarter in the previous year, the business earned $0.04 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Riskified has set its FY 2025 guidance at EPS. Analysts forecast that Riskified Ltd. will post -0.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wall Street Zen raised Riskified from a “hold” rating to a “buy” rating in a research report on Friday. DA Davidson dropped their price target on Riskified from $6.50 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday, August 19th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Riskified in a research report on Wednesday, August 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Riskified in a research note on Saturday, September 27th. Finally, Piper Sandler cut their target price on Riskified from $7.00 to $6.00 and set an “overweight” rating on the stock in a research note on Monday, August 18th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $5.82.

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.