Mitek Systems Company Profile (NASDAQ:MITK)

About Mitek Systems

Mitek 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 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 many ways. The Company's mobile capture software solutions are embedded in other mobile banking or enterprise applications developed by banks, insurance companies or partners, and then marketed under its brands. Its mobile imaging solutions include Mobile Verify, Mobile Fill, Mobile Deposit and Commercial Mobile Deposit Capture.

Industry, Sector and Symbol:

Sector: Computer and Technology
Industry: Application Software
Sub-Industry: N/A
Exchange: NASDAQ
Symbol: MITK
CUSIP:

Key Metrics:

Previous Close: $8.25
50 Day Moving Average: $7.92
200 Day Moving Average: $7.48
52-Week Range: $3.01 - $9.49
Trailing P/E Ratio: 139.83
Foreward P/E Ratio: 26.61
P/E Growth: 1.31
Market Cap: $270.00M
Outstanding Shares: 32,727,000
Beta: 2.23

Profitability:

Net Margins: 5.94%
Return on Equity: 14.96%
Return on Assets: 11.89%

Debt:

Current Ratio: 3.87%
Quick Ratio: 3.87%

Additional Links:

Companies Related to Mitek Systems:

Consensus Ratings for Mitek Systems (NASDAQ:MITK) (?)

Ratings Breakdown:	5 Buy Ratings
Consensus Rating:	Buy (Score: 3.00)
Consensus Price Target:	$9.08 (10.10% upside)

Analysts' Ratings History for Mitek Systems (NASDAQ:MITK)

Show:

Date	Firm	Action	Rating	Price Target
7/11/2016	Needham & Company LLC	Upgrade	Hold -> Buy	$9.50
6/2/2016	Roth Capital	Reiterated Rating	Buy	$9.75
3/23/2016	Benchmark Co.	Boost Price Target	Buy	$6.50 -> $8.00
1/31/2016	William Blair	Reiterated Rating	Outperform
1/25/2016	Northland Securities	Initiated Coverage	Outperform

(Data available from 9/27/2014 forward)

Earnings History for Mitek Systems (NASDAQ:MITK)

Date	Quarter	Consensus Estimate	Actual EPS	Revenue Estimate	Actual Revenue	Release Link	Conference Call
11/3/2016
7/28/2016	Q316	$0.04	$0.07	$8.31 million	$9.10 million	View	Listen
4/28/2016	Q216	$0.04	$0.07	$7.38 million	$8.52 million	View	Listen
1/28/2016	Q116	$0.02	$0.04	$6.45 million	$7.40 million	View	Listen
11/5/2015	Q415	$0.03	$0.09	$6.59 million	$7.90 million	View	N/A
7/23/2015	Q315	$0.04	$0.07	$5.83 million	$6.40 million	View	Listen
4/30/2015	Q215	$0.03	$0.05	$5.40 million	$5.70 million	View	N/A
1/29/2015	Q115	($0.05)	$0.05	$5.26 million	$5.39 million	View	N/A
11/6/2014	Q414	($0.06)	$0.06	$5.00 million	$5.50 million	View	N/A
7/24/2014	Q314	($0.08)	($0.05)	$4.74 million	$4.70 million	View	N/A
5/1/2014	Q214	($0.07)	($0.04)	$4.37 million	$4.50 million	View	N/A
2/6/2014	Q114	($0.08)	($0.02)	$4.09 million	$4.50 million	View	N/A
11/7/2013	Q413	($0.08)	($0.02)	$3.38 million	$4.38 million	View	N/A
7/25/2013	Q3 2013	($0.07)	($0.05)	$3.10 million	$3.88 million	View	N/A
5/7/2013	Q2 2013	($0.04)	($0.06)	$2.37 million	$3.20 million	View	N/A
1/31/2013	Q1 2013	($0.05)	($0.03)	$2.19 million	$3.30 million	View	N/A
11/7/2012	Q412	($0.04)	($0.09)	$3.42 million	$1.20 million	View	N/A
7/24/2012		($0.03)	($0.05)			View	N/A
5/2/2012		$0.02	($0.09)			View	N/A
2/7/2012			$0.02			View	N/A
11/14/2011		$0.01	($0.01)			View	N/A
8/8/2011		($0.06)	$0.01			View	N/A

(Data available from 1/1/2011 forward)

Earnings Estimates for Mitek Systems (NASDAQ:MITK)

Current Year EPS Consensus Estimate: $0.25 EPS
Next Year EPS Consensus Estimate: $0.31 EPS

Quarter	Number of Estimates	Low Estimate	High Estimate	Average Estimate
Q1 2017	1	$0.04	$0.04	$0.04
Q2 2017	1	$0.06	$0.06	$0.06
Q3 2017	1	$0.06	$0.06	$0.06

(Data provided by Zacks Investment Research)

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

Insider Trading History for Mitek Systems (NASDAQ:MITK)

Insider Ownership Percentage: 9.06%
Institutional Ownership Percentage: 45.36%

Transaction Date	Insider Name	Title	Buy/Sell	Number of Shares	Average Share Price	Total Transaction
5/2/2016	James B Debello	CEO	Sell	59,091	$8.11	$479,228.01
5/2/2016	Michael E Diamond	Insider	Sell	170,007	$8.06	$1,370,256.42
5/2/2016	Russell C Clark	CFO	Sell	109,568	$8.03	$879,831.04
2/18/2016	John M. Thornton	Director	Sell	243,663	$5.09	$1,240,244.67
12/9/2015	John M Thornton	Director	Sell	30,100	$5.00	$150,500.00
12/4/2015	John M Thornton	Director	Sell	142,037	$5.13	$728,649.81
12/2/2015	John M Thornton	Director	Sell	142,600	$5.15	$734,390.00
12/1/2015	John M Thornton	Director	Sell	726,900	$5.16	$3,750,804.00
11/30/2015	John M Thornton	Director	Sell	381,000	$5.25	$2,000,250.00
11/25/2015	John M Thornton	Director	Sell	182,400	$5.00	$912,000.00
11/24/2015	John M Thornton	Director	Sell	390,600	$5.00	$1,953,000.00
11/17/2015	Russell C. Clark	CFO	Sell	481	$4.35	$2,092.35
11/9/2015	James B Debello	CEO	Sell	9,050	$3.87	$35,023.50
11/9/2015	John M Thornton	Director	Sell	194,845	$4.00	$779,380.00
11/9/2015	Michael E Diamond	CRO	Sell	4,466	$3.87	$17,283.42
11/9/2015	Russell C Clark	CFO	Sell	3,180	$3.87	$12,306.60
11/6/2015	John M Thornton	Director	Sell	179,354	$4.00	$717,416.00
7/24/2015	James B Debello	CEO	Sell	75,490	$4.13	$311,773.70
7/24/2015	John M Thornton	Director	Sell	89,815	$4.11	$369,139.65
7/22/2015	James B Debello	CEO	Sell	39,569	$4.00	$158,276.00
7/22/2015	John M Thornton	Director	Sell	45,818	$4.00	$183,272.00
6/29/2015	James B Debello	CEO	Sell	9,506	$4.00	$38,024.00
6/29/2015	John M Thornton	Director	Sell	17,029	$4.00	$68,116.00
6/23/2015	James B Debello	CEO	Sell	63,285	$4.00	$253,140.00
6/23/2015	John M Thornton	Director	Sell	73,071	$4.00	$292,284.00
6/10/2015	James B Debello	CEO	Sell	13,812	$4.00	$55,248.00
6/10/2015	John M Thornton	Director	Sell	19,422	$4.00	$77,688.00
2/23/2015	James B Debello	CEO	Sell	3,751	$3.35	$12,565.85
2/23/2015	Russell C Clark	CFO	Sell	1,879	$3.35	$6,294.65
7/31/2014	Michael E Diamond	CRO	Sell	2,488	$3.15	$7,837.20
7/31/2014	Michael S Strange	CTO	Sell	2,459	$3.15	$7,745.85
7/31/2014	Scott R Carter	CMO	Sell	4,123	$3.15	$12,987.45
3/7/2014	Vinton Paul Cunningham	Director	Sell	14,000	$5.02	$70,280.00
2/27/2014	Gerald Farmer	Director	Sell	15,000	$5.12	$76,800.00
2/27/2014	Russell Clark	CFO	Sell	5,478	$5.05	$27,663.90
12/11/2013	James Debello	CEO	Sell	288,704	$6.24	$1,801,512.96
2/15/2013	James B Debello	CEO	Sell	138,187	$5.00	$690,935.00

(Data available from 1/1/2013 forward)

Latest Headlines for Mitek Systems (NASDAQ:MITK)

Date	Headline
	Mitek’s Mobile Verify Selected by iStack Holdings to Protect Access to Exclusive Digital Content (NASDAQ:MITK) finance.yahoo.com - September 27 at 10:45 AM
	Mitek's Mobile Verify Selected by iStack Holdings to Protect Access to Exclusive Digital Content (NASDAQ:MITK) www.publicnow.com - September 27 at 10:45 AM
	John M. Thornton Sells 182400 Shares of Mitek Systems Stock (MITK) - Petro Global News 24 (NASDAQ:MITK) petroglobalnews24.com - September 22 at 5:53 PM
	Stock Tracker: Earnings & Estimates for Mitek Systems, Inc. (NASDAQ:MITK) - Frisco Fastball (NASDAQ:MITK) friscofastball.com - September 22 at 5:53 PM
	Mitek : Mobile Verify™ Selected by Gambit Financial Solutions for Real-Time Identity Verification in Mobile Wealth Management (NASDAQ:MITK) www.4-traders.com - September 21 at 5:50 PM
	John M. Thornton Sells 390600 Shares of Mitek Systems Stock (MITK) - Petro Global News 24 (NASDAQ:MITK) petroglobalnews24.com - September 21 at 10:16 AM
	Mitek Systems, Inc. (NASDAQ:MITK) Given Average Recommendation of “Buy” from Analysts - DailyQuint (NASDAQ:MITK) dailyquint.com - September 20 at 11:18 AM
	Mitek’s Mobile Verify™ Selected by Gambit Financial Solutions for Real-Time Identity Verification in Mobile Wealth Management (NASDAQ:MITK) finance.yahoo.com - September 20 at 11:18 AM
	Mitek's Mobile Verify™ Selected by Gambit Financial Solutions for Real-Time Identity Verification in Mobile Wealth Management (NASDAQ:MITK) www.publicnow.com - September 20 at 11:18 AM
	Mitek Releases New Multi-Check Capture SDK, Making Commercial Mobile Deposit Easy to Deploy (NASDAQ:MITK) www.publicnow.com - September 15 at 9:35 AM
	Consensus Estimates on Earnings & Stock Price in Focus for Mitek Systems, Inc. (NASDAQ:MITK) Shares - Frisco Fastball (NASDAQ:MITK) friscofastball.com - September 14 at 6:16 PM
	Mitek Systems, Inc. (NASDAQ:MITK) Mean Price Target Is $9.062 - RealistInvestor.com (NASDAQ:MITK) www.realistinvestor.com - September 14 at 6:16 PM
	Analyst Expectations and Growth Review for Mitek Systems, Inc. (NASDAQ:MITK) - Post News (NASDAQ:MITK) www.kentuckypostnews.com - September 14 at 6:16 PM
	New Report Ranks 15 Top Banks on Mobile Deposit Customer Experience (NASDAQ:MITK) finance.yahoo.com - September 14 at 10:26 AM
	Mitek Announces b-Sharpe Has Selected Mobile Verify for Identity Verification (NASDAQ:MITK) www.publicnow.com - September 6 at 10:53 AM
	Mitek’s Mobile Fill™ Selected by Leading Online Mortgage Provider (NASDAQ:MITK) finance.yahoo.com - August 30 at 9:31 AM
	Application Software Stocks Under Scanner -- Rubicon Project, Mitek Systems, Innoviva, and Proofpoint (NASDAQ:MITK) www.forwardgeek.com - August 29 at 6:03 PM
	Application Software Stocks Under Scanner -- Rubicon Project, Mitek Systems, Innoviva, and Proofpoint - PR Newswire (press release) (NASDAQ:MITK) www.prnewswire.com - August 29 at 10:44 AM
	Stock Heading Down Over the Last Month Mitek Systems, Inc. (NASDAQ:MITK) - Post News (NASDAQ:MITK) www.kentuckypostnews.com - August 25 at 6:09 PM
	ETF’s with exposure to Mitek Systems, Inc. : August 22, 2016 (NASDAQ:MITK) www.capitalcube.com - August 22 at 6:11 PM
	Mitek : Miteks Mobile Fill Selected by Top Ten U.S. Bank (NASDAQ:MITK) www.4-traders.com - August 19 at 6:05 PM
	MITEK SYSTEMS INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Termination of a Material Definitiv (NASDAQ:MITK) biz.yahoo.com - August 19 at 6:05 PM
	Shares Moving Lower Over the Past Month Mitek Systems, Inc. (NASDAQ:MITK) - Post News (NASDAQ:MITK) www.kentuckypostnews.com - August 18 at 6:17 PM
	Wall Street Outlook and Growth Projections for Mitek Systems, Inc. (NASDAQ:MITK) - Post News (NASDAQ:MITK) www.kentuckypostnews.com - August 18 at 6:17 PM
	Miteks Mobile Fill Selected by Top Ten U.S. Bank (NASDAQ:MITK) www.itbusinessnet.com - August 17 at 6:25 PM
	Here's The Growth Forecast For Mitek Systems, Inc. (NASDAQ:MITK) - RealistInvestor.com (NASDAQ:MITK) www.realistinvestor.com - August 17 at 9:19 AM
	Mitek’s Mobile Fill™ Selected by Top Ten U.S. Bank (NASDAQ:MITK) finance.yahoo.com - August 17 at 9:19 AM
	MITEK SYSTEMS INC Financials (NASDAQ:MITK) finance.yahoo.com - August 10 at 6:38 PM
	Mitek Awarded New Patent for Innovative ID Document Classification Technology (NASDAQ:MITK) finance.yahoo.com - August 10 at 9:12 AM
	ETF’s with exposure to Mitek Systems, Inc. : August 8, 2016 (NASDAQ:MITK) www.capitalcube.com - August 8 at 6:23 PM
	Mitek Systems, Inc. :MITK-US: Earnings Analysis: Q3, 2016 By the Numbers : August 5, 2016 (NASDAQ:MITK) www.capitalcube.com - August 5 at 6:23 PM
	Mitek Systems, Inc. (NASDAQ:MITK) Mean Price Target At $9.062 - RealistInvestor.com (NASDAQ:MITK) www.realistinvestor.com - August 4 at 9:20 AM
	Mitek to Present at the Canaccord Genuity Growth Conference (NASDAQ:MITK) finance.yahoo.com - August 4 at 9:20 AM
	MITEK SYSTEMS INC Files SEC form 10-Q, Quarterly Report (NASDAQ:MITK) biz.yahoo.com - August 3 at 9:29 AM
	Miteks Mobile Verify Selected by a Leading Ticket Exchange (NASDAQ:MITK) www.consumerelectronicsnet.com - August 2 at 11:00 AM
	Mitek’s Mobile Verify™ Selected by a Leading Ticket Exchange (NASDAQ:MITK) finance.yahoo.com - August 2 at 11:00 AM
	Analysts Ranking Previews: Maxim Integrated Products, Inc. (NASDAQ:MXIM) , Mitek Systems, Inc. (NASDAQ:MITK) - Street Updates (NASDAQ:MITK) www.streetupdates.com - July 28 at 6:24 PM
	Mitek Systems tops Street 3Q forecasts (NASDAQ:MITK) sg.finance.yahoo.com - July 28 at 10:08 AM
	Mitek Reports 41% Revenue Growth and Profitability in Third Quarter Fiscal 2016 (NASDAQ:MITK) www.publicnow.com - July 28 at 8:58 AM
	MITEK SYSTEMS INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibit (NASDAQ:MITK) biz.yahoo.com - July 28 at 8:37 AM
	Q3 2016 Mitek Systems Earnings Conference Call (NASDAQ:MITK) www.publicnow.com - July 27 at 4:08 AM
	A Look At Mitek: 3 Bullish Developments Into Q3 Earnings (NASDAQ:MITK) feeds.benzinga.com - July 25 at 3:58 PM
	Mitek Spikes After Bullish Report On Benzinga Pro (NASDAQ:MITK) feeds.benzinga.com - July 25 at 3:58 PM
	Brokers Issue Average Price Target Of 6.95 On Mitek Systems, Inc. (MITK) - Fiscal Standard (NASDAQ:MITK) www.fiscalstandard.com - July 22 at 6:05 PM
	Option Market: Mitek Systems Inc (NASDAQ:MITK) Risk Hits An Unsually High Level - CML News (NASDAQ:MITK) news.cmlviz.com - July 22 at 6:05 PM
	Earnings Estimates Spotlight: Mitek Systems, Inc. (NASDAQ:MITK) - News Oracle (NASDAQ:MITK) www.newsoracle.com - July 21 at 6:27 PM
	Mitek to Report Third Quarter Fiscal 2016 Financial Results on July 28, 2016 (NASDAQ:MITK) finance.yahoo.com - July 21 at 4:05 PM
	7:02 am Mitek Systems announces it 'successfully defended its technology in the patent infringement case brought forth by Rothschild Mobile Imaging Innovations' (NASDAQ:MITK) finance.yahoo.com - July 21 at 7:02 AM
	Mitek Prevails in Rothschild Patent Infringement Suit (NASDAQ:MITK) finance.yahoo.com - July 21 at 7:00 AM
	Trade These 7 Stocks Under $10 for Huge Profits (NASDAQ:MITK) www.thestreet.com - July 20 at 7:11 AM