Y.D. More Investments Ltd Purchases 5,081 Shares of Riskified Ltd. (NYSE:RSKD)

Y.D. More Investments Ltd grew its position in Riskified Ltd. (NYSE:RSKD) by 16.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,614 shares of the company’s stock after buying an additional 5,081 shares during the quarter. Y.D. More Investments Ltd’s holdings in Riskified were worth $168,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in RSKD. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Riskified by 76.0% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,734,508 shares of the company’s stock worth $31,854,000 after buying an additional 2,907,585 shares during the period. Jennison Associates LLC increased its holdings in shares of Riskified by 11.2% in the 3rd quarter. Jennison Associates LLC now owns 5,682,144 shares of the company’s stock valued at $26,877,000 after acquiring an additional 573,596 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Riskified during the 3rd quarter worth $1,438,000. Allspring Global Investments Holdings LLC boosted its position in Riskified by 37.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,052,944 shares of the company’s stock valued at $4,980,000 after purchasing an additional 286,603 shares in the last quarter. Finally, Harvey Partners LLC grew its stake in Riskified by 9.7% in the third quarter. Harvey Partners LLC now owns 3,227,500 shares of the company’s stock valued at $15,266,000 after purchasing an additional 286,500 shares during the last quarter. Institutional investors own 58.98% of the company’s stock.

Analysts Set New Price Targets

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

Riskified Price Performance

Shares of RSKD opened at $5.26 on Thursday. The company’s fifty day moving average price is $4.92 and its 200-day moving average price is $4.91. Riskified Ltd. has a 1-year low of $4.14 and a 1-year high of $6.64. The firm has a market capitalization of $936.81 million, a PE ratio of -26.27 and a beta of 1.38.

Riskified (NYSE:RSKD) last posted its quarterly earnings results on Wednesday, November 13th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $78.80 million for the quarter, compared to the consensus estimate of $75.01 million. During the same quarter in the previous year, the business earned ($0.12) EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. As a group, research analysts anticipate that Riskified Ltd. will post -0.15 EPS for the current fiscal year.

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

About Riskified

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.