Amesite (NASDAQ:AMST) Announces Quarterly Earnings Results, Beats Expectations By $0.81 EPS

Amesite (NASDAQ:AMST) posted its quarterly earnings results on Monday. The company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.96) by $0.81, FiscalAI reports. Amesite had a negative return on equity of 139.22% and a negative net margin of 873.02%.The business had revenue of $0.08 million for the quarter, compared to analysts’ expectations of $0.25 million.

Amesite Trading Up 120.1%

Shares of NASDAQ:AMST opened at $1.73 on Wednesday. The firm has a 50 day moving average of $1.51 and a 200-day moving average of $1.97. The stock has a market capitalization of $7.91 million, a PE ratio of -2.75 and a beta of 0.86. Amesite has a 12 month low of $0.77 and a 12 month high of $4.78.

Insider Activity at Amesite

In other news, Director George Parmer bought 243,902 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was bought at an average cost of $1.44 per share, for a total transaction of $351,218.88. Following the transaction, the director owned 566,962 shares of the company’s stock, valued at $816,425.28. This represents a 75.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 35.95% of the company’s stock.

Hedge Funds Weigh In On Amesite

A hedge fund recently bought a new stake in Amesite stock. Virtu Financial LLC purchased a new stake in Amesite Inc. (NASDAQ:AMST) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 14,708 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned approximately 0.32% of Amesite at the end of the most recent quarter. Institutional investors own 3.60% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Amesite from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Amesite has an average rating of “Sell”.

About Amesite

Amesite, Inc (NASDAQ: AMST) is a software company specializing in AI-driven digital learning and training solutions. Its cloud-based platform enables organizations to create, manage and deliver customized online courses and professional development programs. Leveraging machine learning and natural language processing, the platform offers real-time analytics, adaptive content recommendations, multimedia assessments and community collaboration tools to support both synchronous and asynchronous learning.

The company’s primary end markets include corporate enterprises, higher education institutions, government agencies and nonprofit organizations.