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Mitek Systems Stock Price, News & Analysis (NASDAQ:MITK)

$11.18
-0.13 (-1.15%)
(As of 03:45 PM ET)
Compare
Today's Range
$11.03
$11.58
50-Day Range
$9.59
$11.31
52-Week Range
$8.60
$13.98
Volume
279,918 shs
Average Volume
343,494 shs
Market Capitalization
$509.70 million
P/E Ratio
62.11
Dividend Yield
N/A
Price Target
$19.00

Mitek Systems MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
68.9% Upside
$19.00 Price Target
Short Interest
Bearish
7.39% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.63mentions of Mitek Systems in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$75,787 Sold Last Quarter
Proj. Earnings Growth
18.42%
From $0.76 to $0.90 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.47 out of 5 stars

Computer And Technology Sector

94th out of 596 stocks

Computer Peripheral Equipment, Not Elsewhere Classified Industry

2nd out of 13 stocks


MITK stock logo

About Mitek Systems Stock (NASDAQ:MITK)

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. The company also offers MiSnap, a mobile-capture software development kit that enables an intuitive user experience and instant capture of quality images of identity documents and checks. CheckReader enables financial institutions to automatically extract data from checks once they have been scanned or photographed by the application; Check Fraud Defender, an AI-powered and cloud-hosted model for fighting check fraud; and Check Intelligence that enables financial institutions to automatically extract data from a check image received across any deposit channel, including branch, ATM, remote deposit capture, and mobile. In addition, it provides MiVIP, an end-to-end KYC platform that allows companies to design, build, and deploy robust KYC journeys with little or no development resources; and MiPass provides protection against most sophisticated forms of identity theft and dangerous fraud techniques, such as deepfakes and synthetic identities. Further, the company provides ID_CLOUD, an automated identity verification solution that is integrated into a customers' application to read and validate identity documents; IDLive Face, a passive facial liveness detection product; IDVoice, a robust AI-driven voice biometric engine; IDLive Voice to stop spoofing attacks on voice biometric systems; and IDLive Doc that works to fight fraud related to digitally displayed document images. Mitek Systems, Inc. was incorporated in 1986 and is based in San Diego, California.

MITK Stock Price History

MITK Stock News Headlines

The Only Practical Solution to the World’s Looming Energy Crisis
There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!
Mitek Systems, Inc. (NASDAQ:MITK) Insider Sells $32,310.00 in Stock
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Update: MITK, October 27
A Preview Of Mitek Systems's Earnings
Why Mitek Systems Stock Popped Today
Equifax and Mitek Join Forces to Protect Consumers Online
See More Headlines
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Company Calendar

Last Earnings
10/26/2023
Today
11/29/2023
Next Earnings (Estimated)
7/04/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Industry
Computer peripheral equipment, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:MITK
Employees
565
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$19.00
High Stock Price Target
$19.00
Low Stock Price Target
$19.00
Potential Upside/Downside
+67.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$3.03 million
Pretax Margin
8.31%

Debt

Sales & Book Value

Annual Sales
$143.94 million
Cash Flow
$1.21 per share
Book Value
$3.81 per share

Miscellaneous

Free Float
43,584,000
Market Cap
$516.53 million
Optionable
Optionable
Beta
0.94
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MITK Stock Analysis - Frequently Asked Questions

Should I buy or sell Mitek Systems stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mitek Systems in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MITK shares.
View MITK analyst ratings
or view top-rated stocks.

What is Mitek Systems' stock price target for 2024?

1 equities research analysts have issued 12 month price targets for Mitek Systems' stock. Their MITK share price targets range from $19.00 to $19.00. On average, they expect the company's stock price to reach $19.00 in the next year. This suggests a possible upside of 69.9% 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 start of the year. Since then, MITK stock has increased by 15.4% and is now trading at $11.18.
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, July 4th 2024.
View our MITK earnings forecast
.

How were Mitek Systems' earnings last quarter?

Mitek Systems, Inc. (NASDAQ:MITK) posted its earnings results on Thursday, October, 26th. The software maker reported $0.16 earnings per share (EPS) for the quarter. The software maker had revenue of $43.07 million for the quarter. Mitek Systems had a trailing twelve-month return on equity of 19.55% and a net margin of 4.88%.

What ETF holds Mitek Systems' stock ?

iShares Virtual Work and Life Multisector ETF holds 1,514 shares of MITK stock, representing 0.50% of its portfolio.

What guidance has Mitek Systems issued on next quarter's earnings?

Mitek Systems issued an update on its FY 2023 earnings guidance on Tuesday, September, 5th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $169.00 million-$171.00 million, compared to the consensus revenue estimate of $163.61 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).

Who are Mitek Systems' major shareholders?

Mitek Systems' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Legal & General Group Plc (6.26%), Independent Advisor Alliance (3.95%), Toronado Partners LLC (3.05%), Ameriprise Financial Inc. (1.97%), B. Riley Asset Management LLC (1.58%) and Ranger Investment Management L.P. (1.41%). Insiders that own company stock include Frank Teruel, Jane J Thompson, Jason Gray, 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.

This page (NASDAQ:MITK) was last updated on 11/29/2023 by MarketBeat.com Staff

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