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

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

Separately, Maxim Group boosted their price target on shares of T Stamp from $8.00 to $12.00 and gave the company 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 has a consensus rating of “Buy” and a consensus price target of $12.00.

T Stamp Trading Up 8.1%

NASDAQ:IDAI opened at $3.86 on Friday. The stock has a fifty day simple moving average of $4.05 and a 200 day simple moving average of $3.26. The firm has a market capitalization of $20.23 million, a price-to-earnings ratio of -1.68 and a beta of 0.70. T Stamp has a 1-year low of $1.43 and a 1-year high of $18.75. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.18.

T Stamp (NASDAQ:IDAI) last posted its quarterly earnings data on Friday, November 14th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $0.87 million for the quarter, compared to analyst estimates of $0.90 million.

Institutional Investors Weigh In On T Stamp

A hedge fund recently bought a new stake in T Stamp stock. Argentarii LLC purchased a new stake in T Stamp Inc. (NASDAQ:IDAI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 75,000 shares of the company’s stock, valued at approximately $246,000. Argentarii LLC owned approximately 2.95% of T Stamp as of its most recent filing with the SEC. 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.