Anson Funds Management LP

recently disclosed that they own a 9.8% stake in NXT-ID Inc. (NASDAQ:NXTD) in a Schedule 13G disclosure that was filed with the Securities and Exchange Commission on Monday, July 17th. The investor owns 1,434,145 shares of the stock worth approximately $2,395,022. The reporting parties listed on the disclosure included Anson Funds Management LP, Anson Management GP LLC, Bruce R Winson, Anson Advisors Inc, Adam Spears and Moez Kassam. The filing is available through EDGAR at this link.

Anson Funds Management LP

provided the following explanation of their ownership:

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NXT-ID Inc. (NASDAQ:NXTD) traded up 3.09% during midday trading on Monday, reaching $1.67. 353,008 shares of the company traded hands. The company has a 50 day moving average price of $1.58 and a 200-day moving average price of $2.07. NXT-ID Inc. has a one year low of $1.21 and a one year high of $6.49. The stock’s market capitalization is $15.99 million.

NXT-ID (NASDAQ:NXTD) last released its quarterly earnings results on Tuesday, May 16th. The technology company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.01. The firm had revenue of $6.68 million during the quarter. Analysts forecast that NXT-ID Inc. will post ($0.70) EPS for the current fiscal year.

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Separately, Maxim Group assumed coverage on shares of NXT-ID in a research note on Thursday, April 20th. They set a “buy” rating and a $4.25 price objective on the stock.

About NXT-ID

Nxt-ID, Inc is a technology company. The Company is focused on products, solutions and services for security on mobile devices. The Company’s core technologies consist of those that support digital payments, biometric identification, encryption, sensors and miniaturization. It has three lines of business: mobile commerce (m-commerce), primarily through the application of secure digital payment technologies; biometric access control applications, and Department of Defense contracting.

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