T Stamp (NASDAQ:IDAI) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of T Stamp (NASDAQ:IDAI) from a sell rating to a hold rating in a report published on Saturday.

Separately, Maxim Group upped their price objective on T Stamp from $8.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, T Stamp presently has a consensus rating of “Buy” and an average price target of $12.00.

T Stamp Price Performance

Shares of IDAI opened at $3.86 on Friday. The firm has a market capitalization of $20.23 million, a price-to-earnings ratio of -1.68 and a beta of 0.70. The firm’s fifty day simple moving average is $4.05 and its 200-day simple moving average is $3.27. T Stamp has a twelve month low of $1.43 and a twelve month high of $18.75. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.18.

T Stamp (NASDAQ:IDAI) last issued its earnings results on Friday, November 14th. The company reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.16). T Stamp had a negative return on equity of 290.04% and a negative net margin of 316.25%.The firm had revenue of $0.87 million for the quarter, compared to analyst estimates of $0.90 million.

Hedge Funds Weigh In On T Stamp

A hedge fund recently bought a new stake in T Stamp stock. Argentarii LLC acquired a new position in shares of T Stamp Inc. (NASDAQ:IDAI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 75,000 shares of the company’s stock, valued at approximately $246,000. Argentarii LLC owned about 2.95% of T Stamp as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 16.34% of the company’s stock.

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.