T Stamp (NASDAQ:IDAI) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of T Stamp (NASDAQ:IDAI) from a hold rating to a sell rating in a research note released on Saturday morning.

Separately, Maxim Group increased their price target on T Stamp from $8.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, T Stamp currently has an average rating of “Buy” and an average target price of $12.00.

T Stamp Price Performance

IDAI opened at $3.70 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.98. The firm has a market cap of $19.39 million, a P/E ratio of -1.61 and a beta of 0.70. T Stamp has a fifty-two week low of $1.43 and a fifty-two week high of $18.75. The firm has a 50-day moving average of $3.74 and a 200 day moving average of $3.02.

T Stamp (NASDAQ:IDAI) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.72) EPS for the quarter, missing the consensus estimate of ($0.56) by ($0.16). The firm had revenue of $0.87 million for the quarter, compared to the consensus estimate of $0.90 million. T Stamp had a negative net margin of 316.25% and a negative return on equity of 290.04%.

Hedge Funds Weigh In On T Stamp

A hedge fund recently bought a new stake in T Stamp stock. Armistice Capital LLC bought a new stake in T Stamp Inc. (NASDAQ:IDAI) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 130,000 shares of the company’s stock, valued at approximately $252,000. Armistice Capital LLC owned 5.23% of T Stamp as of its most recent SEC filing. 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.