Amesite (NASDAQ:AMST) Posts Earnings Results, Beats Estimates By $0.81 EPS

Amesite (NASDAQ:AMST) announced its quarterly earnings results on Monday. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.96) by $0.81, FiscalAI reports. Amesite had a negative net margin of 1,024.91% and a negative return on equity of 118.33%. The business had revenue of $0.08 million for the quarter, compared to analysts’ expectations of $0.25 million.

Amesite Trading Down 4.6%

Shares of NASDAQ:AMST opened at $0.79 on Tuesday. The company has a market cap of $3.59 million, a price-to-earnings ratio of -1.23 and a beta of 0.86. The company has a 50-day moving average price of $1.51 and a 200-day moving average price of $1.98. Amesite has a 12 month low of $0.77 and a 12 month high of $4.78.

Wall Street Analysts Forecast Growth

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

Insider Activity at Amesite

In other news, Director George Parmer acquired 243,902 shares of the stock in a transaction dated Tuesday, April 28th. The stock was purchased at an average cost of $1.44 per share, with a total value of $351,218.88. Following the completion of the purchase, the director owned 566,962 shares in the company, valued at approximately $816,425.28. The trade was a 75.50% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 35.95% of the company’s stock.

Institutional Inflows and Outflows

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

Amesite Company Profile

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.