Phoenix Financial Ltd. Has $31.35 Million Stake in Riskified Ltd. $RSKD

Phoenix Financial Ltd. decreased its position in shares of Riskified Ltd. (NYSE:RSKD) by 22.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,282,562 shares of the company’s stock after selling 1,784,000 shares during the period. Phoenix Financial Ltd.’s holdings in Riskified were worth $31,350,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RSKD. Invesco Ltd. acquired a new position in Riskified during the 1st quarter worth $51,000. MQS Management LLC acquired a new position in Riskified during the 1st quarter worth $167,000. Teacher Retirement System of Texas lifted its position in Riskified by 61.3% during the 1st quarter. Teacher Retirement System of Texas now owns 39,280 shares of the company’s stock worth $181,000 after acquiring an additional 14,934 shares during the last quarter. Nuveen LLC acquired a new position in Riskified during the 1st quarter worth $362,000. Finally, Russell Investments Group Ltd. lifted its position in Riskified by 81.9% during the 1st quarter. Russell Investments Group Ltd. now owns 81,037 shares of the company’s stock worth $374,000 after acquiring an additional 36,478 shares during the last quarter. Institutional investors and hedge funds own 58.98% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Riskified in a research report on Wednesday, August 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a research report on Wednesday, October 8th. UBS Group cut their price objective on shares of Riskified from $5.75 to $5.00 and set a “neutral” rating for the company in a research report on Tuesday, August 19th. Wall Street Zen raised shares of Riskified from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Finally, DA Davidson cut their price objective on shares of Riskified from $6.50 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, August 19th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Riskified currently has a consensus rating of “Hold” and a consensus target price of $5.82.

Riskified Stock Up 1.4%

NYSE RSKD opened at $4.70 on Tuesday. The stock has a market cap of $756.88 million, a P/E ratio of -19.56 and a beta of 1.35. The company’s 50-day simple moving average is $4.68 and its 200 day simple moving average is $4.83. Riskified Ltd. has a twelve month low of $3.94 and a twelve month high of $5.99.

Riskified (NYSE:RSKD) last posted its earnings results on Monday, August 18th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). The business had revenue of $81.06 million during the quarter, compared to the consensus estimate of $80.17 million. Riskified had a negative net margin of 11.70% and a negative return on equity of 8.27%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.04 EPS. Riskified has set its FY 2025 guidance at EPS. Research analysts anticipate that Riskified Ltd. will post -0.15 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.