Y.D. More Investments Ltd Boosts Stock Holdings in Riskified Ltd. (NYSE:RSKD)

Y.D. More Investments Ltd raised its stake in Riskified Ltd. (NYSE:RSKD) by 16.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,614 shares of the company’s stock after acquiring an additional 5,081 shares during the period. Y.D. More Investments Ltd’s holdings in Riskified were worth $168,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of RSKD. Quantbot Technologies LP bought a new stake in shares of Riskified in the third quarter worth about $120,000. Olympiad Research LP bought a new stake in Riskified in the 3rd quarter worth approximately $150,000. Squarepoint Ops LLC bought a new stake in Riskified in the 2nd quarter worth approximately $163,000. Barclays PLC raised its holdings in shares of Riskified by 106.6% during the 3rd quarter. Barclays PLC now owns 39,174 shares of the company’s stock worth $186,000 after acquiring an additional 20,213 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of Riskified by 110.8% during the 2nd quarter. Sei Investments Co. now owns 34,991 shares of the company’s stock valued at $224,000 after acquiring an additional 18,392 shares during the last quarter. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on RSKD shares. DA Davidson raised shares of Riskified to a “hold” rating in a research note on Thursday, November 14th. The Goldman Sachs Group decreased their target price on shares of Riskified from $4.50 to $4.00 and set a “sell” rating on the stock in a research report on Monday, December 2nd. Piper Sandler dropped their price target on Riskified from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods decreased their price objective on Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a research report on Thursday, November 14th. Finally, UBS Group lowered their price objective on Riskified from $4.75 to $4.50 and set a “neutral” rating for the company in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $5.72.

Riskified Price Performance

Shares of NYSE:RSKD opened at $5.26 on Thursday. The firm has a market capitalization of $936.81 million, a PE ratio of -26.27 and a beta of 1.38. The business has a 50 day simple moving average of $4.92 and a two-hundred day simple moving average of $4.91. Riskified Ltd. has a 1 year low of $4.14 and a 1 year high of $6.64.

Riskified (NYSE:RSKD) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Riskified had a negative return on equity of 6.00% and a negative net margin of 10.72%. The company had revenue of $78.80 million during the quarter, compared to analysts’ expectations of $75.01 million. During the same quarter in the previous year, the business earned ($0.12) EPS. Riskified’s revenue was up 9.6% compared to the same quarter last year. Equities research analysts expect that Riskified Ltd. will post -0.15 EPS for the current fiscal year.

Riskified declared that its board has approved a stock buyback program on Wednesday, November 13th that authorizes the company to repurchase $75.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

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.