Mitek Systems, Inc. (NASDAQ:MITK - Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as $15.20 and last traded at $15.20, with a volume of 12984 shares. The stock had previously closed at $14.63.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on MITK shares. StockNews.com cut Mitek Systems from a "buy" rating to a "hold" rating in a research note on Thursday, March 21st. HC Wainwright reissued a "buy" rating and issued a $19.00 price target on shares of Mitek Systems in a research note on Wednesday, March 20th.
Check Out Our Latest Report on Mitek Systems
Mitek Systems Trading Up 1.4 %
The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.69 and a current ratio of 3.69. The company has a 50 day simple moving average of $12.70 and a two-hundred day simple moving average of $11.93. The company has a market cap of $693.90 million, a PE ratio of 92.69 and a beta of 1.09.
Mitek Systems (NASDAQ:MITK - Get Free Report) last released its earnings results on Tuesday, March 19th. The software maker reported $0.10 earnings per share for the quarter. Mitek Systems had a return on equity of 17.83% and a net margin of 4.25%. The company had revenue of $37.66 million for the quarter. Sell-side analysts forecast that Mitek Systems, Inc. will post 0.82 EPS for the current year.
Hedge Funds Weigh In On Mitek Systems
Institutional investors and hedge funds have recently bought and sold shares of the business. Newtyn Management LLC acquired a new stake in shares of Mitek Systems during the 4th quarter valued at about $12,942,000. Tyro Capital Management LLC acquired a new stake in shares of Mitek Systems during the 4th quarter valued at about $9,240,000. Renaissance Technologies LLC lifted its holdings in shares of Mitek Systems by 1,460.5% during the 2nd quarter. Renaissance Technologies LLC now owns 518,100 shares of the software maker's stock valued at $4,787,000 after buying an additional 484,900 shares during the last quarter. Blue Grotto Capital LLC lifted its holdings in shares of Mitek Systems by 14.6% during the 1st quarter. Blue Grotto Capital LLC now owns 2,614,842 shares of the software maker's stock valued at $38,359,000 after buying an additional 333,966 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Mitek Systems by 17.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,382,729 shares of the software maker's stock valued at $18,031,000 after buying an additional 210,178 shares during the last quarter. Hedge funds and other institutional investors own 83.64% of the company's stock.
Mitek Systems Company Profile
(
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Mitek Systems, Inc provides mobile image capture and digital identity verification solutions worldwide. Its product portfolio includes Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications; and Mobile Fill, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion.
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