State of New Jersey Common Pension Fund D Has $320,000 Holdings in Riskified Ltd. (NYSE:RSKD)

State of New Jersey Common Pension Fund D lifted its holdings in Riskified Ltd. (NYSE:RSKD) by 107.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 67,686 shares of the company’s stock after acquiring an additional 35,096 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Riskified were worth $320,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of RSKD. Acadian Asset Management LLC lifted its position in Riskified by 199.4% during the second quarter. Acadian Asset Management LLC now owns 2,632,439 shares of the company’s stock worth $16,803,000 after purchasing an additional 1,753,260 shares during the period. Clearline Capital LP lifted its position in Riskified by 19.4% during the second quarter. Clearline Capital LP now owns 1,680,228 shares of the company’s stock worth $10,737,000 after purchasing an additional 272,760 shares during the period. Renaissance Technologies LLC lifted its position in Riskified by 17.2% during the second quarter. Renaissance Technologies LLC now owns 1,118,900 shares of the company’s stock worth $7,150,000 after purchasing an additional 164,600 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Riskified by 37.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,052,944 shares of the company’s stock worth $4,980,000 after purchasing an additional 286,603 shares during the period. Finally, Invenomic Capital Management LP lifted its position in Riskified by 29.7% during the first quarter. Invenomic Capital Management LP now owns 763,203 shares of the company’s stock worth $4,129,000 after purchasing an additional 174,953 shares during the period. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on RSKD. Keefe, Bruyette & Woods dropped their target price on shares of Riskified from $5.50 to $5.25 and set a “market perform” rating for the company in a report on Thursday, November 14th. UBS Group dropped their target price on shares of Riskified from $4.75 to $4.50 and set a “neutral” rating for the company in a report on Thursday, November 14th. JPMorgan Chase & Co. increased their target price on shares of Riskified from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. The Goldman Sachs Group dropped their target price on shares of Riskified from $6.00 to $4.50 and set a “sell” rating for the company in a report on Thursday, August 15th. Finally, Barclays dropped their target price on shares of Riskified from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Riskified presently has a consensus rating of “Hold” and an average target price of $5.91.

Riskified Stock Performance

NYSE:RSKD opened at $4.41 on Wednesday. The company has a market capitalization of $786.19 million, a PE ratio of -22.05 and a beta of 1.36. The company has a 50 day simple moving average of $4.56 and a two-hundred day simple moving average of $5.38. Riskified Ltd. has a fifty-two week low of $3.91 and a fifty-two week high of $6.64.

Riskified (NYSE:RSKD) last released its earnings results on Wednesday, November 13th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $78.80 million during the quarter, compared to the consensus estimate of $75.01 million. Riskified had a negative net margin of 10.72% and a negative return on equity of 6.00%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.12) EPS. Research analysts predict that Riskified Ltd. will post -0.16 EPS for the current year.

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.