Riskified Ltd. (NYSE:RSKD) Short Interest Update

Riskified Ltd. (NYSE:RSKD) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 1,260,000 shares, a growth of 49.9% from the February 28th total of 840,400 shares. Based on an average daily volume of 527,600 shares, the short-interest ratio is currently 2.4 days. Approximately 1.5% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

RSKD has been the subject of several research analyst reports. The Goldman Sachs Group boosted their price objective on shares of Riskified from $4.00 to $4.50 and gave the stock a “sell” rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. cut their price target on Riskified from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Monday, March 10th. Piper Sandler reiterated an “overweight” rating and issued a $7.00 price objective on shares of Riskified in a research report on Monday, March 17th. Finally, DA Davidson raised Riskified from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $5.00 to $7.00 in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $5.78.

Riskified Stock Down 3.7 %

NYSE RSKD traded down $0.18 on Friday, reaching $4.59. The company had a trading volume of 658,090 shares, compared to its average volume of 652,760. Riskified has a 52 week low of $4.14 and a 52 week high of $6.65. The stock’s 50 day moving average is $5.11 and its 200-day moving average is $4.83. The stock has a market cap of $740.27 million, a price-to-earnings ratio of -22.96 and a beta of 1.37.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC acquired a new stake in Riskified in the fourth quarter worth $38,000. Group One Trading LLC lifted its holdings in Riskified by 4,503.5% during the fourth quarter. Group One Trading LLC now owns 8,719 shares of the company’s stock worth $41,000 after acquiring an additional 8,917 shares in the last quarter. Bayesian Capital Management LP acquired a new position in Riskified in the fourth quarter valued at about $56,000. Cubist Systematic Strategies LLC bought a new stake in shares of Riskified in the fourth quarter worth about $74,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Riskified during the fourth quarter worth about $88,000. Institutional investors own 58.98% of the company’s stock.

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.