Wall Street Zen Upgrades T Stamp (NASDAQ:IDAI) to Hold

T Stamp (NASDAQ:IDAI) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Separately, Maxim Group boosted their price objective on T Stamp from $8.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, September 19th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, T Stamp presently has a consensus rating of “Buy” and an average price target of $12.00.

T Stamp Stock Up 8.1%

Shares of IDAI opened at $3.86 on Friday. The firm has a market capitalization of $20.23 million, a price-to-earnings ratio of -1.68 and a beta of 0.70. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.98 and a current ratio of 1.98. The business’s fifty day moving average price is $4.05 and its two-hundred day moving average price is $3.27. T Stamp has a 52 week low of $1.43 and a 52 week high of $18.75.

T Stamp (NASDAQ:IDAI) last released its earnings results on Friday, November 14th. The company reported ($0.72) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.16). T Stamp had a negative return on equity of 290.04% and a negative net margin of 316.25%.The firm had revenue of $0.87 million for the quarter, compared to the consensus estimate of $0.90 million.

Hedge Funds Weigh In On T Stamp

An institutional investor recently bought a new position in T Stamp stock. Armistice Capital LLC bought a new position in shares of 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 firm bought 130,000 shares of the company’s stock, valued at approximately $252,000. Armistice Capital LLC owned about 5.23% of T Stamp at the end of the most recent quarter. 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.