Y.D. More Investments Ltd Grows Stock Position in Riskified Ltd. (NYSE:RSKD)

Y.D. More Investments Ltd boosted its stake in shares of Riskified Ltd. (NYSE:RSKD) by 29.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 35,248 shares of the company’s stock after buying an additional 7,938 shares during the period. Y.D. More Investments Ltd’s holdings in Riskified were worth $152,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd increased its stake in Riskified by 78.6% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,826,923 shares of the company’s stock worth $16,390,000 after purchasing an additional 1,684,202 shares during the period. Jennison Associates LLC purchased a new stake in Riskified in the third quarter worth $7,805,000. Allspring Global Investments Holdings LLC increased its stake in Riskified by 3.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,629,935 shares of the company’s stock worth $7,302,000 after purchasing an additional 56,792 shares during the period. Rubric Capital Management LP bought a new stake in Riskified during the third quarter valued at about $7,214,000. Finally, Hamilton Lane Advisors LLC boosted its holdings in Riskified by 83.3% in the third quarter. Hamilton Lane Advisors LLC now owns 1,067,505 shares of the company’s stock worth $4,782,000 after acquiring an additional 485,248 shares in the last quarter. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Riskified Stock Performance

RSKD stock opened at $5.17 on Thursday. The stock’s fifty day simple moving average is $5.08 and its 200-day simple moving average is $4.56. Riskified Ltd. has a 52-week low of $3.48 and a 52-week high of $5.64.

Riskified (NYSE:RSKD) last issued its quarterly earnings data on Tuesday, March 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.04. Riskified had a negative return on equity of 11.04% and a negative net margin of 19.84%. The business had revenue of $84.07 million during the quarter, compared to the consensus estimate of $83.87 million. Equities research analysts predict that Riskified Ltd. will post -0.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RSKD has been the subject of several recent analyst reports. Keefe, Bruyette & Woods initiated coverage on Riskified in a report on Tuesday, April 9th. They issued a “market perform” rating and a $5.75 price target for the company. DA Davidson reissued a “neutral” rating and issued a $5.00 price target on shares of Riskified in a report on Wednesday, March 6th. Piper Sandler restated an “overweight” rating and issued a $7.00 price objective on shares of Riskified in a research note on Friday, April 12th. Finally, The Goldman Sachs Group raised their price objective on Riskified from $4.50 to $5.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Riskified has a consensus rating of “Hold” and a consensus target price of $5.66.

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.