T Stamp (NASDAQ:IDAI) Announces Earnings Results

T Stamp (NASDAQ:IDAI) issued its earnings results on Monday. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.10), FiscalAI reports. The company had revenue of $0.91 million during the quarter, compared to analysts’ expectations of $0.90 million. T Stamp had a negative net margin of 316.25% and a negative return on equity of 290.04%.

T Stamp Stock Performance

Shares of T Stamp stock opened at $2.53 on Wednesday. T Stamp has a 12 month low of $1.43 and a 12 month high of $5.28. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.18. The stock has a market cap of $13.26 million, a PE ratio of -1.10 and a beta of 0.74. The business has a fifty day simple moving average of $2.88 and a 200-day simple moving average of $3.51.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut T Stamp from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $12.00.

Institutional Trading of T Stamp

A number of institutional investors and hedge funds have recently made changes to their positions in IDAI. Jane Street Group LLC bought a new position in T Stamp during the 4th quarter worth approximately $220,000. Kestra Advisory Services LLC bought a new stake in shares of T Stamp in the 4th quarter valued at $204,000. Finally, Geode Capital Management LLC raised its stake in T Stamp by 67.7% during the 4th quarter. Geode Capital Management LLC now owns 32,517 shares of the company’s stock worth $127,000 after buying an additional 13,125 shares during the period. Institutional investors and hedge funds own 16.34% of the company’s stock.

About T Stamp

T Stamp Inc develops and markets identity authentication software solutions for government and enterprise partners, and peer-to-peer markets worldwide. It develops proprietary artificial intelligence-powered solutions, researching and leveraging machine learning, artificial intelligence, biometric science, cryptography, and data mining to deliver insightful identity and trust predictions that identify and defend against fraudulent identity attacks, protect sensitive user information, and extend the reach of digital services through global accessibility.