Mitek Systems Company Profile (NASDAQ:MITK)

About Mitek Systems (MITK)

Mitek Systems logoMitek Systems, Inc. develops, markets and sells mobile capture and identity verification software solutions for enterprise customers. The Company's technology allows users to remotely deposit checks, open accounts, get insurance quotes, pay bills, as well as verify their identity by taking pictures of various documents with their camera-equipped smartphones and tablets instead of using the device keyboard. Its technology uses algorithms to correct image distortion, extract relevant data, route images to their desired location and process transactions. Its technology processes images of documents in various ways. The Company's products include Mobile Verify, Mobile Fill, Mobile Docs, Mobile Deposit and Commercial Mobile Deposit Capture. Its mobile technology solutions are provided in two parts: a software development kit (SDK) for mobile capture, and a software platform for image correction, detection, extraction and authentication.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Application Software
  • Sub-Industry: N/A
  • Exchange: NASDAQ
  • Symbol: MITK
  • CUSIP: N/A
Key Metrics:
  • Previous Close: $8.10
  • 50 Day Moving Average: $6.72
  • 200 Day Moving Average: $6.40
  • 52-Week Range: $5.26 - $9.49
  • Trailing P/E Ratio: 162.00
  • Foreward P/E Ratio: 23.14
  • P/E Growth: 1.45
  • Market Cap: $269.52M
  • Outstanding Shares: 33,274,000
  • Beta: 2.33
Profitability:
  • Net Margins: 4.58%
  • Return on Equity: 11.03%
  • Return on Assets: 9.03%
Debt:
  • Current Ratio: 6.80%
  • Quick Ratio: 6.80%

Analyst Ratings

Consensus Ratings for Mitek Systems (NASDAQ:MITK) (?)
Ratings Breakdown: 4 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $9.25 (14.20% upside)

Analysts' Ratings History for Mitek Systems (NASDAQ:MITK)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/24/2017Roth CapitalSet Price TargetBuy$9.00LowView Rating Details
3/21/2017Benchmark Co.Reiterated RatingBuyMediumView Rating Details
2/2/2017Needham & Company LLCLower Price TargetBuy$9.50 -> $8.00N/AView Rating Details
12/8/2016BTIG ResearchInitiated CoverageBuy$10.00N/AView Rating Details
1/31/2016William BlairReiterated RatingOutperformN/AView Rating Details
1/25/2016Northland SecuritiesInitiated CoverageOutperformN/AView Rating Details
(Data available from 4/28/2015 forward)

Earnings

Earnings History for Mitek Systems (NASDAQ:MITK)
Earnings by Quarter for Mitek Systems (NASDAQ:MITK)
Earnings History by Quarter for Mitek Systems (NASDAQ:MITK)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/26/2017        
4/27/2017Q2 2017$0.06$0.08$10.33 million$11.40 millionViewN/AView Earnings Details
2/2/2017Q117$0.03$0.03$8.74 million$9.30 millionViewListenView Earnings Details
11/3/2016Q416$0.06$0.07$9.60 million$9.67 millionViewN/AView Earnings Details
7/28/2016Q316$0.04$0.07$8.31 million$9.10 millionViewListenView Earnings Details
4/28/2016Q216$0.04$0.07$7.38 million$8.52 millionViewListenView Earnings Details
1/28/2016Q116$0.02$0.04$6.45 million$7.40 millionViewListenView Earnings Details
11/5/2015Q415$0.03$0.09$6.59 million$7.90 millionViewN/AView Earnings Details
7/23/2015Q315$0.04$0.07$5.83 million$6.40 millionViewListenView Earnings Details
4/30/2015Q215$0.03$0.05$5.40 million$5.70 millionViewN/AView Earnings Details
1/29/2015Q115($0.05)$0.02$5.26 million$5.39 millionViewN/AView Earnings Details
11/6/2014Q414($0.06)$0.04$5.00 million$5.50 millionViewN/AView Earnings Details
5/1/2014Q214($0.07)($0.07)$4.37 million$4.50 millionViewN/AView Earnings Details
2/6/2014Q114($0.08)($0.02)$4.09 million$4.50 millionViewN/AView Earnings Details
11/7/2013Q413($0.08)($0.02)$3.38 million$4.38 millionViewN/AView Earnings Details
7/25/2013Q3 2013($0.07)($0.05)$3.10 million$3.88 millionViewN/AView Earnings Details
5/7/2013Q2 2013($0.04)($0.06)$2.37 million$3.20 millionViewN/AView Earnings Details
1/31/2013Q1 2013($0.05)($0.03)$2.19 million$3.30 millionViewN/AView Earnings Details
11/7/2012Q412($0.04)($0.09)$3.42 million$1.20 millionViewN/AView Earnings Details
7/24/2012($0.03)($0.05)ViewN/AView Earnings Details
5/2/2012$0.02($0.09)ViewN/AView Earnings Details
2/7/2012$0.02ViewN/AView Earnings Details
11/14/2011$0.01($0.01)ViewN/AView Earnings Details
8/8/2011($0.06)$0.01ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Mitek Systems (NASDAQ:MITK)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.04$0.04$0.04
Q2 20171$0.06$0.06$0.06
Q3 20171$0.06$0.06$0.06
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Mitek Systems (NASDAQ:MITK)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Mitek Systems (NASDAQ:MITK)
Insider Ownership Percentage: 8.52%
Institutional Ownership Percentage: 45.34%
Insider Trades by Quarter for Mitek Systems (NASDAQ:MITK)
Institutional Ownership by Quarter for Mitek Systems (NASDAQ:MITK)
Insider Trades by Quarter for Mitek Systems (NASDAQ:MITK)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/15/2017Vinton Paul CunninghamDirectorSell30,000$5.87$176,100.00View SEC Filing  
11/17/2016James B DebelloCEOSell22,769$5.41$123,180.29View SEC Filing  
11/17/2016Russell C ClarkInsiderSell15,349$5.41$83,038.09View SEC Filing  
5/2/2016James B DebelloCEOSell59,091$8.11$479,228.01View SEC Filing  
5/2/2016Michael E DiamondInsiderSell170,007$8.06$1,370,256.42View SEC Filing  
5/2/2016Russell C ClarkCFOSell109,568$8.03$879,831.04View SEC Filing  
2/18/2016John M. ThorntonDirectorSell243,663$5.09$1,240,244.67View SEC Filing  
12/9/2015John M ThorntonDirectorSell30,100$5.00$150,500.00View SEC Filing  
12/4/2015John M ThorntonDirectorSell142,037$5.13$728,649.81View SEC Filing  
12/2/2015John M ThorntonDirectorSell142,600$5.15$734,390.00View SEC Filing  
12/1/2015John M ThorntonDirectorSell726,900$5.16$3,750,804.00View SEC Filing  
11/30/2015John M ThorntonDirectorSell381,000$5.25$2,000,250.00View SEC Filing  
11/25/2015John M ThorntonDirectorSell182,400$5.00$912,000.00View SEC Filing  
11/24/2015John M ThorntonDirectorSell390,600$5.00$1,953,000.00View SEC Filing  
11/17/2015Russell C. ClarkCFOSell481$4.35$2,092.35View SEC Filing  
11/9/2015James B DebelloCEOSell9,050$3.87$35,023.50View SEC Filing  
11/9/2015John M ThorntonDirectorSell194,845$4.00$779,380.00View SEC Filing  
11/9/2015Michael E DiamondCROSell4,466$3.87$17,283.42View SEC Filing  
11/9/2015Russell C ClarkCFOSell3,180$3.87$12,306.60View SEC Filing  
11/6/2015John M ThorntonDirectorSell179,354$4.00$717,416.00View SEC Filing  
7/24/2015James B DebelloCEOSell75,490$4.13$311,773.70View SEC Filing  
7/24/2015John M ThorntonDirectorSell89,815$4.11$369,139.65View SEC Filing  
7/22/2015James B DebelloCEOSell39,569$4.00$158,276.00View SEC Filing  
7/22/2015John M ThorntonDirectorSell45,818$4.00$183,272.00View SEC Filing  
6/29/2015James B DebelloCEOSell9,506$4.00$38,024.00View SEC Filing  
6/29/2015John M ThorntonDirectorSell17,029$4.00$68,116.00View SEC Filing  
6/23/2015James B DebelloCEOSell63,285$4.00$253,140.00View SEC Filing  
6/23/2015John M ThorntonDirectorSell73,071$4.00$292,284.00View SEC Filing  
6/10/2015James B DebelloCEOSell13,812$4.00$55,248.00View SEC Filing  
6/10/2015John M ThorntonDirectorSell19,422$4.00$77,688.00View SEC Filing  
2/23/2015James B DebelloCEOSell3,751$3.35$12,565.85View SEC Filing  
2/23/2015Russell C ClarkCFOSell1,879$3.35$6,294.65View SEC Filing  
7/31/2014Michael E DiamondCROSell2,488$3.15$7,837.20View SEC Filing  
7/31/2014Michael S StrangeCTOSell2,459$3.15$7,745.85View SEC Filing  
7/31/2014Scott R CarterCMOSell4,123$3.15$12,987.45View SEC Filing  
3/7/2014Vinton Paul CunninghamDirectorSell14,000$5.02$70,280.00View SEC Filing  
2/27/2014Gerald FarmerDirectorSell15,000$5.12$76,800.00View SEC Filing  
2/27/2014Russell ClarkCFOSell5,478$5.05$27,663.90View SEC Filing  
12/11/2013James DebelloCEOSell288,704$6.24$1,801,512.96View SEC Filing  
2/15/2013James B DebelloCEOSell138,187$5.00$690,935.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Mitek Systems (NASDAQ:MITK)
Latest Headlines for Mitek Systems (NASDAQ:MITK)
Source:
DateHeadline
finance.yahoo.com logoMitek Reports Record Revenue and Profitability in Second Quarter of Fiscal 2017
finance.yahoo.com - April 28 at 12:08 AM
nasdaq.com logoMitek Systems (MITK) In Focus: Stock Adds 13.3% in Session - Nasdaq
www.nasdaq.com - April 27 at 7:06 PM
marketbeat.com logoMitek Systems tops Street 2Q forecasts
marketbeat.com - April 27 at 6:47 PM
americanbankingnews.com logoMitek Systems (MITK) Receives Daily Coverage Optimism Score of 0.07
www.americanbankingnews.com - April 26 at 9:54 PM
americanbankingnews.com logoMitek Systems, Inc. (MITK) Given a $9.00 Price Target at Roth Capital
www.americanbankingnews.com - April 25 at 4:16 PM
finance.yahoo.com logoMitek Systems (MITK) In Focus: Stock Adds 13.3% in Session
finance.yahoo.com - April 25 at 11:26 AM
americanbankingnews.com logoMitek Systems, Inc. (MITK) Receives Average Recommendation of "Buy" from Analysts
www.americanbankingnews.com - April 24 at 2:52 PM
americanbankingnews.com logoMitek Systems (MITK) Receives News Impact Rating of 0.12
www.americanbankingnews.com - April 23 at 9:39 PM
finance.yahoo.com logoMitek to Report Second Quarter Fiscal 2017 Financial Results on April 27, 2017
finance.yahoo.com - April 20 at 8:08 AM
americanbankingnews.com logoMitek Systems, Inc. (MITK) Expected to Post Quarterly Sales of $10.44 Million
www.americanbankingnews.com - April 19 at 1:10 PM
finance.yahoo.com logoMitek’s ID Solutions Selected by Global Financial Services Firm to Improve Mobile Account Opening Process
finance.yahoo.com - April 18 at 10:24 AM
finance.yahoo.com logoZacks.com featured highlights: Mitek Systems, U.S. Silica Holdings, Suncor Energy, Antero Resources and Teradyne
finance.yahoo.com - April 18 at 10:24 AM
americanbankingnews.com logoMitek Systems (MITK) Given Daily Media Sentiment Rating of 0.48
www.americanbankingnews.com - April 17 at 1:04 PM
americanbankingnews.com logo Analysts Expect Mitek Systems, Inc. (MITK) Will Post Earnings of $0.02 Per Share
www.americanbankingnews.com - April 17 at 11:28 AM
americanbankingnews.com logoMitek Systems (MITK) Receives Coverage Optimism Rating of 0.36
www.americanbankingnews.com - April 13 at 4:17 PM
finance.yahoo.com logo4 Stocks Set to Trump Earnings in the Technology Space
finance.yahoo.com - April 12 at 7:28 PM
seekingalpha.com logoMitek lands mobile ID verification patent - Seeking Alpha
seekingalpha.com - April 11 at 11:14 AM
finance.yahoo.com logoMitek Granted New Mobile ID Verification Patent
finance.yahoo.com - April 11 at 11:14 AM
finance.yahoo.com logoMitek Announces $1 Trillion Deposited Through Mobile Deposit®
finance.yahoo.com - April 7 at 11:12 AM
finance.yahoo.com logoMitek Systems (MITK) Shares March Higher, Can It Continue?
finance.yahoo.com - April 7 at 11:12 AM
finance.yahoo.com logoSurging Earnings Estimates Signal Good News for Mitek Systems (MITK)
finance.yahoo.com - April 3 at 10:12 AM
finance.yahoo.com logoZacks.com featured highlights: Inogen, Diamondback Energy, Radiant Logistics, Mitek Systems and LPL Financial Holdings
finance.yahoo.com - March 31 at 6:39 PM
americanbankingnews.com logoMitek Systems, Inc. (MITK) Given Consensus Rating of "Buy" by Analysts
www.americanbankingnews.com - March 29 at 2:31 PM
finance.yahoo.com logoMitek’s Identity Solutions Selected by Artilium, EU Mobile Virtual Network Provider
finance.yahoo.com - March 29 at 9:47 AM
americanbankingnews.com logoMitek Systems, Inc. (MITK) Upgraded at Zacks Investment Research
www.americanbankingnews.com - March 29 at 7:05 AM
americanbankingnews.com logoRoth Capital Analysts Give Mitek Systems, Inc. (MITK) a $9.00 Price Target
www.americanbankingnews.com - March 28 at 7:59 AM
americanbankingnews.com logoMitek Systems, Inc. (MITK) PT Set at $9.00 by Roth Capital
www.americanbankingnews.com - March 24 at 11:04 PM
nasdaq.com logoIs Mitek Systems (MITK) Stock a Solid Choice Right Now? - Nasdaq
www.nasdaq.com - March 24 at 8:08 AM
americanbankingnews.com logoMitek Systems, Inc. (MITK) Upgraded to Buy by Zacks Investment Research
www.americanbankingnews.com - March 23 at 11:58 PM
finance.yahoo.com logoIs Mitek Systems (MITK) Stock a Solid Choice Right Now?
finance.yahoo.com - March 23 at 7:05 PM
americanbankingnews.com logoMitek Systems, Inc. (MITK) Given "Buy" Rating at Benchmark Co.
www.americanbankingnews.com - March 21 at 12:04 PM
finance.yahoo.com logoMitek to Enable B2B Mobile Deposits on Ariba® Network
finance.yahoo.com - March 20 at 10:15 AM
biz.yahoo.com logoMITEK SYSTEMS INC Files SEC form 8-K, Submission of Matters to a Vote of Security Holders
biz.yahoo.com - March 16 at 7:17 PM
finance.yahoo.com logoMitek’s Mobile Verify® Enables Seamless On-boarding and Regulatory Compliance for Global Crowdfunding Platform
finance.yahoo.com - March 8 at 10:03 AM
finance.yahoo.com logoMitek to Present at 29th Annual ROTH Conference on March 14, 2017
finance.yahoo.com - March 7 at 10:26 AM
seekingalpha.com logo20 - 60% Upside In Mitek Shares - Seeking Alpha
seekingalpha.com - February 28 at 6:40 PM
cnbc.com logoMillennial money myths: Cashless society is coming, just not so fast
www.cnbc.com - February 24 at 7:46 PM
finance.yahoo.com logoMitek’s Mobile Verify™ Selected by Blockchain Digital Payments Platform Nocks to Help Achieve AML Compliance
finance.yahoo.com - February 16 at 6:09 PM
finance.yahoo.com logoMITEK SYSTEMS INC Financials
finance.yahoo.com - February 9 at 7:34 PM
finance.yahoo.com logoNasdaq-listed fintech Pioneer Mitek launches in the UK
finance.yahoo.com - February 7 at 7:52 PM
seekingalpha.com logoMitek Systems' (MITK) CEO James DeBello on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - February 2 at 7:24 PM
biz.yahoo.com logoQ1 2017 Mitek Systems Inc Earnings Release - Before Market Open
us.rd.yahoo.com - February 2 at 7:24 PM
us.rd.yahoo.com logoMitek Reports 25% Revenue Growth in First Quarter of Fiscal 2017
us.rd.yahoo.com - February 2 at 7:24 PM
us.rd.yahoo.com logo8:34 am Mitek Systems beats by $0.01, beats on revs
us.rd.yahoo.com - February 2 at 7:24 PM
finance.yahoo.com logoMitek Announces MoneyGram is Using Mobile Verify™ to Help Meet Anti-Money Laundering Requirements
finance.yahoo.com - January 31 at 7:27 PM
globenewswire.com logoMitek to Report First Quarter Fiscal 2017 Financial Results on February ...
globenewswire.com - January 27 at 2:33 AM
finance.yahoo.com logoMitek to Report First Quarter Fiscal 2017 Financial Results on February 2, 2017
finance.yahoo.com - January 26 at 9:29 PM
finance.yahoo.com logoMitek’s Mobile Verify™ Used by Financial Services Companies Globally to Mitigate Risk and Achieve Compliance
finance.yahoo.com - January 18 at 7:05 PM

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Frequently Asked Questions for Mitek Systems (NASDAQ:MITK)

What is Mitek Systems' stock symbol?

Mitek Systems trades on the NASDAQ under the ticker symbol "MITK."

How were Mitek Systems' earnings last quarter?

Mitek Systems, Inc. (NASDAQ:MITK) released its earnings results on Thursday, April, 27th. The company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.06 by $0.02. The business earned $11.40 million during the quarter, compared to analysts' expectations of $10.33 million. Mitek Systems had a net margin of 4.58% and a return on equity of 11.03%. The firm's revenue was up 33.8% on a year-over-year basis. During the same quarter last year, the company earned $0.07 earnings per share.

When will Mitek Systems make its next earnings announcement?

Mitek Systems is scheduled to release their next quarterly earnings announcement on Wednesday, April, 26th 2017.

Where is Mitek Systems' stock going? Where will Mitek Systems' stock price be in 2017?

4 brokerages have issued 12 month price targets for Mitek Systems' shares. Their forecasts range from $8.00 to $10.00. On average, they anticipate Mitek Systems' share price to reach $9.25 in the next twelve months.

What are analysts saying about Mitek Systems stock?

Here are some recent quotes from research analysts about Mitek Systems stock:

  • 1. According to Zacks Investment Research, "Mitek Systems, Inc. is primarily engaged in the development and sale of software products with particular focus on intelligent character recognition and forms processing technology, products and services for the document imaging markets. They develop, market and support what they believe to be the most accurate Automated Document Recognition (ADR) products commercially available for the recognition of hand printed characters. " (3/23/2017)
  • 2. Needham & Company LLC analysts commented, "Mitek delivered 1Q17 results above consensus with revenue of $9.3M (vs. Street $8.7M) and non-GAAP EPS of $0.03 (vs. Street $0.02). Software revenue of $6.0M grew 27% y/y and was well-ahead of our estimates for $5.2M as mobile deposit trends remain strong. While the strength in the software line is encouraging, we think investors would favor (and reward) growth in the services lines which includes revenue from Mitek's cloud-based identity and authentication products. We expect the deals that Mitek has closed in the ID space to contribute more meaningfully to revenue through the remainder of FY17. We believe that as Mobile Deposit trends remain strong to accelerating and Mitek continues gaining traction with its ID products, top line growth will accelerate and shares will be rewarded with a higher multiple." (2/2/2017)

Who owns Mitek Systems stock?

Mitek Systems' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Skylands Capital LLC (1.77%), Thomson Horstmann & Bryant Inc. (1.75%), Granite Investment Partners LLC (1.35%), Essex Investment Management Co. LLC (0.54%), WealthTrust Axiom LLC (0.24%) and Prospera Financial Services Inc (0.22%). Company insiders that own Mitek Systems stock include James B Debello, John M Thornton, Michael E Diamond, Russell C Clark and Vinton Paul Cunningham.

Who sold Mitek Systems stock? Who is selling Mitek Systems stock?

Mitek Systems' stock was sold by a variety of institutional investors in the last quarter, including WealthTrust Axiom LLC, Granite Investment Partners LLC, Nationwide Fund Advisors and Prospera Financial Services Inc. Company insiders that have sold Mitek Systems stock in the last year include James B Debello, Michael E Diamond, Russell C Clark and Vinton Paul Cunningham.

Who bought Mitek Systems stock? Who is buying Mitek Systems stock?

Mitek Systems' stock was bought by a variety of institutional investors in the last quarter, including Thomson Horstmann & Bryant Inc., Skylands Capital LLC, Essex Investment Management Co. LLC, Russell Investments Group Ltd., Bank of Montreal Can and Malaga Cove Capital LLC.

How do I buy Mitek Systems stock?

Shares of Mitek Systems can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Mitek Systems stock cost?

One share of Mitek Systems stock can currently be purchased for approximately $8.10.

Mitek Systems (MITK) Chart for Friday, April, 28, 2017

This page was last updated on 4/28/2017 by MarketBeat.com Staff