Two Sigma Investments LP Acquires 9,711 Shares of Riskified Ltd. (NYSE:RSKD)

Two Sigma Investments LP raised its holdings in Riskified Ltd. (NYSE:RSKD) by 61.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 25,490 shares of the company’s stock after acquiring an additional 9,711 shares during the quarter. Two Sigma Investments LP’s holdings in Riskified were worth $121,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RSKD. BNP Paribas Financial Markets bought a new position in shares of Riskified in the 4th quarter valued at about $456,000. Jane Street Group LLC boosted its position in Riskified by 552.0% during the fourth quarter. Jane Street Group LLC now owns 80,684 shares of the company’s stock valued at $382,000 after purchasing an additional 68,309 shares during the last quarter. Millennium Management LLC boosted its position in Riskified by 171.0% during the fourth quarter. Millennium Management LLC now owns 766,977 shares of the company’s stock valued at $3,628,000 after purchasing an additional 483,975 shares during the last quarter. Two Sigma Advisers LP bought a new position in Riskified in the fourth quarter valued at approximately $140,000. Finally, Lazard Asset Management LLC acquired a new position in shares of Riskified during the 4th quarter worth approximately $38,000. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RSKD has been the topic of a number of analyst reports. The Goldman Sachs Group upped their price objective on Riskified from $4.00 to $4.50 and gave the stock a “sell” rating in a research note on Thursday, March 6th. DA Davidson upped their price target on shares of Riskified from $6.00 to $6.50 and gave the stock a “buy” rating in a research report on Thursday, May 15th. UBS Group increased their price target on shares of Riskified from $5.50 to $5.75 and gave the company a “neutral” rating in a research note on Thursday, May 15th. Piper Sandler reissued an “overweight” rating and issued a $7.00 price objective on shares of Riskified in a research report on Monday, March 17th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Riskified from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Monday, March 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $6.03.

Riskified Trading Down 2.4%

RSKD opened at $4.90 on Friday. The stock’s fifty day simple moving average is $4.76 and its 200 day simple moving average is $4.89. Riskified Ltd. has a 1-year low of $3.94 and a 1-year high of $6.65. The stock has a market cap of $789.92 million, a PE ratio of -24.50 and a beta of 1.38.

Riskified (NYSE:RSKD) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. The company had revenue of $82.39 million for the quarter, compared to analyst estimates of $79.23 million. Riskified had a negative net margin of 10.72% and a negative return on equity of 6.00%. The company’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.04 earnings per share. Equities analysts forecast that Riskified Ltd. will post -0.15 earnings per share for the current year.

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.