Lord Abbett & CO. LLC bought a new position in shares of Riskified Ltd (NYSE:RSKD) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 1,043,001 shares of the company’s stock, valued at approximately $23,791,000. Lord Abbett & CO. LLC owned 0.66% of Riskified at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Stratos Wealth Partners LTD. acquired a new position in shares of Riskified in the 3rd quarter worth approximately $291,000. Phoenix Holdings Ltd. bought a new stake in Riskified during the third quarter valued at $142,253,000. Commonwealth Equity Services LLC bought a new position in shares of Riskified in the 3rd quarter worth about $309,000. New York State Common Retirement Fund acquired a new position in shares of Riskified in the 3rd quarter valued at about $635,000. Finally, Kornitzer Capital Management Inc. KS bought a new stake in shares of Riskified during the 3rd quarter valued at about $19,933,000. Hedge funds and other institutional investors own 21.46% of the company’s stock.
A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded Riskified from a “sell” rating to a “hold” rating in a report on Wednesday, November 10th. Credit Suisse Group reduced their price target on shares of Riskified from $34.00 to $22.00 and set an “outperform” rating for the company in a report on Wednesday, November 17th. Piper Sandler dropped their price objective on shares of Riskified from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday. KeyCorp reduced their target price on Riskified from $18.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday. Finally, The Goldman Sachs Group began coverage on Riskified in a research note on Friday, December 10th. They set a “sell” rating and a $9.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $24.67.
Riskified (NYSE:RSKD) last released its quarterly earnings results on Monday, November 15th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.32. The business had revenue of $52.53 million during the quarter, compared to analyst estimates of $51.04 million. Riskified had a negative return on equity of 106.42% and a negative net margin of 71.67%. As a group, equities research analysts predict that Riskified Ltd will post -0.59 EPS for the current year.
Riskified Ltd. provides fraud management platform enabling frictionless eCommerce. The company’s platform identifies the individual behind each online interaction, helping merchants Riskified’s customers eliminate risk and uncertainty from their business. Riskified Ltd. is based in NEW YORK.
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