Cornerstone Investment Partners LLC Invests $182,000 in Riskified Ltd. (NYSE:RSKD)

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

A number of other hedge funds have also modified their holdings of the stock. Quarry LP acquired a new stake in Riskified during the 1st quarter valued at $25,000. Bank of America Corp DE increased its holdings in Riskified by 173.9% during the 1st quarter. Bank of America Corp DE now owns 5,081 shares of the company’s stock valued at $29,000 after purchasing an additional 3,226 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Riskified during the 2nd quarter valued at $47,000. Hsbc Holdings PLC acquired a new stake in Riskified during the 3rd quarter valued at $48,000. Finally, Legal & General Group Plc acquired a new stake in Riskified during the 4th quarter valued at $49,000. 58.98% of the stock is owned by institutional investors and hedge funds.

Riskified Stock Down 1.0 %

NYSE:RSKD opened at $4.87 on Friday. Riskified Ltd. has a 12-month low of $3.48 and a 12-month high of $5.64. The firm has a market capitalization of $868.17 million, a P/E ratio of -14.32 and a beta of 1.34. The stock’s fifty day simple moving average is $5.01 and its 200-day simple moving average is $4.50.

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

Wall Street Analyst Weigh In

RSKD has been the topic of a number of recent research reports. Keefe, Bruyette & Woods initiated coverage on Riskified in a research report on Tuesday, April 9th. They issued a “market perform” rating and a $5.75 price objective on the stock. The Goldman Sachs Group increased their price objective on Riskified from $4.50 to $5.00 and gave the company a “neutral” rating in a research report on Wednesday, March 6th. Piper Sandler reiterated an “overweight” rating and issued a $7.00 price objective on shares of Riskified in a research report on Friday, April 12th. Finally, DA Davidson reiterated a “neutral” rating and issued a $5.00 price objective on shares of Riskified in a research report on Wednesday, March 6th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.66.

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.