NASDAQ:MITK Mitek Systems (MITK) Stock Forecast, Price & News $10.42 +0.33 (+3.27%) (As of 06/6/2023 ET) Add Compare Share Share Today's Range$10.10▼$10.5250-Day Range$8.78▼$10.4252-Week Range$8.32▼$11.95Volume276,026 shsAverage Volume260,790 shsMarket Capitalization$465.57 millionP/E Ratio74.43Dividend YieldN/APrice Target$16.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Mitek Systems MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside53.6% Upside$16.00 Price TargetShort InterestBearish5.73% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.54Based on 5 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.07 out of 5 starsComputer And Technology Sector330th out of 613 stocksComputer Peripheral Equipment, Not Elsewhere Classified Industry6th out of 12 stocks 3.5 Analyst's Opinion Consensus RatingMitek Systems has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $16.00, Mitek Systems has a forecasted upside of 53.6% from its current price of $10.42.Amount of Analyst CoverageMitek Systems has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted5.73% of the float of Mitek Systems has been sold short.Short Interest Ratio / Days to CoverMitek Systems has a short interest ratio ("days to cover") of 9.3.Change versus previous monthShort interest in Mitek Systems has recently decreased by 2.42%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldMitek Systems does not currently pay a dividend.Dividend GrowthMitek Systems does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MITK. Previous Next 2.0 News and Social Media Coverage News SentimentMitek Systems has a news sentiment score of 0.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Mitek Systems this week, compared to 1 article on an average week.MarketBeat FollowsOnly 2 people have added Mitek Systems to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Mitek Systems insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 5.40% of the stock of Mitek Systems is held by insiders.Percentage Held by Institutions69.96% of the stock of Mitek Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Mitek Systems is 74.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.08.Price to Earnings Ratio vs. SectorThe P/E ratio of Mitek Systems is 74.43, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 319.09.Price to Book Value per Share RatioMitek Systems has a P/B Ratio of 2.38. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Mitek Systems (NASDAQ:MITK) StockMitek Systems, Inc. engages in the innovation of mobile capture and digital identity verification solutions. Its products include Mobile Deposit, Mobile Verify, Mobile Fill, Mobile Docs, A2iA CheckReader, A2iA XE, A2iA DocumentReader, A2iA TextReader, and ICAR ID_CLOUD. The company was founded in 1986 and is headquartered in San Diego, CA.Read More Receive MITK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Mitek Systems and its competitors with MarketBeat's FREE daily newsletter. Email Address MITK Stock News HeadlinesJune 2, 2023 | fool.comMitek Systems (NASDAQ: MITK)May 31, 2023 | americanbankingnews.comMitek Systems (NASDAQ:MITK) Earns Hold Rating from Analysts at StockNews.comJune 6, 2023 | Behind the Markets (Ad)The single greatest medical breakthrough of all time?We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.May 15, 2023 | finance.yahoo.comCriminal Marketplaces Provide Gateway to Rising Account Fraud and Identity TheftMay 11, 2023 | msn.comHC Wainwright & Co. Reiterates Mitek Systems (MITK) Buy RecommendationMay 10, 2023 | finance.yahoo.comReturn Trends At Mitek Systems (NASDAQ:MITK) Aren't AppealingMay 9, 2023 | markets.businessinsider.comMitek Systems (MITK) Receives a Buy from H.C. WainwrightMay 8, 2023 | forbes.comUpdate: MITK, May 8June 6, 2023 | Behind the Markets (Ad)The single greatest medical breakthrough of all time?We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.May 4, 2023 | finance.yahoo.comID R&D patent award sets new benchmark for prevention of voice spoofs and deepfakesApril 27, 2023 | americanbankingnews.comMitek Systems (NASDAQ:MITK) Lowered to Hold at StockNews.comApril 18, 2023 | finance.yahoo.comMitek Adds New Defense for Banks to Combat Rising Check FraudApril 13, 2023 | finance.yahoo.com79 Digital Identity Stats Your Company Needs to Know in 2023March 30, 2023 | thestreet.comMitek Systems Stock Gaps Down On Today's Open (MITK)March 24, 2023 | thestreet.comMitek Systems Stock Hits New 52-Week Low (MITK)February 22, 2023 | finance.yahoo.comID R&D Advances Biometric Security to Address Growing Threat of Deepfake FraudFebruary 2, 2023 | finance.yahoo.comID R&D Awarded Patent for Continuous Biometric Authentication in Chatbots and Virtual AssistantsJanuary 30, 2023 | marketwatch.comMitek Systems Names Scott Carter Executive Chairman >MITKJanuary 30, 2023 | finance.yahoo.comMitek Adds Industry Veteran as Executive Chairperson to Capitalize on Growth Opportunities in Identity VerificationJanuary 18, 2023 | thestreet.comMitek Systems Stock Falls On Unusually High Volume (MITK)January 15, 2023 | seekingalpha.comMitek Systems: Undervalued Growth For Next 5 YearsJanuary 13, 2023 | seekingalpha.comMitek Systems: Identity Verification At Cheap ValuationDecember 30, 2022 | finance.yahoo.comIs It Worth Investing in Mitek Systems (MITK) Based on Wall Street's Bullish Views?December 14, 2022 | finance.yahoo.comIs Mitek Systems (MITK) a Buy as Wall Street Analysts Look Optimistic?December 13, 2022 | finance.yahoo.comWith 58% ownership of the shares, Mitek Systems, Inc. (NASDAQ:MITK) is heavily dominated by institutional ownersDecember 9, 2022 | finance.yahoo.comMitek Systems (MITK) Gains As Market Dips: What You Should KnowDecember 3, 2022 | finance.yahoo.comMitek Systems (MITK) Dips More Than Broader Markets: What You Should KnowSee More Headlines MITK Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MITK Company Calendar Last Earnings11/04/2021Today6/06/2023Next Earnings (Estimated)6/08/2023Fiscal Year End9/30/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Computer peripheral equipment, not elsewhere classified Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:MITK CUSIPN/A CIK807863 Webwww.miteksystems.com Phone(619) 269-6800Fax619-269-6801Employees435Year FoundedN/APrice Target and Rating Average Stock Price Forecast$16.00 High Stock Price Forecast$19.00 Low Stock Price Forecast$13.00 Forecasted Upside/Downside+52.2%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E Ratio75.07 Forward P/E Ratio15.01 P/E GrowthN/ANet IncomeN/A Net MarginsN/A Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity RatioN/A Current RatioN/A Quick RatioN/A Sales & Book Value Annual Sales$119.80 million Price / Sales3.92 Cash Flow$0.91 per share Price / Cash Flow11.49 Book Value$4.38 per share Price / Book2.40Miscellaneous Outstanding Shares44,680,000Free Float42,267,000Market Cap$469.59 million OptionableOptionable Beta0.77 Key ExecutivesScipio Maximus CarnecchiaChief Executive Officer & DirectorFuad AhmadChief Financial & Accounting OfficerMichael E. DiamondSenior Vice President & General Manager-PaymentsChristopher BriggsHead-Product DevelopmentAaron KorsenSenior VP-North American Identity SalesKey CompetitorsImmersionNASDAQ:IMMRIdentivNASDAQ:INVERADCOMNASDAQ:RDCMStratasysNASDAQ:SSYSSimilarwebNYSE:SMWBView All CompetitorsInsiders & InstitutionsAmeriprise Financial Inc.Sold 6,358 shares on 5/22/2023Ownership: 2.151%JPMorgan Chase & Co.Sold 3,086 shares on 5/18/2023Ownership: 0.360%New York State Common Retirement FundSold 4,977 shares on 5/18/2023Ownership: 0.054%Susquehanna Fundamental Investments LLCSold 7,458 shares on 5/16/2023Ownership: 0.164%Arrowstreet Capital Limited PartnershipSold 1,142 shares on 5/16/2023Ownership: 0.027%View All Insider TransactionsView All Institutional Transactions MITK Stock - Frequently Asked Questions Should I buy or sell Mitek Systems stock right now? 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Mitek Systems in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MITK shares. View MITK analyst ratings or view top-rated stocks. What is Mitek Systems' stock price forecast for 2023? 2 analysts have issued 12-month price targets for Mitek Systems' shares. Their MITK share price forecasts range from $13.00 to $19.00. On average, they predict the company's share price to reach $16.00 in the next twelve months. This suggests a possible upside of 52.2% from the stock's current price. View analysts price targets for MITK or view top-rated stocks among Wall Street analysts. How have MITK shares performed in 2023? Mitek Systems' stock was trading at $9.69 at the beginning of the year. Since then, MITK stock has increased by 8.5% and is now trading at $10.51. View the best growth stocks for 2023 here. When is Mitek Systems' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, June 8th 2023. View our MITK earnings forecast. How were Mitek Systems' earnings last quarter? Mitek Systems, Inc. (NASDAQ:MITK) posted its quarterly earnings results on Thursday, November, 4th. The software maker reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03. The software maker had revenue of $33.30 million for the quarter, compared to analyst estimates of $33.23 million. The firm's revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 earnings per share. What ETFs hold Mitek Systems' stock? ETFs with the largest weight of Mitek Systems (NASDAQ:MITK) stock in their portfolio include Invesco Nasdaq Future Gen 200 ETF (QQQS), SPDR S&P Software & Services ETF (XSW), iShares Virtual Work and Life Multisector ETF (IWFH), Global X FinTech Thematic ETF (FINX), What guidance has Mitek Systems issued on next quarter's earnings? Mitek Systems issued an update on its FY 2022 earnings guidance on Monday, May, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $143.00 million-$144.00 million, compared to the consensus revenue estimate of $145.11 million. What is Max Carnecchia's approval rating as Mitek Systems' CEO? 3 employees have rated Mitek Systems Chief Executive Officer Max Carnecchia on Glassdoor.com. Max Carnecchia has an approval rating of 69% among the company's employees. What other stocks do shareholders of Mitek Systems own? Based on aggregate information from My MarketBeat watchlists, some companies that other Mitek Systems investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Salesforce (CRM), Intel (INTC), Block (SQ), AbbVie (ABBV), PayPal (PYPL) and Cisco Systems (CSCO). What is Mitek Systems' stock symbol? Mitek Systems trades on the NASDAQ under the ticker symbol "MITK." Who are Mitek Systems' major shareholders? Mitek Systems' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Blue Grotto Capital LLC (9.24%), BlackRock Inc. (7.50%), Independent Advisor Alliance (3.92%), Dimensional Fund Advisors LP (2.18%), Ameriprise Financial Inc. (2.15%) and State Street Corp (2.14%). Insiders that own company stock include Alex W Hart, Bruce Edward Hansen, Frank Teruel, Jane J Thompson, Jason Gray, Jeffrey C Davison, Jeffrey C Davison, Michael E Diamond, Scipio Maximus Carnecchia, Stephen Ritter and William K Aulet. View institutional ownership trends. How do I buy shares of Mitek Systems? Shares of MITK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Mitek Systems' stock price today? One share of MITK stock can currently be purchased for approximately $10.51. How much money does Mitek Systems make? Mitek Systems (NASDAQ:MITK) has a market capitalization of $469.59 million and generates $119.80 million in revenue each year. The software maker earns $7.98 million in net income (profit) each year or $0.14 on an earnings per share basis. How many employees does Mitek Systems have? The company employs 435 workers across the globe. How can I contact Mitek Systems? Mitek Systems' mailing address is 600 B STREET SUITE 100, SAN DIEGO CA, 92101. The official website for the company is www.miteksystems.com. The software maker can be reached via phone at (619) 269-6800, via email at ir@miteksystems.com, or via fax at 619-269-6801. This page (NASDAQ:MITK) was last updated on 6/6/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Mitek Systems, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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