Short Interest in Riskified Ltd. (NYSE:RSKD) Rises By 49.9%

Riskified Ltd. (NYSE:RSKD) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 1,260,000 shares, a growth of 49.9% from the February 28th total of 840,400 shares. Approximately 1.5% of the company’s shares are sold short. Based on an average daily volume of 527,600 shares, the short-interest ratio is currently 2.4 days.

Riskified Stock Performance

Shares of RSKD stock traded up $0.05 during trading hours on Tuesday, hitting $4.67. 323,069 shares of the company were exchanged, compared to its average volume of 651,193. Riskified has a fifty-two week low of $4.14 and a fifty-two week high of $6.65. The company has a 50 day simple moving average of $5.10 and a two-hundred day simple moving average of $4.83. The firm has a market cap of $752.04 million, a P/E ratio of -23.37 and a beta of 1.37.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. The Goldman Sachs Group lifted their target price on Riskified from $4.00 to $4.50 and gave the stock a “sell” rating in a report on Thursday, March 6th. DA Davidson upgraded Riskified from a “neutral” rating to a “buy” rating and upped their target price for the company from $5.00 to $7.00 in a report on Monday, March 3rd. Piper Sandler restated an “overweight” rating and set a $7.00 price target on shares of Riskified in a report on Monday, March 17th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Riskified from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $5.78.

Institutional Investors Weigh In On Riskified

Several hedge funds and other institutional investors have recently bought and sold shares of RSKD. Lazard Asset Management LLC bought a new stake in Riskified during the 4th quarter worth approximately $38,000. Group One Trading LLC grew 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 worth $41,000 after buying an additional 8,917 shares in the last quarter. Bayesian Capital Management LP bought a new position in Riskified during the 4th quarter valued at $56,000. Cubist Systematic Strategies LLC bought a new stake in shares of Riskified in the 4th quarter worth $74,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Riskified in the fourth quarter valued at about $88,000. 58.98% of the stock is owned by institutional investors.

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.