T Stamp (NASDAQ:IDAI) Issues Quarterly Earnings Results, Misses Estimates By $0.14 EPS

T Stamp (NASDAQ:IDAI) posted its quarterly earnings data on Thursday. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.14), FiscalAI reports. The company had revenue of $0.90 million for the quarter, compared to analysts’ expectations of $0.90 million. T Stamp had a negative return on equity of 134.07% and a negative net margin of 250.57%.

T Stamp Stock Performance

Shares of IDAI stock traded down $0.15 during trading on Thursday, reaching $2.49. 66,978 shares of the company’s stock traded hands, compared to its average volume of 36,908. The firm’s 50-day moving average is $2.18 and its 200 day moving average is $2.45. The company has a current ratio of 5.28, a quick ratio of 5.28 and a debt-to-equity ratio of 0.15. T Stamp has a 1 year low of $1.17 and a 1 year high of $5.28. The company has a market capitalization of $13.94 million, a P/E ratio of -1.12 and a beta of 0.70.

Institutional Trading of T Stamp

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

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of T Stamp to a “hold” rating in a report on Wednesday, May 20th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, T Stamp has a consensus rating of “Moderate Buy” and an average price target of $12.00.

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.