Mitek Systems, Inc. develops, markets, and sells mobile image capture and identity verification software solutions for enterprise customers worldwide. The company's solutions are embedded in native mobile apps and mobile optimized Websites to enhance mobile user experiences and transactions. It offers Mobile Deposit that allows individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; Mobile Verify, an identity verification solution that can be integrated into mobile apps, mobile Websites, and desktop applications; Mobile Fill to pre-fill forms with personal data by simply snapping a picture of the consumer's driver license, credit card, or other document; Mobile Docs, a mobile document scanning solution; and MiSnap Multi-Check Capture, a software development kit that banks embed in their business banking app that facilitates capture of various checks in one deposit session. The company markets and sells its solutions primarily to banks, credit unions, lenders, payments processers, card issuers, insurers, etc. through direct sales teams and channel partners. Mitek Systems, Inc. was founded in 1983 and is headquartered in San Diego, California.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Computer peripheral equipment, not elsewhere classified
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:MITK
Previous Symbol
CUSIPN/A
Phone619-269-6800
Debt
Debt-to-Equity RatioN/A
Current Ratio1.79
Quick Ratio1.79
Price-To-Earnings
Trailing P/E Ratio80.12
Forward P/E Ratio54.82
P/E Growth3.56
Sales & Book Value
Annual Sales$63.56 million
Price / Sales6.19
Cash Flow$0.3022 per share
Price / Cash Flow34.46
Book Value$1.83 per share
Price / Book5.69
Profitability
EPS (Most Recent Fiscal Year)$0.13
Net Income$-11,810,000.00
Net Margins-18.58%
Return on Equity5.75%
Return on Assets4.53%
Miscellaneous
Employees141
Outstanding Shares37,800,000
Market Cap$384.02 million
OptionableOptionable
Mitek Systems (NASDAQ:MITK) Frequently Asked Questions
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) issued its quarterly earnings data on Thursday, November, 1st. The software maker reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.05. The software maker earned $21 million during the quarter, compared to analysts' expectations of $20.09 million. Mitek Systems had a negative net margin of 18.58% and a positive return on equity of 5.75%. The business's revenue was up 62.8% on a year-over-year basis. During the same period last year, the company posted $0.11 EPS. View Mitek Systems' Earnings History.
When is Mitek Systems' next earnings date?
What guidance has Mitek Systems issued on next quarter's earnings?
Mitek Systems issued an update on its FY 2019 earnings guidance on Thursday, November, 1st. The company provided EPS guidance of for the period. The company issued revenue guidance of $83-86 million, compared to the consensus revenue estimate of $82.04 million.
What price target have analysts set for MITK?
2 analysts have issued 12 month price objectives for Mitek Systems' shares. Their predictions range from $12.00 to $18.00. On average, they expect Mitek Systems' share price to reach $15.00 in the next twelve months. This suggests a possible upside of 47.1% from the stock's current price. View Analyst Price Targets for Mitek Systems.
What is the consensus analysts' recommendation for Mitek Systems?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mitek Systems in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Mitek Systems.
What are Wall Street 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. " (11/6/2018)
- 2. National Securities analysts commented, "Last week we hosted investor meetings with New Relic’s management (CFO Mark Sachleben and VP Finance Jon Parker). Overall, we come away with increased confidence in the company’s total addressable market (TAM) opportunities, its competitive positioning, and our thesis; therefore we’re raising our price target to $85 from $66. Key takeaways: (1) TAM expansion is underway with end-to-end monitoring rising in importance; (2) the competitive environment remains fragmented and largely not cloud"-focused; and (3) the drivers required for delivering on management’s $1B/FY22 revenue target are largely in place. While the shares have already moved aggressively higher this year, we see a compelling long-term path for New Relic and remain positive on the shares. Maintain Outperform." (3/9/2018)
Has Mitek Systems been receiving favorable news coverage?
News coverage about MITK stock has been trending very positive this week, according to InfoTrie. The research group identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Mitek Systems earned a news sentiment score of 4.0 on InfoTrie's scale. They also gave news coverage about the software maker a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the near term.
Are investors shorting Mitek Systems?
Mitek Systems saw a decrease in short interest in November. As of November 15th, there was short interest totalling 1,014,459 shares, a decrease of 41.8% from the October 31st total of 1,744,455 shares. Based on an average daily volume of 446,095 shares, the days-to-cover ratio is presently 2.3 days. Currently, 2.8% of the company's shares are short sold. View Mitek Systems' Current Options Chain.
Who are some of Mitek Systems' key competitors?
Some companies that are related to Mitek Systems include Forescout Technologies (FSCT), Stratasys (SSYS), Digital China (DCHIF), Immersion (IMMR), AstroNova (ALOT), RADCOM (RDCM), Key Tronic (KTCC), Identiv (INVE), TransAct Technologies (TACT), RadiSys (RSYS), Interlink Electronics (LINK), Top Image Systems (TISA), IGO (IGOI) and Hauppauge Digital (HAUP).
Who are Mitek Systems' key executives?
Mitek Systems' management team includes the folowing people:
- Mr. James B. DeBello, Pres, CEO & Director (Age 59)
- Mr. Jeffrey C. Davison CPA, Chief Financial Officer (Age 53)
- Mr. Kalle Marsal, Chief Operating Officer (Age 46)
- Mr. Stephen J. Ritter, Chief Technology Officer (Age 48)
- Mr. Michael E. Diamond, Sr. VP & GM of Payments (Age 53)
Who are Mitek Systems' major shareholders?
Mitek Systems' stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.76%), Vanguard Group Inc. (4.74%), Credit Suisse AG (3.11%), Thomson Horstmann & Bryant Inc. (2.80%), Wells Fargo & Company MN (2.62%) and Unterberg Capital LLC (1.72%). Company insiders that own Mitek Systems stock include Bruce Edward Hansen, Clark Sarah, James B Debello, James C Hale III, Jason Gray, Jeffrey C Davison, Karel J Marsal, Michael E Diamond, Russell C Clark, Stephen Ritter and Vinton Paul Cunningham. View Institutional Ownership Trends for Mitek Systems.
Which institutional investors are selling Mitek Systems stock?
MITK stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Panagora Asset Management Inc., AQR Capital Management LLC, Rice Hall James & Associates LLC, Monarch Partners Asset Management LLC, TIAA CREF Investment Management LLC, Renaissance Technologies LLC and BlackRock Inc.. Company insiders that have sold Mitek Systems company stock in the last year include Bruce Edward Hansen, Clark Sarah, James B Debello, Jason Gray, Jeffrey C Davison, Karel J Marsal, Michael E Diamond and Stephen Ritter. View Insider Buying and Selling for Mitek Systems.
Which institutional investors are buying Mitek Systems stock?
MITK stock was purchased by a variety of institutional investors in the last quarter, including Credit Suisse AG, Prescott Group Capital Management L.L.C., Dimensional Fund Advisors LP, Thomson Horstmann & Bryant Inc., Mirae Asset Global Investments Co. Ltd., Vanguard Group Inc., Essex Investment Management Co. LLC and P.A.W. Capital Corp. View Insider Buying and Selling for Mitek Systems.
How do I buy shares of Mitek Systems?
Shares of MITK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Mitek Systems' stock price today?
One share of MITK stock can currently be purchased for approximately $10.20.
How big of a company is Mitek Systems?
Mitek Systems has a market capitalization of $384.02 million and generates $63.56 million in revenue each year. The software maker earns $-11,810,000.00 in net income (profit) each year or $0.13 on an earnings per share basis. Mitek Systems employs 141 workers across the globe.
What is Mitek Systems' official website?
How can I contact Mitek Systems?
Mitek Systems' mailing address is 600 B STREET SUITE 100, SAN DIEGO CA, 92101. The software maker can be reached via phone at 619-269-6800 or via email at [email protected]
MarketBeat Community Rating for Mitek Systems (NASDAQ MITK)
MarketBeat's community ratings are surveys of what our community members think about Mitek Systems and other stocks. Vote "Outperform" if you believe MITK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MITK will underperform the S&P 500 over the long term. You may vote once every thirty days.
