Nuveen LLC Takes $362,000 Position in Riskified Ltd. $RSKD

Nuveen LLC acquired a new stake in shares of Riskified Ltd. (NYSE:RSKD) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 78,369 shares of the company’s stock, valued at approximately $362,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Invesco Ltd. acquired a new stake in shares of Riskified during the 1st quarter valued at $51,000. Connor Clark & Lunn Investment Management Ltd. grew its position in Riskified by 24.5% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 410,570 shares of the company’s stock worth $1,897,000 after purchasing an additional 80,725 shares in the last quarter. MQS Management LLC purchased a new position in Riskified during the 1st quarter worth approximately $167,000. Envestnet Asset Management Inc. grew its position in Riskified by 21.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 110,012 shares of the company’s stock worth $508,000 after purchasing an additional 19,642 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in shares of Riskified by 61.3% in the first quarter. Teacher Retirement System of Texas now owns 39,280 shares of the company’s stock valued at $181,000 after purchasing an additional 14,934 shares in the last quarter. Institutional investors and hedge funds own 58.98% of the company’s stock.

Riskified Trading Up 1.2%

RSKD opened at $4.63 on Friday. The stock has a market cap of $745.60 million, a price-to-earnings ratio of -19.27 and a beta of 1.36. Riskified Ltd. has a 1 year low of $3.94 and a 1 year high of $5.99. The stock has a fifty day moving average price of $5.01 and a 200 day moving average price of $4.87.

Riskified (NYSE:RSKD) last released its quarterly earnings data on Monday, August 18th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.09). Riskified had a negative net margin of 11.70% and a negative return on equity of 8.27%. The business had revenue of $81.06 million during the quarter, compared to analyst estimates of $80.17 million. During the same period in the previous year, the firm posted $0.04 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Riskified has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Riskified Ltd. will post -0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Keefe, Bruyette & Woods decreased their target price on Riskified from $5.50 to $5.25 and set a “market perform” rating for the company in a research report on Tuesday, August 19th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Riskified in a research report on Wednesday, August 20th. Piper Sandler decreased their target price on Riskified from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Monday, August 18th. UBS Group decreased their target price on Riskified from $5.75 to $5.00 and set a “neutral” rating for the company in a research report on Tuesday, August 19th. Finally, DA Davidson decreased their target price on Riskified from $6.50 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, August 19th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $5.82.

Riskified Company 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.