authID (NASDAQ:AUID – Get Free Report) announced its earnings results on Friday. The company reported ($0.29) earnings per share for the quarter, FiscalAI reports. authID had a negative net margin of 616.91% and a negative return on equity of 202.14%. The firm had revenue of $0.49 million during the quarter.
authID Stock Up 11.6%
authID stock traded up $0.05 during midday trading on Friday, reaching $0.53. The stock had a trading volume of 251,677 shares, compared to its average volume of 2,474,086. authID has a 52-week low of $0.46 and a 52-week high of $4.70. The firm has a market cap of $8.83 million, a price-to-earnings ratio of -0.42 and a beta of 1.61. The company has a fifty day moving average of $0.96 and a 200 day moving average of $1.23.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Corient Private Wealth LLC boosted its stake in shares of authID by 207.7% during the fourth quarter. Corient Private Wealth LLC now owns 160,000 shares of the company’s stock valued at $140,000 after purchasing an additional 108,000 shares during the period. Connective Capital Management LLC increased its stake in authID by 59.1% in the 3rd quarter. Connective Capital Management LLC now owns 120,949 shares of the company’s stock worth $386,000 after buying an additional 44,922 shares during the period. Vanguard Group Inc. lifted its holdings in authID by 6.1% during the 3rd quarter. Vanguard Group Inc. now owns 452,384 shares of the company’s stock valued at $1,443,000 after buying an additional 25,822 shares in the last quarter. Scoggin Management LP lifted its holdings in authID by 60.4% during the 2nd quarter. Scoggin Management LP now owns 400,000 shares of the company’s stock valued at $2,116,000 after buying an additional 150,612 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in authID by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 138,843 shares of the company’s stock valued at $121,000 after buying an additional 13,087 shares during the period. Institutional investors own 8.83% of the company’s stock.
authID Company Profile
authID (NASDAQ: AUID) is a technology company specializing in digital identity verification and biometric authentication solutions. The company offers a cloud-based platform designed to help organizations securely verify user identities, prevent account takeover and reduce fraud. Leveraging artificial intelligence and machine learning, authID’s software supports biometric modalities including facial recognition, voice verification and liveness detection to ensure that customers are who they claim to be.
The company’s flagship product suite enables enterprises to integrate identity proofing and continuous authentication into their online and mobile applications.
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