T Stamp (NASDAQ:IDAI) Issues Earnings Results, Misses Estimates By $0.13 EPS

T Stamp (NASDAQ:IDAI) announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.13), Zacks reports. The firm had revenue of $0.76 million during the quarter, compared to analyst estimates of $0.90 million. T Stamp had a negative net margin of 250.57% and a negative return on equity of 134.07%.

T Stamp Stock Down 8.5%

IDAI stock traded down $0.11 during midday trading on Thursday, reaching $1.18. The company had a trading volume of 149,100 shares, compared to its average volume of 70,782. T Stamp has a 1 year low of $1.17 and a 1 year high of $5.28. The company has a current ratio of 5.28, a quick ratio of 5.28 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $6.61 million, a P/E ratio of -0.53 and a beta of 0.72. The company has a 50 day moving average of $2.20 and a two-hundred day moving average of $2.86.

Hedge Funds Weigh In On T Stamp

Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC boosted its position 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 last quarter. Jane Street Group LLC acquired a new position in T Stamp in the 4th quarter worth about $220,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of T Stamp during the 4th quarter worth about $204,000. 16.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Zacks Research raised T Stamp to a “hold” rating in a 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 stock. According to data from MarketBeat, T Stamp has an average rating of “Moderate Buy” and a consensus target price of $12.00.

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.