Savant Capital LLC Buys New Position in Riskified Ltd. $RSKD

Savant Capital LLC purchased a new position in shares of Riskified Ltd. (NYSE:RSKD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,515 shares of the company’s stock, valued at approximately $57,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Invesco Ltd. acquired a new stake in Riskified in the first quarter valued at approximately $51,000. Trexquant Investment LP boosted its stake in shares of Riskified by 4.3% in the first quarter. Trexquant Investment LP now owns 336,666 shares of the company’s stock valued at $1,555,000 after purchasing an additional 13,994 shares during the period. MQS Management LLC grew its holdings in Riskified by 42.6% during the 2nd quarter. MQS Management LLC now owns 51,512 shares of the company’s stock valued at $257,000 after purchasing an additional 15,393 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Riskified by 21.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 110,012 shares of the company’s stock valued at $508,000 after purchasing an additional 19,642 shares in the last quarter. Finally, Brookwood Investment Group LLC purchased a new stake in Riskified during the 2nd quarter worth $100,000. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Riskified Price Performance

Riskified stock opened at $4.81 on Friday. Riskified Ltd. has a 12 month low of $3.94 and a 12 month high of $5.99. The company has a fifty day moving average price of $4.73 and a two-hundred day moving average price of $4.89. The company has a market cap of $774.61 million, a PE ratio of -20.89 and a beta of 1.36.

Riskified (NYSE:RSKD) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Riskified had a negative net margin of 11.04% and a negative return on equity of 8.12%. The company had revenue of $81.86 million for the quarter, compared to the consensus estimate of $80.25 million. During the same period last year, the firm posted $0.03 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Riskified has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Riskified Ltd. will post -0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. raised shares of Riskified from an “underweight” rating to a “neutral” rating and set a $6.00 price objective for the company in a research report on Friday, November 14th. Piper Sandler reduced their price target on Riskified from $7.00 to $6.00 and set an “overweight” rating for the company in a report on Monday, August 18th. DA Davidson restated a “buy” rating and set a $6.00 price objective on shares of Riskified in a report on Thursday, November 13th. Keefe, Bruyette & Woods cut their target price on Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a research report on Tuesday, August 19th. Finally, Wall Street Zen raised shares of Riskified from a “hold” rating to a “buy” rating in a research report on Sunday, November 16th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Riskified currently has an average rating of “Hold” and a consensus price target of $5.89.

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.