Riskified Ltd. (NYSE:RSKD) Short Interest Up 16.9% in April

Riskified Ltd. (NYSE:RSKD) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 1,515,179 shares, an increase of 16.9% from the March 31st total of 1,296,376 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily volume of 788,723 shares, the days-to-cover ratio is presently 1.9 days.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Wall Street Zen raised Riskified from a “hold” rating to a “buy” rating in a research report on Sunday, March 15th. Truist Financial reduced their target price on Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Riskified presently has a consensus rating of “Hold” and an average price target of $5.96.

Institutional Investors Weigh In On Riskified

Several large investors have recently made changes to their positions in RSKD. Invesco Ltd. bought a new stake in shares of Riskified in the first quarter worth about $51,000. Russell Investments Group Ltd. boosted its position in shares of Riskified by 178.2% during the second quarter. Russell Investments Group Ltd. now owns 225,468 shares of the company’s stock valued at $1,125,000 after buying an additional 144,431 shares during the period. Marshall Wace LLP purchased a new position in shares of Riskified during the second quarter valued at approximately $1,453,000. Qube Research & Technologies Ltd boosted its position in shares of Riskified by 7.4% during the second quarter. Qube Research & Technologies Ltd now owns 271,536 shares of the company’s stock valued at $1,355,000 after buying an additional 18,690 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Riskified during the second quarter valued at approximately $36,000. 58.98% of the stock is owned by institutional investors.

Riskified Trading Up 3.1%

NYSE RSKD traded up $0.15 on Friday, hitting $4.76. 1,169,417 shares of the company traded hands, compared to its average volume of 634,759. The business’s 50 day moving average price is $4.29 and its 200-day moving average price is $4.58. Riskified has a 52-week low of $3.70 and a 52-week high of $5.68. The company has a market capitalization of $704.45 million, a price-to-earnings ratio of -27.97 and a beta of 1.39.

Riskified (NYSE:RSKD) last announced its quarterly earnings data on Wednesday, March 4th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. Riskified had a negative return on equity of 5.63% and a negative net margin of 8.00%.The business had revenue of $99.33 million for the quarter, compared to the consensus estimate of $97.21 million.

About Riskified

Riskified is a technology company specializing in e-commerce fraud prevention and revenue optimization for online merchants. Its platform combines machine learning, behavioral analytics and proprietary risk models to assess the legitimacy of transactions in real time. By offering a chargeback guarantee, Riskified assumes the financial liability for approved orders that later turn out to be fraudulent, allowing retailers to focus on growth rather than dispute management.

The company’s core product suite addresses various aspects of the online shopping lifecycle, including order approval, account takeover protection and policy compliance.