T Stamp (NASDAQ:IDAI) Rating Increased to Hold at Zacks Research

T Stamp (NASDAQ:IDAI) was upgraded by Zacks Research to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, Wall Street Zen downgraded shares of T Stamp from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $12.00.

T Stamp Stock Performance

IDAI opened at $1.98 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 5.28 and a current ratio of 5.28. The company has a market cap of $11.09 million, a PE ratio of -0.89 and a beta of 0.75. The stock has a 50-day moving average of $2.43 and a 200-day moving average of $3.22. T Stamp has a 52-week low of $1.80 and a 52-week high of $5.28.

T Stamp (NASDAQ:IDAI) last issued its quarterly earnings data on Tuesday, March 31st. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.10). The company had revenue of $0.91 million during the quarter, compared to the consensus estimate of $0.90 million. T Stamp had a negative net margin of 250.57% and a negative return on equity of 134.07%. As a group, equities research analysts forecast that T Stamp will post -1.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in IDAI. MidFirst Bank acquired a new position in shares of T Stamp during the fourth quarter worth approximately $30,000. Dimensional Fund Advisors LP acquired a new stake in shares of T Stamp in the first quarter worth $44,000. Geode Capital Management LLC increased its position 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 acquiring an additional 13,125 shares during the period. Kestra Advisory Services LLC acquired a new position in T Stamp during the 4th quarter valued at $204,000. Finally, Jane Street Group LLC acquired a new position in T Stamp during the 4th quarter valued at $220,000. 16.34% of the stock is owned by institutional investors.

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.