Penn Capital Management Company LLC Sells 209,620 Shares of Riskified Ltd. $RSKD

Penn Capital Management Company LLC reduced its holdings in shares of Riskified Ltd. (NYSE:RSKD) by 65.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,396 shares of the company’s stock after selling 209,620 shares during the quarter. Penn Capital Management Company LLC’s holdings in Riskified were worth $512,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in Riskified in the 2nd quarter valued at approximately $36,000. Orion Porfolio Solutions LLC purchased a new stake in shares of Riskified during the second quarter worth $54,000. Virtu Financial LLC purchased a new stake in shares of Riskified during the third quarter worth $51,000. Invesco Ltd. bought a new position in shares of Riskified in the first quarter worth $51,000. Finally, Savant Capital LLC bought a new position in shares of Riskified in the second quarter worth $57,000. 58.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

RSKD has been the topic of a number of analyst reports. Wall Street Zen upgraded Riskified from a “hold” rating to a “buy” rating in a research note on Sunday. Weiss Ratings restated a “sell (d-)” rating on shares of Riskified in a research note on Monday, December 29th. Finally, 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 investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $5.96.

Riskified Price Performance

Shares of NYSE:RSKD opened at $4.30 on Thursday. The firm has a fifty day moving average price of $4.48 and a two-hundred day moving average price of $4.68. Riskified Ltd. has a one year low of $3.94 and a one year high of $5.68. The company has a market cap of $636.30 million, a price-to-earnings ratio of -25.26 and a beta of 1.33.

Riskified (NYSE:RSKD) last released its quarterly earnings results on Wednesday, March 4th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. Riskified had a negative net margin of 8.00% and a negative return on equity of 5.63%. The firm had revenue of $99.33 million for the quarter, compared to analysts’ expectations of $97.21 million. Equities research analysts expect that Riskified Ltd. will post -0.15 EPS for the current fiscal year.

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.