Penn Capital Management Company LLC Lowers Position in Riskified Ltd. $RSKD

Penn Capital Management Company LLC trimmed its position in shares of Riskified Ltd. (NYSE:RSKD) by 65.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 109,396 shares of the company’s stock after selling 209,620 shares during the quarter. Penn Capital Management Company LLC owned 0.07% of Riskified worth $512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in RSKD. ARK Investment Management LLC raised its holdings in shares of Riskified by 1.2% in the third quarter. ARK Investment Management LLC now owns 368,310 shares of the company’s stock valued at $1,724,000 after purchasing an additional 4,248 shares during the last quarter. California State Teachers Retirement System boosted its holdings in Riskified by 5.5% during the second quarter. California State Teachers Retirement System now owns 93,086 shares of the company’s stock worth $464,000 after purchasing an additional 4,826 shares during the last quarter. Newport Capital Group LLC boosted its holdings in Riskified by 22.1% during the third quarter. Newport Capital Group LLC now owns 38,456 shares of the company’s stock worth $180,000 after purchasing an additional 6,956 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Riskified in the 2nd quarter worth about $36,000. Finally, Orion Porfolio Solutions LLC bought a new stake in Riskified in the 2nd quarter worth about $54,000. Institutional investors own 58.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Truist Financial dropped their target price on shares of Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a report on Monday, December 29th. Finally, Wall Street Zen upgraded Riskified from a “hold” rating to a “buy” rating in a report on Sunday. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Riskified presently has a consensus rating of “Hold” and a consensus price target of $5.96.

Riskified Price Performance

Shares of RSKD opened at $4.30 on Thursday. The firm has a market cap of $636.30 million, a PE ratio of -25.26 and a beta of 1.33. The stock’s fifty day moving average price is $4.48 and its two-hundred day moving average price is $4.68. Riskified Ltd. has a 1 year low of $3.94 and a 1 year high of $5.68.

Riskified (NYSE:RSKD) last posted its quarterly earnings results on Wednesday, March 4th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. Riskified had a negative return on equity of 5.63% and a negative net margin of 8.00%.The company had revenue of $99.33 million during the quarter, compared to the consensus estimate of $97.21 million. Sell-side analysts anticipate that Riskified Ltd. will post -0.15 earnings per share for the current fiscal year.

Riskified Company Profile

Riskified is a technology company specializing in e-commerce fraud prevention and revenue optimization for online merchants. Its platform combines machine learning, behavioral analytics and proprietary risk models to assess the legitimacy of transactions in real time. By offering a chargeback guarantee, Riskified assumes the financial liability for approved orders that later turn out to be fraudulent, allowing retailers to focus on growth rather than dispute management.

The company’s core product suite addresses various aspects of the online shopping lifecycle, including order approval, account takeover protection and policy compliance.