Scoggin Management LP Acquires 74,388 Shares of authID Inc. $AUID

Key Points

• Scoggin Management LP increased its stake in authID Inc. by 42.5%, owning about 1.91% of the company valued at $1.21 million at the end of the first quarter.
• Wealthspire Advisors LLC showed significant growth as well, boosting its holdings in authID by 1,717% during the same period.
• authID Inc. reported a negative earnings per share of ($0.33) for its last quarter, contributing to a negative net margin of 761.83%.

Scoggin Management LP lifted its stake in shares of authID Inc. (NASDAQ:AUID - Free Report) by 42.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 249,388 shares of the company's stock after purchasing an additional 74,388 shares during the quarter. Scoggin Management LP owned 1.91% of authID worth $1,210,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AUID. Wealthspire Advisors LLC grew its holdings in shares of authID by 1,717.0% during the 1st quarter. Wealthspire Advisors LLC now owns 542,693 shares of the company's stock worth $2,632,000 after purchasing an additional 512,826 shares in the last quarter. Comerica Bank grew its holdings in shares of authID by 58.2% during the 4th quarter. Comerica Bank now owns 17,127 shares of the company's stock worth $103,000 after purchasing an additional 6,300 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of authID by 25.8% during the 4th quarter. Northern Trust Corp now owns 13,036 shares of the company's stock worth $78,000 after purchasing an additional 2,675 shares in the last quarter. 8.83% of the stock is owned by institutional investors and hedge funds.

authID Price Performance

Shares of AUID stock traded down $0.18 on Friday, hitting $3.72. 20,248 shares of the company's stock were exchanged, compared to its average volume of 47,896. authID Inc. has a 12 month low of $3.38 and a 12 month high of $9.58. The stock has a market cap of $50.00 million, a P/E ratio of -2.43 and a beta of 1.67. The company has a 50 day moving average of $4.19 and a 200 day moving average of $5.19.

authID (NASDAQ:AUID - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The company reported ($0.33) earnings per share for the quarter. authID had a negative return on equity of 139.80% and a negative net margin of 761.83%.The business had revenue of $1.45 million for the quarter.

authID Profile

authID Inc provides secure, biometric, identity verification, and strong passwordless and biometric authentication for consumer and workforce applications worldwide. The company offers solutions through its Verified platform to enable their users to easily verify and authenticate their identity through a mobile device or desktop.