Bronte Capital Management Pty Ltd. Has $2.65 Million Holdings in Riskified Ltd. $RSKD

Bronte Capital Management Pty Ltd. lifted its holdings in shares of Riskified Ltd. (NYSE:RSKD) by 14.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 531,929 shares of the company’s stock after purchasing an additional 66,548 shares during the quarter. Riskified accounts for 0.6% of Bronte Capital Management Pty Ltd.’s holdings, making the stock its 12th largest position. Bronte Capital Management Pty Ltd. owned 0.33% of Riskified worth $2,654,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Invesco Ltd. bought a new position in Riskified during the 1st quarter worth $51,000. Savant Capital LLC bought a new position in shares of Riskified in the second quarter worth $57,000. Brookwood Investment Group LLC acquired a new position in Riskified in the second quarter valued at about $100,000. Y.D. More Investments Ltd lifted its position in Riskified by 20.4% during the second quarter. Y.D. More Investments Ltd now owns 39,789 shares of the company’s stock worth $198,000 after purchasing an additional 6,743 shares during the period. Finally, MQS Management LLC lifted its position in Riskified by 42.6% during the second quarter. MQS Management LLC now owns 51,512 shares of the company’s stock worth $257,000 after purchasing an additional 15,393 shares during the period. 58.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RSKD has been the topic of several recent analyst reports. JPMorgan Chase & Co. upgraded shares of Riskified from an “underweight” rating to a “neutral” rating and set a $6.00 target price for the company in a research report on Friday, November 14th. Keefe, Bruyette & Woods decreased their price objective on shares of Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a research note on Tuesday, August 19th. Weiss Ratings restated a “sell (e+)” rating on shares of Riskified in a research report on Thursday, November 13th. Piper Sandler reduced their target price on Riskified from $7.00 to $6.00 and set an “overweight” rating on the stock in a report on Monday, August 18th. Finally, Wall Street Zen upgraded Riskified from a “hold” rating to a “buy” rating in a research note on Sunday. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Riskified presently has an average rating of “Hold” and a consensus price target of $5.89.

Riskified Price Performance

Shares of Riskified stock opened at $4.69 on Thursday. The company’s 50 day moving average price is $4.72 and its two-hundred day moving average price is $4.89. The firm has a market capitalization of $755.27 million, a P/E ratio of -20.37 and a beta of 1.36. Riskified Ltd. has a fifty-two week low of $3.94 and a fifty-two week high of $5.99.

Riskified (NYSE:RSKD) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. Riskified had a negative return on equity of 8.12% and a negative net margin of 11.04%.The company had revenue of $81.86 million during the quarter, compared to analysts’ expectations of $80.25 million. During the same period in the prior year, the company earned $0.03 EPS. Riskified’s revenue was up 3.9% compared to the same quarter last year. Riskified has set its FY 2025 guidance at EPS. On average, analysts expect that Riskified Ltd. will post -0.15 earnings per share for the current 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.