authID (NASDAQ:AUID) Trading Up 0.9% – Here’s Why

authID Inc. (NASDAQ:AUID)’s stock price rose 0.9% during trading on Friday . The company traded as high as $1.13 and last traded at $1.10. Approximately 119,135 shares were traded during trading, an increase of 8% from the average daily volume of 110,513 shares. The stock had previously closed at $1.09.

authID Stock Performance

The stock has a market cap of $17.74 million, a price-to-earnings ratio of -0.87 and a beta of 1.57. The firm’s 50-day simple moving average is $1.19 and its two-hundred day simple moving average is $1.29.

authID (NASDAQ:AUID) last announced its earnings results on Thursday, May 14th. The company reported ($0.28) earnings per share (EPS) for the quarter. authID had a negative return on equity of 202.14% and a negative net margin of 616.91%.The company had revenue of $0.48 million for the quarter.

Insider Activity at authID

In other news, Director Stephen Jeffrey Garchik acquired 120,482 shares of the firm’s stock in a transaction on Wednesday, April 29th. The shares were purchased at an average cost of $1.25 per share, for a total transaction of $150,602.50. Following the transaction, the director owned 291,316 shares of the company’s stock, valued at approximately $364,145. This represents a 70.53% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ken Jisser acquired 30,120 shares of the firm’s stock in a transaction on Wednesday, April 29th. The stock was purchased at an average price of $1.25 per share, for a total transaction of $37,650.00. Following the completion of the transaction, the director directly owned 122,245 shares in the company, valued at approximately $152,806.25. The trade was a 32.69% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 17.40% of the company’s stock.

Hedge Funds Weigh In On authID

Large investors have recently made changes to their positions in the company. HRT Financial LP bought a new position in authID in the fourth quarter valued at about $69,000. XTX Topco Ltd bought a new stake in authID during the 2nd quarter worth about $77,000. Comerica Bank raised its holdings in authID by 11.7% during the 1st quarter. Comerica Bank now owns 19,127 shares of the company’s stock worth $93,000 after purchasing an additional 2,000 shares during the last quarter. Geode Capital Management LLC lifted its position in authID by 10.4% during the 4th quarter. Geode Capital Management LLC now owns 138,843 shares of the company’s stock valued at $121,000 after purchasing an additional 13,087 shares during the period. Finally, Corient Private Wealth LLC lifted its position in authID by 207.7% during the 4th 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. Institutional investors and hedge funds 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.