authID (NASDAQ:AUID) Announces Earnings Results

authID (NASDAQ:AUID) posted its quarterly earnings results on Wednesday. The company reported ($0.38) EPS for the quarter, Zacks reports. authID had a negative return on equity of 139.80% and a negative net margin of 761.83%.The business had revenue of ($0.11) million for the quarter.

authID Stock Performance

NASDAQ:AUID traded up $0.24 during trading hours on Wednesday, reaching $2.77. The company’s stock had a trading volume of 126,845 shares, compared to its average volume of 119,523. The firm has a market capitalization of $37.23 million, a price-to-earnings ratio of -1.81 and a beta of 1.57. The firm has a 50-day simple moving average of $2.81 and a 200-day simple moving average of $4.13. authID has a 1 year low of $2.09 and a 1 year high of $9.58.

Insider Activity

In other news, CTO Thomas Robert Szoke sold 8,944 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $2.93, for a total transaction of $26,205.92. Following the transaction, the chief technology officer directly owned 5,269 shares of the company’s stock, valued at approximately $15,438.17. This trade represents a 62.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 10,249 shares of company stock worth $30,797 over the last quarter. 7.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On authID

Large investors have recently bought and sold shares of the stock. XTX Topco Ltd bought a new position in shares of authID in the second quarter worth approximately $77,000. Comerica Bank grew its holdings in authID by 11.7% in the 1st quarter. Comerica Bank now owns 19,127 shares of the company’s stock worth $93,000 after acquiring an additional 2,000 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of authID by 136.4% in the second quarter. Corient Private Wealth LLC now owns 52,000 shares of the company’s stock valued at $275,000 after acquiring an additional 30,000 shares during the period. Vanguard Group Inc. raised its stake in shares of authID by 6.1% during the third quarter. Vanguard Group Inc. now owns 452,384 shares of the company’s stock valued at $1,443,000 after acquiring an additional 25,822 shares during the last quarter. Finally, Scoggin Management LP boosted its holdings in shares of authID by 60.4% during the second quarter. Scoggin Management LP now owns 400,000 shares of the company’s stock worth $2,116,000 after purchasing an additional 150,612 shares during the period. 8.83% of the stock is owned by hedge funds and other institutional investors.

About authID

authID Inc provides secure, biometric, identity verification, and strong passwordless and biometric authentication for consumer and workforce applications worldwide. The company offers solutions through its Verified platform to enable their users to easily verify and authenticate their identity through a mobile device or desktop.