Riskified Ltd. $RSKD Position Boosted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its stake in shares of Riskified Ltd. (NYSE:RSKD) by 17.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,104,694 shares of the company’s stock after purchasing an additional 165,947 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Riskified were worth $5,512,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Invesco Ltd. bought a new position in shares of Riskified during the first quarter worth about $51,000. MQS Management LLC bought a new position in shares of Riskified during the first quarter worth about $167,000. Teacher Retirement System of Texas lifted its position in shares of Riskified by 61.3% during the first 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 during the last quarter. Nuveen LLC bought a new position in shares of Riskified during the first quarter worth about $362,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Riskified by 81.9% during the first quarter. Russell Investments Group Ltd. now owns 81,037 shares of the company’s stock worth $374,000 after purchasing an additional 36,478 shares during the last quarter. Institutional investors own 58.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wall Street Zen raised shares of Riskified from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. UBS Group cut their target price on shares of Riskified from $5.75 to $5.00 and set a “neutral” rating on the stock in a report on Tuesday, August 19th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Riskified in a report on Wednesday, August 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Riskified in a report on Wednesday, October 8th. Finally, DA Davidson cut their target price 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 analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Riskified has an average rating of “Hold” and a consensus price target of $5.82.

Riskified Stock Performance

Shares of NYSE:RSKD opened at $4.70 on Tuesday. The stock has a market capitalization of $756.88 million, a price-to-earnings 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 company has a 50 day moving average price of $4.68 and a 200 day moving average price of $4.83.

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

Riskified 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.