Invenomic Capital Management LP Has $4.13 Million Stock Holdings in Riskified Ltd. (NYSE:RSKD)

Invenomic Capital Management LP increased its stake in shares of Riskified Ltd. (NYSE:RSKD) by 29.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 763,203 shares of the company’s stock after purchasing an additional 174,953 shares during the quarter. Invenomic Capital Management LP’s holdings in Riskified were worth $4,129,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Covestor Ltd boosted its stake in shares of Riskified by 2,522.7% in the 1st 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 shares of Riskified in the 4th quarter valued at $84,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of 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 purchasing an additional 7,609 shares during the last quarter. Y.D. More Investments Ltd boosted its stake in shares of Riskified by 29.1% in the 4th quarter. Y.D. More Investments Ltd now owns 35,248 shares of the company’s stock valued at $152,000 after purchasing an additional 7,938 shares during the last quarter. Finally, Cornerstone Investment Partners LLC bought a new stake in shares of Riskified in the 4th quarter valued at $182,000. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on RSKD shares. Piper Sandler upped their price objective on shares of Riskified from $7.00 to $8.00 and gave the company an “overweight” rating in a research note on Thursday, May 16th. Truist Financial reissued a “buy” rating and set a $8.00 target price (up from $7.50) on shares of Riskified in a research note on Thursday, May 16th. JPMorgan Chase & Co. increased their target price on shares of Riskified from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Thursday, May 16th. The Goldman Sachs Group lowered shares of Riskified from a “neutral” rating to a “sell” rating and set a $6.00 target price on the stock. in a research note on Wednesday, July 10th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Riskified from $5.75 to $6.00 and gave the stock a “market perform” rating in a research note on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $6.75.

Riskified Stock Performance

Shares of Riskified stock traded up $0.13 during trading hours on Wednesday, reaching $6.34. The company’s stock had a trading volume of 215,147 shares, compared to its average volume of 667,820. Riskified Ltd. has a one year low of $3.48 and a one year high of $6.64. The company has a market capitalization of $1.13 billion, a P/E ratio of -20.02 and a beta of 1.40. The stock’s fifty day simple moving average is $6.25 and its two-hundred day simple moving average is $5.44.

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

Riskified Company 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.