Bronte Capital Management Pty Ltd. Has $2.39 Million Stake in Riskified Ltd. (NYSE:RSKD)

Bronte Capital Management Pty Ltd. lessened its position in shares of Riskified Ltd. (NYSE:RSKD) by 0.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 510,154 shares of the company’s stock after selling 2,951 shares during the quarter. Riskified accounts for approximately 0.2% of Bronte Capital Management Pty Ltd.’s investment portfolio, making the stock its 25th largest holding. Bronte Capital Management Pty Ltd.’s holdings in Riskified were worth $2,388,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Acuitas Investments LLC bought a new stake in shares of Riskified in the 3rd quarter valued at approximately $569,000. Allspring Global Investments Holdings LLC boosted its position in Riskified by 3.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,629,935 shares of the company’s stock valued at $7,302,000 after buying an additional 56,792 shares in the last quarter. Jennison Associates LLC bought a new stake in Riskified during the third quarter worth about $7,805,000. Industry Ventures L.L.C. acquired a new stake in shares of Riskified during the third quarter worth approximately $1,558,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its holdings in Riskified by 78.6% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,826,923 shares of the company’s stock valued at $16,390,000 after purchasing an additional 1,684,202 shares in the last quarter. 58.98% of the stock is currently owned by institutional investors.

Riskified Price Performance

NYSE:RSKD traded down $0.16 during trading hours on Thursday, reaching $5.04. 1,276,931 shares of the company were exchanged, compared to its average volume of 557,671. The business has a 50 day moving average of $5.16 and a 200 day moving average of $4.62. The company has a market capitalization of $898.48 million, a P/E ratio of -14.97 and a beta of 1.31. Riskified Ltd. has a 1-year low of $3.48 and a 1-year high of $5.64.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on RSKD shares. The Goldman Sachs Group increased 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 began coverage on shares of Riskified in a research note on Tuesday, April 9th. They issued a “market perform” rating and a $5.75 price target on the stock. DA Davidson restated a “neutral” rating and set a $5.00 price objective on shares of Riskified in a report on Wednesday, March 6th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $7.00 price target on shares of Riskified in a research report on Friday, April 12th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Riskified presently has an average rating of “Hold” and an average target price of $5.66.

About Riskified

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.