T Stamp (NASDAQ:IDAI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of T Stamp (NASDAQ:IDAI) to a hold rating in a research note issued to investors on Saturday.

Separately, Maxim Group upped their target price on shares of T Stamp from $8.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, September 19th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, T Stamp presently has a consensus rating of “Buy” and a consensus target price of $12.00.

T Stamp Trading Down 1.6%

IDAI opened at $4.19 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.87 and a quick ratio of 0.87. T Stamp has a fifty-two week low of $1.43 and a fifty-two week high of $18.75. The firm has a market capitalization of $10.64 million, a PE ratio of -1.59 and a beta of 0.70. The company’s 50-day moving average is $3.41 and its 200 day moving average is $2.81.

T Stamp (NASDAQ:IDAI) last posted its earnings results on Thursday, August 14th. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.33). T Stamp had a negative return on equity of 235.67% and a negative net margin of 273.15%.The business had revenue of $0.81 million during the quarter, compared to analyst estimates of $0.74 million.

Institutional Investors Weigh In On T Stamp

A hedge fund recently bought a new stake in T Stamp stock. Armistice Capital LLC purchased a new position in shares of T Stamp Inc. (NASDAQ:IDAI) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 130,000 shares of the company’s stock, valued at approximately $252,000. Armistice Capital LLC owned about 5.23% of T Stamp as of its most recent SEC filing. Institutional investors 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.