Riskified Ltd. (NYSE:RSKD) Short Interest Up 30.3% in February

Riskified Ltd. (NYSE:RSKD) saw a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 824,100 shares, an increase of 30.3% from the January 31st total of 632,400 shares. Based on an average trading volume of 475,100 shares, the short-interest ratio is currently 1.7 days. Approximately 0.9% of the company’s shares are short sold.

Riskified Stock Down 2.0 %

Shares of Riskified stock traded down $0.10 on Tuesday, reaching $5.05. The company’s stock had a trading volume of 594,708 shares, compared to its average volume of 460,294. Riskified has a 52 week low of $4.14 and a 52 week high of $6.64. The firm’s fifty day simple moving average is $5.15 and its two-hundred day simple moving average is $4.85. The company has a market capitalization of $899.75 million, a price-to-earnings ratio of -25.23 and a beta of 1.38.

Riskified announced that its Board of Directors has initiated a stock buyback program on Wednesday, November 13th that authorizes the company to repurchase $75.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Riskified

A number of large investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC purchased a new stake in shares of Riskified during the 4th quarter valued at about $38,000. Group One Trading LLC increased its holdings in Riskified by 4,503.5% during the fourth quarter. Group One Trading LLC now owns 8,719 shares of the company’s stock valued at $41,000 after buying an additional 8,917 shares during the last quarter. Bayesian Capital Management LP bought a new position in Riskified in the fourth quarter worth approximately $56,000. Cubist Systematic Strategies LLC purchased a new position in shares of Riskified during the 4th quarter worth $74,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Riskified during the 4th quarter valued at $88,000. Institutional investors own 58.98% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. The Goldman Sachs Group lowered their price objective on Riskified from $4.50 to $4.00 and set a “sell” rating for the company in a research report on Monday, December 2nd. UBS Group reduced their target price on Riskified from $4.75 to $4.50 and set a “neutral” rating on the stock in a report on Thursday, November 14th. DA Davidson upgraded shares of Riskified from a “neutral” rating to a “buy” rating and increased their price target for the stock from $5.00 to $7.00 in a research note on Monday. Piper Sandler reduced their price objective on Riskified from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods dropped their target price on Riskified from $5.50 to $5.25 and set a “market perform” rating on the stock in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $5.72.

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.