Harbor Capital Advisors Inc. Acquires 65,653 Shares of Riskified Ltd. (NYSE:RSKD)

Harbor Capital Advisors Inc. lifted its holdings in Riskified Ltd. (NYSE:RSKD) by 181.2% in the 2nd quarter, Holdings Channel reports. The firm owned 101,895 shares of the company’s stock after buying an additional 65,653 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Riskified were worth $651,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of RSKD. Covestor Ltd grew its position in shares of Riskified by 2,522.7% in the first quarter. Covestor Ltd now owns 7,842 shares of the company’s stock valued at $43,000 after purchasing an additional 7,543 shares during the last quarter. Aigen Investment Management LP bought a new stake in Riskified during the 4th quarter valued at approximately $84,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Riskified by 41.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,082 shares of the company’s stock valued at $122,000 after buying an additional 7,609 shares during the last quarter. Y.D. More Investments Ltd increased its position in Riskified by 29.1% in the 4th quarter. Y.D. More Investments Ltd now owns 35,248 shares of the company’s stock worth $152,000 after buying an additional 7,938 shares during the period. Finally, Lord Abbett & CO. LLC bought a new stake in shares of Riskified in the first quarter valued at approximately $204,000. 58.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on RSKD shares. UBS Group increased their price target on shares of Riskified from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. Keefe, Bruyette & Woods upped their target price on Riskified from $5.75 to $6.00 and gave the company a “market perform” rating in a research note on Thursday, May 16th. Barclays boosted their price target on shares of Riskified from $5.00 to $6.00 and gave the company an “equal weight” rating in a report on Monday, May 20th. The Goldman Sachs Group downgraded shares of Riskified from a “neutral” rating to a “sell” rating and set a $6.00 price objective for the company. in a report on Wednesday, July 10th. Finally, Truist Financial reissued a “buy” rating and issued a $8.00 target price (up previously from $7.50) on shares of Riskified in a research note on Thursday, May 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $6.75.

Riskified Trading Down 0.2 %

Shares of Riskified stock traded down $0.01 during mid-day trading on Wednesday, reaching $5.75. 712,530 shares of the stock were exchanged, compared to its average volume of 674,390. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -18.58 and a beta of 1.40. Riskified Ltd. has a fifty-two week low of $3.48 and a fifty-two week high of $6.64. The firm has a 50-day simple moving average of $6.23 and a 200 day simple moving average of $5.49.

Riskified (NYSE:RSKD) last issued its quarterly earnings data on Wednesday, May 15th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.01. The firm had revenue of $76.41 million during the quarter, compared to the consensus estimate of $75.40 million. Riskified had a negative return on equity of 9.55% and a negative net margin of 17.28%. On average, research analysts predict that Riskified Ltd. will post -0.17 EPS for the current fiscal year.

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.