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

T Stamp (NASDAQ:IDAI) released its quarterly earnings results on Thursday. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.14), FiscalAI reports. T Stamp had a negative return on equity of 134.07% and a negative net margin of 250.57%.The firm had revenue of $0.90 million for the quarter, compared to the consensus estimate of $0.90 million.

T Stamp Price Performance

IDAI traded up $0.01 on Friday, reaching $2.50. The company had a trading volume of 18,491 shares, compared to its average volume of 68,738. The company has a fifty day moving average of $2.18 and a 200-day moving average of $2.45. The company has a market capitalization of $14.01 million, a P/E ratio of -1.13 and a beta of 0.70. 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 one year low of $1.17 and a one year high of $5.28.

Institutional Trading of T Stamp

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC bought a new position in shares of T Stamp in the fourth quarter valued at approximately $220,000. Kestra Advisory Services LLC acquired a new position in shares of T Stamp during the fourth quarter valued at approximately $204,000. Finally, Geode Capital Management LLC raised its holdings in T Stamp by 67.7% during the fourth quarter. Geode Capital Management LLC now owns 32,517 shares of the company’s stock worth $127,000 after purchasing an additional 13,125 shares in the last quarter. 16.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of T Stamp to a “hold” rating in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, T Stamp currently has a consensus rating of “Moderate Buy” and a consensus 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.