Jennison Associates LLC Decreases Holdings in Riskified Ltd. (NYSE:RSKD)

Jennison Associates LLC trimmed its holdings in shares of Riskified Ltd. (NYSE:RSKD) by 3.9% in the fourth quarter, Holdings Channel reports. The firm owned 1,674,773 shares of the company’s stock after selling 67,338 shares during the period. Jennison Associates LLC’s holdings in Riskified were worth $7,838,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Investment Partners LLC acquired a new position in Riskified in the 4th quarter worth $182,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Riskified by 41.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,082 shares of the company’s stock worth $122,000 after buying an additional 7,609 shares in the last quarter. ARK Investment Management LLC lifted its holdings in Riskified by 6.6% in the 4th quarter. ARK Investment Management LLC now owns 496,375 shares of the company’s stock worth $2,323,000 after buying an additional 30,581 shares in the last quarter. Citigroup Inc. lifted its holdings in Riskified by 16.6% in the 3rd quarter. Citigroup Inc. now owns 74,249 shares of the company’s stock worth $333,000 after buying an additional 10,588 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in Riskified by 75.1% in the 3rd quarter. GSA Capital Partners LLP now owns 163,798 shares of the company’s stock worth $734,000 after buying an additional 70,238 shares in the last quarter. 58.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RSKD. The Goldman Sachs Group boosted their price objective on shares of Riskified from $4.50 to $5.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. Keefe, Bruyette & Woods initiated coverage on shares of Riskified in a research note on Tuesday, April 9th. They issued a “market perform” rating and a $5.75 target price on the stock. DA Davidson restated a “neutral” rating and issued a $5.00 target price on shares of Riskified in a research note on Wednesday, March 6th. Finally, Piper Sandler restated an “overweight” rating and issued a $7.00 target price on shares of Riskified in a research note on Friday, April 12th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.66.

Riskified Trading Up 3.2 %

RSKD opened at $5.18 on Friday. Riskified Ltd. has a fifty-two week low of $3.48 and a fifty-two week high of $5.64. The company’s 50-day moving average price is $5.05 and its 200 day moving average price is $4.53.

Riskified (NYSE:RSKD) last released its quarterly earnings data on Tuesday, March 5th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.04. The firm had revenue of $84.07 million for the quarter, compared to analyst estimates of $83.87 million. Riskified had a negative net margin of 19.84% and a negative return on equity of 11.04%. Equities analysts expect that Riskified Ltd. will post -0.18 EPS for the current fiscal 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.