T Stamp (NASDAQ:IDAI) Stock Price Up 1% Following Analyst Upgrade

Shares of T Stamp Inc. (NASDAQ:IDAI) traded up 1% during mid-day trading on Monday after Maxim Group raised their price target on the stock from $8.00 to $12.00. Maxim Group currently has a buy rating on the stock. T Stamp traded as high as $3.50 and last traded at $3.01. 598,797 shares traded hands during trading, an increase of 170% from the average session volume of 221,617 shares. The stock had previously closed at $2.98.

Hedge Funds Weigh In On T Stamp

An institutional investor recently raised its position in T Stamp stock. Jane Street Group LLC boosted its holdings in shares of T Stamp Inc. (NASDAQ:IDAI) by 156.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,288 shares of the company’s stock after purchasing an additional 23,348 shares during the quarter. Jane Street Group LLC owned approximately 1.74% of T Stamp worth $34,000 at the end of the most recent reporting period. 16.34% of the stock is owned by hedge funds and other institutional investors.

T Stamp Stock Down 0.3%

The company has a market cap of $7.63 million, a PE ratio of -0.22 and a beta of 0.62. The business has a 50-day simple moving average of $2.94 and a 200-day simple moving average of $2.43. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.42.

T Stamp (NASDAQ:IDAI) last issued its quarterly earnings results on Thursday, August 14th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.33). The business had revenue of $0.81 million for the quarter, compared to analysts’ expectations of $0.74 million. T Stamp had a negative return on equity of 235.67% and a negative net margin of 273.15%.

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.