Riskified Ltd. (NYSE:RSKD) Short Interest Update

Riskified Ltd. (NYSE:RSKD) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 1,260,000 shares, a growth of 49.9% from the February 28th total of 840,400 shares. Currently, 1.5% of the shares of the company are short sold. Based on an average trading volume of 527,600 shares, the days-to-cover ratio is presently 2.4 days.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. DA Davidson upgraded Riskified from a “neutral” rating to a “buy” rating and increased their target price for the company from $5.00 to $7.00 in a research report on Monday, March 3rd. JPMorgan Chase & Co. cut their target price on Riskified from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Monday, March 10th. Piper Sandler restated an “overweight” rating and issued a $7.00 price target on shares of Riskified in a research report on Monday, March 17th. Finally, The Goldman Sachs Group boosted their price objective on shares of Riskified from $4.00 to $4.50 and gave the company a “sell” rating in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Riskified presently has a consensus rating of “Hold” and a consensus target price of $5.78.

Riskified Stock Performance

Shares of NYSE RSKD traded up $0.02 during midday trading on Monday, reaching $4.62. 558,702 shares of the stock were exchanged, compared to its average volume of 652,385. The stock has a market capitalization of $743.98 million, a P/E ratio of -23.07 and a beta of 1.37. Riskified has a twelve month low of $4.14 and a twelve month high of $6.65. The company has a 50 day simple moving average of $5.11 and a 200 day simple moving average of $4.83.

Hedge Funds Weigh In On Riskified

Institutional investors have recently modified their holdings of the business. Quantbot Technologies LP acquired a new position in Riskified in the third quarter valued at $120,000. PDT Partners LLC grew its stake in Riskified by 37.2% during the 3rd quarter. PDT Partners LLC now owns 97,317 shares of the company’s stock valued at $460,000 after purchasing an additional 26,365 shares in the last quarter. Josh Arnold Investment Consultant LLC acquired a new position in Riskified in the third quarter worth $378,000. Clearline Capital LP grew its stake in Riskified by 10.3% during the 3rd quarter. Clearline Capital LP now owns 1,853,922 shares of the company’s stock worth $8,769,000 after buying an additional 173,694 shares during the last quarter. Finally, Harvey Partners LLC grew its stake in shares of Riskified by 9.7% in the third quarter. Harvey Partners LLC now owns 3,227,500 shares of the company’s stock worth $15,266,000 after purchasing an additional 286,500 shares in the last quarter. Institutional investors and hedge funds own 58.98% of the company’s stock.

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.