T Stamp (NASDAQ:IDAI) Releases Earnings Results, Misses Expectations By $0.14 EPS

T Stamp (NASDAQ:IDAI) released its quarterly earnings results on Thursday. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.14), FiscalAI reports. The business had revenue of $0.90 million during the quarter, compared to analyst estimates of $0.90 million. T Stamp had a negative return on equity of 134.07% and a negative net margin of 250.57%.

T Stamp Price Performance

NASDAQ:IDAI traded down $0.15 during trading hours on Thursday, reaching $2.49. 66,978 shares of the stock were exchanged, compared to its average volume of 36,908. The firm has a 50 day simple moving average of $2.18 and a 200-day simple moving average of $2.45. The company has a current ratio of 5.28, a quick ratio of 5.28 and a debt-to-equity ratio of 0.15. T Stamp has a 52 week low of $1.17 and a 52 week high of $5.28.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded T Stamp to a “hold” rating in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, T Stamp presently has a consensus rating of “Moderate Buy” and an average target price of $12.00.

Institutional Investors Weigh In On T Stamp

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in 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 purchasing an additional 13,125 shares during the last quarter. Jane Street Group LLC acquired a new position in T Stamp in the fourth quarter worth $220,000. Finally, Kestra Advisory Services LLC bought a new stake in T Stamp during the fourth quarter valued at $204,000. 16.34% of the stock is owned by institutional investors and hedge funds.

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.