T Stamp (NASDAQ:IDAI) Trading Down 0.9% – Here’s What Happened

T Stamp Inc. (NASDAQ:IDAI) shares dropped 0.9% on Wednesday . The company traded as low as $2.01 and last traded at $2.12. Approximately 20,881 shares traded hands during trading, a decline of 83% from the average daily volume of 121,976 shares. The stock had previously closed at $2.14.

Analysts Set New Price Targets

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

T Stamp Stock Performance

The firm’s 50-day moving average price is $2.08 and its 200-day moving average price is $2.71. 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 stock has a market cap of $13.05 million, a P/E ratio of -1.05 and a beta of 0.74.

T Stamp (NASDAQ:IDAI) last issued its earnings results on Thursday, May 14th. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.13). The company had revenue of $0.76 million for the quarter, compared to the consensus estimate of $0.90 million. T Stamp had a negative return on equity of 134.07% and a negative net margin of 250.57%. Sell-side analysts expect that T Stamp Inc. will post -1.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC increased its holdings in shares of T Stamp by 7.7% in the first quarter. Kestra Advisory Services LLC now owns 56,050 shares of the company’s stock worth $134,000 after purchasing an additional 4,000 shares during the last quarter. MidFirst Bank bought a new position in T Stamp during the fourth quarter valued at approximately $30,000. Geode Capital Management LLC boosted 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 valued at $127,000 after buying an additional 13,125 shares during the last quarter. Dimensional Fund Advisors LP purchased a new position in T Stamp during the 1st quarter valued at approximately $44,000. Finally, Argentarii LLC grew its holdings in T Stamp by 53.8% during the 4th quarter. Argentarii LLC now owns 115,363 shares of the company’s stock valued at $451,000 after buying an additional 40,363 shares in the last quarter. Hedge funds and other institutional investors 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.