Riskified (NYSE:RSKD) Sets New 1-Year Low – Here’s Why

Riskified Ltd. (NYSE:RSKD) shares hit a new 52-week low during trading on Thursday . The company traded as low as $3.92 and last traded at $3.9250, with a volume of 693059 shares changing hands. The stock had previously closed at $4.02.

Analyst Ratings Changes

RSKD has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Riskified in a report on Monday, December 29th. Truist Financial reduced their price objective on Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Finally, Wall Street Zen upgraded Riskified from a “hold” rating to a “buy” rating in a research note on Sunday, March 15th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $5.96.

Riskified Stock Down 2.6%

The stock has a fifty day moving average price of $4.41 and a two-hundred day moving average price of $4.66. The company has a market cap of $580.01 million, a price-to-earnings ratio of -23.03 and a beta of 1.33.

Riskified (NYSE:RSKD) last released its quarterly earnings results on Wednesday, March 4th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. Riskified had a negative net margin of 8.00% and a negative return on equity of 5.63%. The business had revenue of $99.33 million for the quarter, compared to the consensus estimate of $97.21 million. Analysts predict that Riskified Ltd. will post -0.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in RSKD. Clearline Capital LP raised its position in shares of Riskified by 23.8% in the third quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock valued at $14,536,000 after buying an additional 597,765 shares in the last quarter. Harvey Partners LLC grew its position in Riskified by 20.4% during the third quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock worth $14,475,000 after buying an additional 523,855 shares in the last quarter. Nuveen LLC increased its stake in Riskified by 3.3% during the 4th quarter. Nuveen LLC now owns 1,476,002 shares of the company’s stock worth $7,336,000 after acquiring an additional 47,464 shares during the period. Monimus Capital Management LP raised its holdings in Riskified by 13.2% in the 4th quarter. Monimus Capital Management LP now owns 1,404,744 shares of the company’s stock valued at $6,982,000 after acquiring an additional 164,302 shares in the last quarter. Finally, TFJ Management LLC raised its holdings in Riskified by 31.7% in the 3rd quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock valued at $6,524,000 after acquiring an additional 335,399 shares in the last quarter. 58.98% of the stock is owned by institutional investors.

About Riskified

Riskified is a technology company specializing in e-commerce fraud prevention and revenue optimization for online merchants. Its platform combines machine learning, behavioral analytics and proprietary risk models to assess the legitimacy of transactions in real time. By offering a chargeback guarantee, Riskified assumes the financial liability for approved orders that later turn out to be fraudulent, allowing retailers to focus on growth rather than dispute management.

The company’s core product suite addresses various aspects of the online shopping lifecycle, including order approval, account takeover protection and policy compliance.