Cornerstone Investment Partners LLC Takes Position in Riskified Ltd. (NYSE:RSKD)

Cornerstone Investment Partners LLC acquired a new stake in Riskified Ltd. (NYSE:RSKD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,817 shares of the company’s stock, valued at approximately $182,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rubric Capital Management LP purchased a new stake in shares of Riskified in the third quarter valued at $7,214,000. Swiss National Bank lifted its position in shares of Riskified by 20.7% in the third quarter. Swiss National Bank now owns 191,013 shares of the company’s stock valued at $856,000 after acquiring an additional 32,700 shares in the last quarter. Barclays PLC lifted its position in shares of Riskified by 29.3% in the third quarter. Barclays PLC now owns 44,607 shares of the company’s stock valued at $200,000 after acquiring an additional 10,097 shares in the last quarter. Hamilton Lane Advisors LLC lifted its position in shares of Riskified by 83.3% in the third quarter. Hamilton Lane Advisors LLC now owns 1,067,505 shares of the company’s stock valued at $4,782,000 after acquiring an additional 485,248 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Riskified by 78.6% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,826,923 shares of the company’s stock valued at $16,390,000 after acquiring an additional 1,684,202 shares in the last quarter. 58.98% of the stock is currently owned by hedge funds and other institutional investors.

Riskified Stock Performance

RSKD stock opened at $4.87 on Friday. Riskified Ltd. has a 1 year low of $3.48 and a 1 year high of $5.64. The firm has a market cap of $868.17 million, a P/E ratio of -14.32 and a beta of 1.34. The stock has a 50-day simple moving average of $5.01 and a 200-day simple moving average of $4.50.

Riskified (NYSE:RSKD) last posted its earnings results on Tuesday, March 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. Riskified had a negative return on equity of 11.04% and a negative net margin of 19.84%. The business had revenue of $84.07 million during the quarter, compared to analyst estimates of $83.87 million. On average, equities research analysts predict that Riskified Ltd. will post -0.18 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on RSKD shares. The Goldman Sachs Group increased their target price on Riskified from $4.50 to $5.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th. Keefe, Bruyette & Woods started 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. DA Davidson restated a “neutral” rating and issued a $5.00 price objective on shares of Riskified in a report on Wednesday, March 6th. Finally, Piper Sandler restated an “overweight” rating and issued a $7.00 price objective on shares of Riskified in a report on Friday, April 12th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $5.66.

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.