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

T Stamp (NASDAQ:IDAI) issued its quarterly earnings results on Monday. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.10), FiscalAI reports. The business had revenue of $0.91 million for the quarter, compared to analyst estimates of $0.90 million. T Stamp had a negative return on equity of 290.04% and a negative net margin of 316.25%.

T Stamp Price Performance

Shares of IDAI opened at $2.39 on Wednesday. The stock has a market cap of $12.52 million, a P/E ratio of -1.04 and a beta of 0.74. T Stamp has a 1 year low of $1.43 and a 1 year high of $5.28. The stock’s 50-day moving average price is $2.88 and its two-hundred day moving average price is $3.51. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.18.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of 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 data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $12.00.

Institutional Trading of T Stamp

A number of hedge funds have recently modified their holdings of IDAI. Geode Capital Management LLC grew 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 valued at $127,000 after purchasing an additional 13,125 shares during the period. Kestra Advisory Services LLC bought a new position in shares of T Stamp during the fourth quarter worth $204,000. Finally, Jane Street Group LLC bought a new position in shares of T Stamp during the fourth quarter worth $220,000. 16.34% of the stock is currently owned by institutional investors and hedge funds.

T Stamp Company Profile

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.