Harvey Partners LLC Raises Stock Position in Riskified Ltd. $RSKD

Harvey Partners LLC lifted its holdings in shares of Riskified Ltd. (NYSE:RSKD) by 20.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,093,000 shares of the company’s stock after acquiring an additional 523,855 shares during the quarter. Harvey Partners LLC owned about 1.92% of Riskified worth $14,475,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in RSKD. Raymond James Financial Inc. acquired a new stake in Riskified in the 2nd quarter valued at $36,000. Virtu Financial LLC acquired a new position in shares of Riskified during the third quarter worth about $51,000. Invesco Ltd. purchased a new stake in shares of Riskified in the first quarter worth about $51,000. Orion Porfolio Solutions LLC purchased a new stake in shares of Riskified in the second quarter worth about $54,000. Finally, Savant Capital LLC acquired a new stake in shares of Riskified in the second quarter valued at about $57,000. 58.98% of the stock is owned by hedge funds and other institutional investors.

Riskified Price Performance

Shares of RSKD stock opened at $4.18 on Monday. The company’s fifty day moving average price is $4.52 and its two-hundred day moving average price is $4.69. The firm has a market capitalization of $618.53 million, a P/E ratio of -24.56 and a beta of 1.32. Riskified Ltd. has a 12 month low of $3.94 and a 12 month high of $5.68.

Riskified (NYSE:RSKD) last announced its earnings results on Wednesday, March 4th. The company reported $0.12 earnings per share for the quarter, beating 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. On average, sell-side analysts anticipate that Riskified Ltd. will post -0.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on RSKD. Truist Financial dropped their target price on Riskified from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Riskified in a report on Monday, December 29th. Finally, Wall Street Zen raised shares of Riskified from a “hold” rating to a “buy” rating in a research report on Sunday. Three research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.96.

Riskified 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.