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

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

T Stamp Stock Up 4.4%

Shares of IDAI traded up $0.10 during mid-day trading on Tuesday, hitting $2.39. 20,339 shares of the company traded hands, compared to its average volume of 47,031. The company has a market capitalization of $12.52 million, a PE ratio of -1.04 and a beta of 0.74. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.18. The business has a 50 day moving average of $2.88 and a 200 day moving average of $3.51. T Stamp has a 1-year low of $1.43 and a 1-year high of $5.28.

Institutional Trading of T Stamp

Several large investors have recently bought and sold shares of IDAI. Jane Street Group LLC acquired a new position in T Stamp during the 4th quarter valued at approximately $220,000. Kestra Advisory Services LLC purchased a new position in shares of T Stamp in the fourth quarter worth $204,000. Finally, Geode Capital Management LLC lifted its stake in shares of T Stamp by 67.7% during the fourth quarter. Geode Capital Management LLC now owns 32,517 shares of the company’s stock worth $127,000 after buying an additional 13,125 shares during the period. Hedge funds and other institutional investors own 16.34% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded T Stamp from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $12.00.

About T Stamp

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.