Northern Trust Corp Invests $655,000 in Riskified Ltd. (NYSE:RSKD)

Northern Trust Corp bought a new stake in Riskified Ltd. (NYSE:RSKD - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 138,465 shares of the company's stock, valued at approximately $655,000. Northern Trust Corp owned about 0.08% of Riskified at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Monimus Capital Management LP bought a new position in Riskified during the fourth quarter worth $3,428,000. Marshall Wace LLP bought a new position in Riskified in the fourth quarter worth about $823,000. ExodusPoint Capital Management LP raised its position in shares of Riskified by 363.8% during the 4th quarter. ExodusPoint Capital Management LP now owns 200,991 shares of the company's stock worth $951,000 after purchasing an additional 157,657 shares during the period. Trexquant Investment LP increased its position in Riskified by 29.6% in the fourth quarter. Trexquant Investment LP now owns 322,672 shares of the company's stock worth $1,526,000 after buying an additional 73,769 shares during the period. Finally, ARK Investment Management LLC boosted its holdings in shares of Riskified by 22.1% during the fourth quarter. ARK Investment Management LLC now owns 394,517 shares of the company's stock valued at $1,866,000 after acquiring an additional 71,499 shares during the period. 58.98% of the stock is owned by institutional investors and hedge funds.

Riskified Trading Up 0.6%

NYSE RSKD traded up $0.03 on Wednesday, reaching $5.11. The company's stock had a trading volume of 63,513 shares, compared to its average volume of 594,551. The firm has a market cap of $823.78 million, a PE ratio of -25.55 and a beta of 1.36. Riskified Ltd. has a 52 week low of $3.94 and a 52 week high of $6.65. The business has a 50-day moving average price of $4.68 and a 200 day moving average price of $4.86.

Riskified (NYSE:RSKD - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.02. Riskified had a negative net margin of 10.72% and a negative return on equity of 6.00%. The company had revenue of $82.39 million during the quarter, compared to analysts' expectations of $79.23 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. Riskified's quarterly revenue was up 7.9% compared to the same quarter last year. Analysts anticipate that Riskified Ltd. will post -0.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RSKD has been the subject of several analyst reports. DA Davidson boosted their price objective on Riskified from $6.00 to $6.50 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Keefe, Bruyette & Woods raised their price objective on Riskified from $5.25 to $5.50 and gave the stock a "market perform" rating in a research note on Thursday, May 15th. Piper Sandler restated an "overweight" rating and issued a $7.00 target price on shares of Riskified in a report on Monday, March 17th. The Goldman Sachs Group increased their price target on Riskified from $4.00 to $4.50 and gave the company a "sell" rating in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. cut their price objective on Riskified from $7.00 to $6.00 and set a "neutral" rating on the stock in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $6.03.

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.