Allspring Global Investments Holdings LLC Has $4.23 Million Position in Riskified Ltd. (NYSE:RSKD)

Allspring Global Investments Holdings LLC cut its position in shares of Riskified Ltd. (NYSE:RSKD) by 44.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 904,424 shares of the company’s stock after selling 725,511 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Riskified were worth $4,233,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Quarry LP acquired a new position in Riskified during the first quarter worth approximately $25,000. Bank of America Corp DE increased its holdings in shares of Riskified by 173.9% during the 1st quarter. Bank of America Corp DE now owns 5,081 shares of the company’s stock worth $29,000 after acquiring an additional 3,226 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in Riskified during the 2nd quarter valued at $47,000. Hsbc Holdings PLC acquired a new stake in Riskified during the 3rd quarter valued at $48,000. Finally, Legal & General Group Plc bought a new position in Riskified during the fourth quarter worth $49,000. 58.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Riskified Stock Performance

Riskified stock opened at $4.87 on Friday. The stock’s fifty day moving average price is $5.01 and its two-hundred day moving average price is $4.50. Riskified Ltd. has a one year low of $3.48 and a one year high of $5.64.

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

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.