Barclays PLC Acquires 20,213 Shares of Riskified Ltd. (NYSE:RSKD)

Barclays PLC increased its holdings in Riskified Ltd. (NYSE:RSKD) by 106.6% in the third quarter, HoldingsChannel reports. The firm owned 39,174 shares of the company’s stock after purchasing an additional 20,213 shares during the period. Barclays PLC’s holdings in Riskified were worth $186,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of RSKD. Quantbot Technologies LP acquired a new stake in shares of Riskified in the third quarter worth $120,000. Olympiad Research LP acquired a new position in Riskified during the 3rd quarter worth $150,000. Squarepoint Ops LLC bought a new stake in Riskified during the second quarter valued at about $163,000. State of New Jersey Common Pension Fund D bought a new stake in Riskified during the second quarter valued at about $208,000. Finally, Sei Investments Co. grew its position in shares of Riskified by 110.8% in the second quarter. Sei Investments Co. now owns 34,991 shares of the company’s stock valued at $224,000 after purchasing an additional 18,392 shares during the last quarter. 58.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on RSKD. Keefe, Bruyette & Woods decreased their target price on Riskified from $5.50 to $5.25 and set a “market perform” rating for the company in a research note on Thursday, November 14th. Piper Sandler reissued an “overweight” rating and issued a $7.00 price objective on shares of Riskified in a research report on Thursday, November 14th. UBS Group dropped their target price on shares of Riskified from $4.75 to $4.50 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. The Goldman Sachs Group reduced their price target on shares of Riskified from $4.50 to $4.00 and set a “sell” rating for the company in a report on Monday, December 2nd. Finally, DA Davidson upgraded shares of Riskified to a “hold” rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Riskified currently has a consensus rating of “Hold” and a consensus target price of $5.84.

Riskified Price Performance

Shares of Riskified stock opened at $4.82 on Tuesday. Riskified Ltd. has a 52-week low of $4.14 and a 52-week high of $6.64. The firm has a market capitalization of $859.29 million, a PE ratio of -24.10 and a beta of 1.37. The company’s fifty day moving average price is $4.71 and its two-hundred day moving average price is $5.11.

Riskified (NYSE:RSKD) last posted its earnings results on Wednesday, November 13th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $78.80 million for the quarter, compared to analysts’ expectations of $75.01 million. Riskified had a negative net margin of 10.72% and a negative return on equity of 6.00%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.12) earnings per share. Analysts predict that Riskified Ltd. will post -0.15 earnings per share for the current fiscal year.

Riskified announced that its Board of Directors has approved a stock buyback plan on Wednesday, November 13th that authorizes the company to repurchase $75.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

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.