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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Average 126% gains – NO losers!?   (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Average 126% gains – NO losers!?   (Ad)pixel
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
Former Deutsche Bank Co-CEO Anshu Jain dies
High oil prices help Saudi Aramco earn $88B in first half
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Average 126% gains – NO losers!?   (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Average 126% gains – NO losers!?   (Ad)pixel
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
Former Deutsche Bank Co-CEO Anshu Jain dies
High oil prices help Saudi Aramco earn $88B in first half
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Average 126% gains – NO losers!?   (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Average 126% gains – NO losers!?   (Ad)pixel
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
Former Deutsche Bank Co-CEO Anshu Jain dies
High oil prices help Saudi Aramco earn $88B in first half
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel

Mitek Systems - MITK Stock Forecast, Price & News

$11.63
+0.13 (+1.13%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$11.47
$11.70
50-Day Range
$8.45
$11.63
52-Week Range
$8.32
$23.29
Volume
463,780 shs
Average Volume
423,512 shs
Market Capitalization
$515.79 million
P/E Ratio
83.07
Dividend Yield
N/A
Price Target
$20.67

Mitek Systems MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
77.7% Upside
$20.67 Price Target
Short Interest
Bearish
7.66% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.87mentions of Mitek Systems in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.90%
From $0.62 to $0.70 Per Share

Overall MarketRank

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

2.50 out of 5 stars

Computer And Technology Sector

206th out of 665 stocks

Computer Peripheral Equipment, Not Elsewhere Classified Industry

4th out of 14 stocks

MITK stock logo

About Mitek Systems (NASDAQ:MITK) Stock

Mitek Systems, Inc. develops, markets, and sells mobile image capture and digital identity verification solutions in the United States, Europe, Latin America, and internationally. The company's solutions are embedded in native mobile apps and web browsers to facilitate digital consumer experiences. It offers Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; and Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications. The company also provides Mobile Fill, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion; and MiSnap, a mobile-capture software development kit that enables an intuitive user experience and instant capture of quality images of identity documents and checks. In addition, it offers CheckReader that enables financial institutions to automatically extract data from checks; 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. 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 that helps 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.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Northland Securities reduced their price target on Mitek Systems from $20.00 to $15.00 in a report on Wednesday, May 25th. StockNews.com lowered Mitek Systems from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, August 3rd. TheStreet lowered Mitek Systems from a "b-" rating to a "c+" rating in a research report on Tuesday, May 3rd. Maxim Group restated a "buy" rating and set a $28.00 price target on shares of Mitek Systems in a research note on Friday, April 29th. Finally, HC Wainwright reduced their price objective on Mitek Systems from $22.00 to $19.00 and set a "buy" rating on the stock in a research note on Friday, July 29th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $20.67.

Mitek Systems Stock Performance

MITK Stock traded up $0.13 during trading on Friday, hitting $11.63. The company had a trading volume of 463,780 shares, compared to its average volume of 423,512. The firm has a market cap of $515.79 million, a PE ratio of 83.07 and a beta of 0.64. Mitek Systems has a 1-year low of $8.32 and a 1-year high of $23.29. The firm has a 50-day moving average price of $9.65 and a 200-day moving average price of $11.92. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.67.

Mitek Systems (NASDAQ:MITK - Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The software maker reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. Mitek Systems had a return on equity of 16.72% and a net margin of 4.59%. The firm had revenue of $39.33 million for the quarter, compared to analysts' expectations of $35.99 million. During the same quarter in the previous year, the firm posted $0.18 EPS. The firm's revenue for the quarter was up 23.8% on a year-over-year basis. On average, analysts expect that Mitek Systems will post 0.62 earnings per share for the current year.

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MITK Stock News Headlines

StockNews.com Downgrades Mitek Systems (NASDAQ:MITK) to Buy
Mitek Systems Inc - Stock Quote MITK
Update: MITK, MATW and SYNH, April 29
Mitek Systems Tops Q2 EPS by 4c
Mitek Systems Q2 2022 Earnings Preview
Update: MITK, March 24
See More Headlines
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MITK Company Calendar

Last Earnings
7/28/2022
Today
8/14/2022
Fiscal Year End
9/30/2022
Next Earnings (Estimated)
11/03/2022

Industry, Sector and Symbol

Industry
Computer peripheral equipment, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:MITK
Employees
435
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$20.67
High Stock Price Forecast
$28.00
Low Stock Price Forecast
$15.00
Forecasted Upside/Downside
+77.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$7.98 million
Pretax Margin
8.51%

Debt

Sales & Book Value

Annual Sales
$119.80 million
Cash Flow
$0.91 per share
Book Value
$4.38 per share

Miscellaneous

Free Float
42,839,000
Market Cap
$515.79 million
Optionable
Optionable
Beta
0.64














MITK Stock - Frequently Asked Questions

Should I buy or sell Mitek Systems stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mitek Systems in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street 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 2022?

3 brokerages have issued 12-month price targets for Mitek Systems' stock. Their MITK share price forecasts range from $15.00 to $28.00. On average, they predict the company's share price to reach $20.67 in the next year. This suggests a possible upside of 77.7% 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 2022?

Mitek Systems' stock was trading at $17.75 at the beginning of the year. Since then, MITK stock has decreased by 34.5% and is now trading at $11.63.
View the best growth stocks for 2022 here
.

When is Mitek Systems' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our MITK earnings forecast
.

How were Mitek Systems' earnings last quarter?

Mitek Systems, Inc. (NASDAQ:MITK) released its earnings results on Thursday, July, 28th. The software maker reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. The software maker earned $39.33 million during the quarter, compared to analyst estimates of $35.99 million. Mitek Systems had a net margin of 4.59% and a trailing twelve-month return on equity of 16.72%. The business's revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 earnings per share.

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 Toronado Partners LLC (6.51%), Independent Advisor Alliance (3.95%), Cannell & Co. (1.26%), Renaissance Technologies LLC (1.17%), Deutsche Bank AG (1.09%) and Russell Investments Group Ltd. (1.04%). Insiders that own company stock include Alex W Hart, Bruce Edward Hansen, Jane J Thompson, Jason Gray, Jeffrey C Davison, Jeffrey C Davison, Michael E Diamond, 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 $11.63.

How much money does Mitek Systems make?

Mitek Systems (NASDAQ:MITK) has a market capitalization of $515.79 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 8/14/2022 by MarketBeat.com Staff

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