T Stamp (NASDAQ:IDAI) Raised to “Hold” at Zacks Research

T Stamp (NASDAQ:IDAI) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a report released on Wednesday,Zacks.com reports.

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

T Stamp Stock Performance

IDAI opened at $1.98 on Wednesday. T Stamp has a 1-year low of $1.80 and a 1-year high of $5.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 5.28 and a quick ratio of 5.28. The business has a 50 day moving average price of $2.43 and a two-hundred day moving average price of $3.22. The company has a market capitalization of $11.09 million, a price-to-earnings ratio of -0.89 and a beta of 0.75.

T Stamp (NASDAQ:IDAI) last released its earnings results on Tuesday, March 31st. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.10). T Stamp had a negative return on equity of 134.07% and a negative net margin of 250.57%.The business had revenue of $0.91 million during the quarter, compared to the consensus estimate of $0.90 million. Research analysts predict that T Stamp will post -1.06 EPS for the current fiscal year.

Institutional Trading of T Stamp

A number of institutional investors have recently bought and sold shares of IDAI. Argentarii LLC increased its position in T Stamp by 53.8% in the 4th quarter. Argentarii LLC now owns 115,363 shares of the company’s stock worth $451,000 after purchasing an additional 40,363 shares during the last quarter. Geode Capital Management LLC increased its holdings in T Stamp by 67.7% in 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 last quarter. Potomac Capital Management Inc. bought a new position in T Stamp during the fourth quarter valued at approximately $754,000. Jane Street Group LLC bought a new position in T Stamp during the fourth quarter valued at approximately $220,000. Finally, Kestra Advisory Services LLC bought a new stake in T Stamp in the fourth quarter worth approximately $204,000. Institutional investors and hedge funds own 16.34% of the company’s stock.

T Stamp Company Profile

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.