Riskified Ltd. $RSKD Holdings Trimmed by Phoenix Financial Ltd.

Phoenix Financial Ltd. trimmed its position in shares of Riskified Ltd. (NYSE:RSKD) by 22.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,282,562 shares of the company’s stock after selling 1,784,000 shares during the period. Phoenix Financial Ltd. owned 3.90% of Riskified worth $31,350,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RSKD. Teacher Retirement System of Texas grew its position in Riskified by 61.3% during the 1st quarter. Teacher Retirement System of Texas now owns 39,280 shares of the company’s stock worth $181,000 after purchasing an additional 14,934 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Riskified by 21.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 110,012 shares of the company’s stock worth $508,000 after purchasing an additional 19,642 shares in the last quarter. MQS Management LLC purchased a new position in Riskified during the 1st quarter worth approximately $167,000. Connor Clark & Lunn Investment Management Ltd. grew its position in Riskified by 24.5% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 410,570 shares of the company’s stock worth $1,897,000 after purchasing an additional 80,725 shares in the last quarter. Finally, Invesco Ltd. purchased a new position in Riskified during the 1st quarter worth approximately $51,000. 58.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Piper Sandler lowered their price objective on shares of Riskified from $7.00 to $6.00 and set an “overweight” rating on the stock in a research report on Monday, August 18th. Keefe, Bruyette & Woods lowered their price target on shares of Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a report on Tuesday, August 19th. Weiss Ratings restated a “sell (d-)” rating on shares of Riskified in a report on Wednesday, October 8th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Riskified in a report on Wednesday, August 20th. Finally, DA Davidson lowered their price target on shares of Riskified from $6.50 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, August 19th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Riskified presently has a consensus rating of “Hold” and an average price target of $5.82.

Riskified Trading Up 1.4%

Shares of NYSE:RSKD opened at $4.70 on Tuesday. The stock has a market capitalization of $756.88 million, a PE ratio of -19.56 and a beta of 1.35. Riskified Ltd. has a 1 year low of $3.94 and a 1 year high of $5.99. The firm has a fifty day moving average price of $4.68 and a 200 day moving average price of $4.83.

Riskified (NYSE:RSKD) last issued its quarterly earnings data on Monday, August 18th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). The business had revenue of $81.06 million during the quarter, compared to the consensus estimate of $80.17 million. Riskified had a negative return on equity of 8.27% and a negative net margin of 11.70%.The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.04 earnings per share. Riskified has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Riskified Ltd. will post -0.15 earnings per share for the current fiscal 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.