Riskified Ltd. (NYSE:RSKD) is 272 Capital LP’s 5th Largest Position

272 Capital LP lessened its position in shares of Riskified Ltd. (NYSE:RSKD) by 46.3% during the 2nd quarter, Holdings Channel reports. The firm owned 1,253,094 shares of the company’s stock after selling 1,079,449 shares during the quarter. Riskified comprises 4.0% of 272 Capital LP’s portfolio, making the stock its 5th largest holding. 272 Capital LP’s holdings in Riskified were worth $8,007,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. nVerses Capital LLC purchased a new position in shares of Riskified during the second quarter worth $29,000. Covestor Ltd raised its stake in shares of Riskified by 2,522.7% during the 1st quarter. Covestor Ltd now owns 7,842 shares of the company’s stock valued at $43,000 after buying an additional 7,543 shares during the last quarter. Aigen Investment Management LP purchased a new position in shares of Riskified during the 4th quarter valued at about $84,000. Valmark Advisers Inc. purchased a new stake in shares of Riskified in the second quarter worth about $104,000. Finally, Lord Abbett & CO. LLC acquired a new stake in Riskified during the first quarter worth about $204,000. 58.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on RSKD shares. Piper Sandler dropped their price target on shares of Riskified from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Thursday, August 15th. DA Davidson upgraded Riskified to a “hold” rating in a research report on Wednesday, September 11th. Truist Financial decreased their target price on Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. The Goldman Sachs Group cut their price target on shares of Riskified from $6.00 to $4.50 and set a “sell” rating for the company in a report on Thursday, August 15th. Finally, UBS Group decreased their price objective on shares of Riskified from $6.00 to $4.75 and set a “neutral” rating on the stock in a report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $6.03.

Riskified Stock Performance

Shares of RSKD opened at $4.75 on Tuesday. The stock has a 50 day moving average price of $5.35 and a 200 day moving average price of $5.57. Riskified Ltd. has a one year low of $3.48 and a one year high of $6.64. The stock has a market capitalization of $846.81 million, a price-to-earnings ratio of -15.32 and a beta of 1.37.

Riskified (NYSE:RSKD) last released its earnings results on Wednesday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $78.73 million during the quarter, compared to analyst estimates of $78.33 million. Riskified had a negative net margin of 14.57% and a negative return on equity of 8.33%. On average, analysts predict that Riskified Ltd. will post -0.17 earnings per share for the current 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.