T Stamp (NASDAQ:IDAI) Posts Quarterly Earnings Results, Misses Estimates By $0.10 EPS

T Stamp (NASDAQ:IDAI) announced its quarterly earnings results on Tuesday. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.10), FiscalAI reports. The firm had revenue of $0.91 million for 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 Up 4.4%

Shares of NASDAQ:IDAI traded up $0.10 on Tuesday, reaching $2.39. The company had a trading volume of 20,339 shares, compared to its average volume of 47,031. T Stamp has a 52-week low of $1.43 and a 52-week high of $5.28. The firm’s 50 day simple moving average is $2.88 and its 200-day simple moving average is $3.51. The firm has a market capitalization of $12.52 million, a PE ratio of -1.04 and a beta of 0.74. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.18.

Institutional Investors Weigh In On T Stamp

A number of institutional investors have recently added to or reduced their stakes in IDAI. Geode Capital Management LLC raised its holdings in T Stamp by 67.7% in 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. Kestra Advisory Services LLC bought a new stake in shares of T Stamp in the 4th quarter valued at about $204,000. Finally, Jane Street Group LLC bought a new stake in shares of T Stamp in the 4th quarter valued at about $220,000. Institutional investors own 16.34% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of T Stamp from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, T Stamp currently has an average rating of “Buy” and a consensus target price 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.