authID (NASDAQ:AUID) Issues Earnings Results

authID (NASDAQ:AUID) issued its earnings results on Wednesday. The company reported ($0.38) EPS for the quarter, Zacks reports. The company had revenue of ($0.11) million during the quarter. authID had a negative return on equity of 139.80% and a negative net margin of 761.83%.

authID Stock Performance

AUID traded down $0.71 during trading on Thursday, hitting $2.06. 185,514 shares of the stock were exchanged, compared to its average volume of 119,621. The firm has a 50 day simple moving average of $2.81 and a 200 day simple moving average of $4.13. The firm has a market cap of $27.71 million, a price-to-earnings ratio of -1.35 and a beta of 1.57. authID has a 1 year low of $2.09 and a 1 year high of $9.58.

Insider Activity at authID

In other news, CTO Thomas Robert Szoke sold 8,944 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $2.93, for a total transaction of $26,205.92. Following the transaction, the chief technology officer owned 5,269 shares in the company, valued at approximately $15,438.17. This trade represents a 62.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 10,249 shares of company stock worth $30,797 in the last 90 days. Company insiders own 7.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of authID by 6.1% in the 3rd quarter. Vanguard Group Inc. now owns 452,384 shares of the company’s stock valued at $1,443,000 after purchasing an additional 25,822 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of authID by 136.4% during the second quarter. Corient Private Wealth LLC now owns 52,000 shares of the company’s stock valued at $275,000 after purchasing an additional 30,000 shares in the last quarter. Scoggin Management LP increased its holdings in authID by 60.4% during the second quarter. Scoggin Management LP now owns 400,000 shares of the company’s stock valued at $2,116,000 after buying an additional 150,612 shares during the period. XTX Topco Ltd bought a new position in authID in the second quarter worth approximately $77,000. Finally, Comerica Bank lifted its holdings in authID by 11.7% during the first quarter. Comerica Bank now owns 19,127 shares of the company’s stock worth $93,000 after buying an additional 2,000 shares during the period. 8.83% of the stock is currently owned by institutional investors.

authID Company Profile

authID Inc provides secure, biometric, identity verification, and strong passwordless and biometric authentication for consumer and workforce applications worldwide. The company offers solutions through its Verified platform to enable their users to easily verify and authenticate their identity through a mobile device or desktop.