Northern Trust Corp Makes New Investment in Riskified Ltd. (NYSE:RSKD)

Northern Trust Corp acquired a new stake in Riskified Ltd. (NYSE:RSKD - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 138,465 shares of the company's stock, valued at approximately $655,000. Northern Trust Corp owned approximately 0.08% of Riskified at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Monimus Capital Management LP bought a new position in Riskified during the 4th quarter worth about $3,428,000. Marshall Wace LLP bought a new stake in Riskified in the 4th quarter valued at approximately $823,000. ExodusPoint Capital Management LP lifted its stake in Riskified by 363.8% in the 4th quarter. ExodusPoint Capital Management LP now owns 200,991 shares of the company's stock valued at $951,000 after acquiring an additional 157,657 shares in the last quarter. Trexquant Investment LP boosted its position in Riskified by 29.6% during the 4th quarter. Trexquant Investment LP now owns 322,672 shares of the company's stock worth $1,526,000 after acquiring an additional 73,769 shares during the last quarter. Finally, ARK Investment Management LLC grew its stake in shares of Riskified by 22.1% during the 4th quarter. ARK Investment Management LLC now owns 394,517 shares of the company's stock worth $1,866,000 after acquiring an additional 71,499 shares in the last quarter. 58.98% of the stock is owned by institutional investors.

Riskified Trading Up 0.2%

Shares of RSKD traded up $0.01 during midday trading on Wednesday, reaching $5.09. The stock had a trading volume of 425,374 shares, compared to its average volume of 596,083. The firm has a market cap of $820.55 million, a PE ratio of -25.45 and a beta of 1.36. The firm has a 50 day simple moving average of $4.69 and a 200-day simple moving average of $4.87. Riskified Ltd. has a one year low of $3.94 and a one year high of $6.65.

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

Analysts Set New Price Targets

RSKD has been the topic of a number of research reports. The Goldman Sachs Group boosted their price objective on shares of Riskified from $4.00 to $4.50 and gave the stock a "sell" rating in a research report on Thursday, March 6th. DA Davidson boosted their price target on shares of 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 company a "market perform" rating in a report on Thursday, May 15th. Piper Sandler reaffirmed an "overweight" rating and issued a $7.00 target price on shares of Riskified in a research report on Monday, March 17th. Finally, Truist Financial increased their price target on Riskified from $7.00 to $8.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target 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.