Clal Insurance Enterprises Holdings Ltd Increases Stock Holdings in Riskified Ltd. (NYSE:RSKD)

Clal Insurance Enterprises Holdings Ltd increased its holdings in Riskified Ltd. (NYSE:RSKD) by 76.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,734,508 shares of the company’s stock after purchasing an additional 2,907,585 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in Riskified were worth $31,854,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. nVerses Capital LLC acquired a new position in Riskified during the second quarter worth about $29,000. Covestor Ltd lifted its stake in 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 buying an additional 7,543 shares in the last quarter. Valmark Advisers Inc. acquired a new stake in Riskified during the 2nd quarter valued at $104,000. Olympiad Research LP purchased a new position in Riskified during the third quarter worth $150,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Riskified in the second quarter worth $163,000. 58.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on RSKD shares. DA Davidson upgraded Riskified to a “hold” rating in a research report on Thursday, November 14th. Barclays lowered their price target on shares of Riskified from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Friday, August 16th. JPMorgan Chase & Co. upped their price objective on shares of Riskified from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. The Goldman Sachs Group lowered their target price on shares of Riskified from $6.00 to $4.50 and set a “sell” rating for the company in a research note on Thursday, August 15th. Finally, Keefe, Bruyette & Woods dropped their target price on Riskified from $5.50 to $5.25 and set a “market perform” rating for the company in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $5.91.

Riskified Stock Performance

NYSE RSKD opened at $4.70 on Friday. Riskified Ltd. has a one year low of $3.97 and a one year high of $6.64. The company’s 50 day moving average price is $4.56 and its 200 day moving average price is $5.36.

Riskified (NYSE:RSKD) last announced its quarterly earnings results on Wednesday, November 13th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. The firm had revenue of $78.80 million during the quarter, compared to the consensus estimate of $75.01 million. Riskified had a negative return on equity of 6.00% and a negative net margin of 10.72%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.12) EPS. Equities analysts anticipate that Riskified Ltd. will post -0.15 earnings per share for the current year.

Riskified 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.