Mitek Systems Company Profile (NASDAQ:MITK)

About Mitek Systems (NASDAQ:MITK)

Mitek Systems logoMitek 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 their 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 various ways. The Company's products include Mobile Verify, Mobile Fill, Mobile Docs, Mobile Deposit and Commercial Mobile Deposit Capture. Its mobile technology solutions are provided in two parts: a software development kit (SDK) for mobile capture, and a software platform for image correction, detection, extraction and authentication.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Mobile Application Software
  • Sub-Industry: N/A
  • Symbol: NASDAQ:MITK
  • CUSIP: N/A
  • Web:
  • Market Cap: $325.78 million
  • Outstanding Shares: 33,586,000
Average Prices:
  • 50 Day Moving Avg: $9.72
  • 200 Day Moving Avg: $9.02
  • 52 Week Range: $5.26 - $10.75
  • Trailing P/E Ratio: 164.41
  • Foreward P/E Ratio: 43.18
  • P/E Growth: 1.71
Sales & Book Value:
  • Annual Revenue: $42.16 million
  • Price / Sales: 7.57
  • Book Value: $1.38 per share
  • Price / Book: 6.88
  • EBITDA: $5.39 million
  • Net Margins: 5.19%
  • Return on Equity: 10.45%
  • Return on Assets: 8.65%
  • Current Ratio: 4.84%
  • Quick Ratio: 4.84%
  • Average Volume: 338,117 shs.
  • Beta: 0.73
  • Short Ratio: 2.02

Frequently Asked Questions for Mitek Systems (NASDAQ:MITK)

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 results on Thursday, July, 27th. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.02. The company had revenue of $11.80 million for the quarter, compared to analyst estimates of $11.48 million. Mitek Systems had a return on equity of 10.45% and a net margin of 5.19%. The company's quarterly revenue was up 29.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.07 earnings per share. View Mitek Systems' Earnings History.

Where is Mitek Systems' stock going? Where will Mitek Systems' stock price be in 2017?

5 analysts have issued 12-month target prices for Mitek Systems' shares. Their predictions range from $8.00 to $12.00. On average, they anticipate Mitek Systems' stock price to reach $10.60 in the next year. View Analyst Ratings for Mitek Systems.

What are 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. " (8/3/2017)
  • 2. Needham & Company LLC analysts commented, "Mitek delivered 1Q17 results above consensus with revenue of $9.3M (vs. Street $8.7M) and non-GAAP EPS of $0.03 (vs. Street $0.02). Software revenue of $6.0M grew 27% y/y and was well-ahead of our estimates for $5.2M as mobile deposit trends remain strong. While the strength in the software line is encouraging, we think investors would favor (and reward) growth in the services lines which includes revenue from Mitek's cloud-based identity and authentication products. We expect the deals that Mitek has closed in the ID space to contribute more meaningfully to revenue through the remainder of FY17. We believe that as Mobile Deposit trends remain strong to accelerating and Mitek continues gaining traction with its ID products, top line growth will accelerate and shares will be rewarded with a higher multiple." (2/2/2017)

Who are some of Mitek Systems' key competitors?

Who are Mitek Systems' key executives?

Mitek Systems' management team includes the folowing people:

  • James B. DeBello, Chairman of the Board, President, Chief Executive Officer
  • Jeffrey C. Davison, Chief Financial Officer
  • Kalle Marsal, Chief Operating Officer, Chief Marketing Officer
  • Stephen Ritter, Chief Technology Officer
  • Jason L. Gray, General Counsel and Administrative Officer
  • Michael E. Diamond, Chief Revenue Officer
  • Bruce Edward Hansen, Lead Independent Director
  • Kenneth D. Denman, Director
  • Jane J. Thompson, Director
  • William K. Aulet, Independent Director

Who owns Mitek Systems stock?

Mitek Systems' stock is owned by many different of retail and institutional investors. Top institutional investors include Eqis Capital Management Inc. (0.07%). Company insiders that own Mitek Systems stock include Clark Sarah, James B Debello, Jason Gray, John M Thornton, Michael E Diamond, Russell C Clark and Vinton Paul Cunningham. View Institutional Ownership Trends for Mitek Systems.

Who sold Mitek Systems stock? Who is selling Mitek Systems stock?

Mitek Systems' stock was sold by a variety of institutional investors in the last quarter, including Eqis Capital Management Inc.. Company insiders that have sold Mitek Systems stock in the last year include Clark Sarah, James B Debello, Jason Gray, Russell C Clark and Vinton Paul Cunningham. View Insider Buying and Selling for Mitek Systems.

How do I buy Mitek Systems stock?

Shares of Mitek Systems can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Mitek Systems' stock price today?

One share of Mitek Systems stock can currently be purchased for approximately $9.50.

MarketBeat Community Rating for Mitek Systems (NASDAQ MITK)
Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  136 (Vote Outperform)
Underperform Votes:  141 (Vote Underperform)
Total Votes:  277
MarketBeat's community ratings are surveys of what our community members think about Mitek Systems and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Mitek Systems (NASDAQ:MITK) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 5 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $10.60 (11.58% upside)
Consensus Price Target History for Mitek Systems (NASDAQ:MITK)
Price Target History for Mitek Systems (NASDAQ:MITK)
Analysts' Ratings History for Mitek Systems (NASDAQ:MITK)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/28/2017Roth CapitalSet Price TargetBuy$12.00LowView Rating Details
7/25/2017Northland SecuritiesReiterated RatingBuy$11.00MediumView Rating Details
7/24/2017Benchmark Co.Boost Price TargetBuy -> Buy$10.00 -> $12.00HighView Rating Details
2/2/2017Needham & Company LLCLower Price TargetBuy$9.50 -> $8.00N/AView Rating Details
12/8/2016BTIG ResearchInitiated CoverageBuy$10.00N/AView Rating Details
1/31/2016William BlairReiterated RatingOutperformN/AView Rating Details
(Data available from 10/20/2015 forward)


Earnings History for Mitek Systems (NASDAQ:MITK)
Earnings by Quarter for Mitek Systems (NASDAQ:MITK)
Earnings History by Quarter for Mitek Systems (NASDAQ MITK)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/27/2017Q3 2017$0.08$0.10$11.48 million$11.80 millionViewN/AView Earnings Details
4/28/2017Q2 2017$0.02$0.04$10.33 million$11.40 millionViewN/AView Earnings Details
2/2/2017Q117$0.03$0.03$8.74 million$9.30 millionViewListenView Earnings Details
11/3/2016Q416$0.06$0.07$9.60 million$9.67 millionViewN/AView Earnings Details
7/28/2016Q316$0.04$0.07$8.31 million$9.10 millionViewListenView Earnings Details
4/28/2016Q216$0.04$0.07$7.38 million$8.52 millionViewListenView Earnings Details
1/28/2016Q116$0.02$0.04$6.45 million$7.40 millionViewListenView Earnings Details
11/5/2015Q415$0.03$0.09$6.59 million$7.90 millionViewN/AView Earnings Details
7/23/2015Q315$0.04$0.07$5.83 million$6.40 millionViewListenView Earnings Details
4/30/2015Q215$0.03$0.05$5.40 million$5.70 millionViewN/AView Earnings Details
1/29/2015Q115($0.05)$0.02$5.26 million$5.39 millionViewN/AView Earnings Details
11/6/2014Q414($0.06)$0.04$5.00 million$5.50 millionViewN/AView Earnings Details
5/1/2014Q214($0.07)($0.07)$4.37 million$4.50 millionViewN/AView Earnings Details
2/6/2014Q114($0.08)($0.02)$4.09 million$4.50 millionViewN/AView Earnings Details
11/7/2013Q413($0.08)($0.02)$3.38 million$4.38 millionViewN/AView Earnings Details
7/25/2013Q3 2013($0.07)($0.05)$3.10 million$3.88 millionViewN/AView Earnings Details
5/7/2013Q2 2013($0.04)($0.06)$2.37 million$3.20 millionViewN/AView Earnings Details
1/31/2013Q1 2013($0.05)($0.03)$2.19 million$3.30 millionViewN/AView Earnings Details
11/7/2012Q412($0.04)($0.09)$3.42 million$1.20 millionViewN/AView Earnings Details
7/24/2012($0.03)($0.05)ViewN/AView Earnings Details
5/2/2012$0.02($0.09)ViewN/AView Earnings Details
2/7/2012$0.02ViewN/AView Earnings Details
11/14/2011$0.01($0.01)ViewN/AView Earnings Details
8/8/2011($0.06)$0.01ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Mitek Systems (NASDAQ:MITK)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.04$0.04$0.04
Q2 20171$0.06$0.06$0.06
Q3 20171$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

Insider Trades

Insider Trading and Institutional Ownership History for Mitek Systems (NASDAQ:MITK)
Insider Ownership Percentage: 8.52%
Institutional Ownership Percentage: 42.68%
Insider Trades by Quarter for Mitek Systems (NASDAQ:MITK)
Institutional Ownership by Quarter for Mitek Systems (NASDAQ:MITK)
Insider Trades by Quarter for Mitek Systems (NASDAQ:MITK)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
7/3/2017Russell C ClarkCFOSell39,400$8.25$325,050.00View SEC Filing  
5/2/2017Clark SarahInsiderSell2,680$8.55$22,914.00View SEC Filing  
4/27/2017Jason GrayInsiderSell7,789$8.20$63,869.80View SEC Filing  
3/15/2017Vinton Paul CunninghamDirectorSell30,000$5.87$176,100.00View SEC Filing  
11/17/2016James B DebelloCEOSell22,769$5.41$123,180.29View SEC Filing  
11/17/2016Russell C ClarkInsiderSell15,349$5.41$83,038.09View SEC Filing  
5/2/2016James B DebelloCEOSell59,091$8.11$479,228.01View SEC Filing  
5/2/2016Michael E DiamondInsiderSell170,007$8.06$1,370,256.42View SEC Filing  
5/2/2016Russell C ClarkCFOSell109,568$8.03$879,831.04View SEC Filing  
2/18/2016John M. ThorntonDirectorSell243,663$5.09$1,240,244.67View SEC Filing  
12/9/2015John M ThorntonDirectorSell30,100$5.00$150,500.00View SEC Filing  
12/4/2015John M ThorntonDirectorSell142,037$5.13$728,649.81View SEC Filing  
12/2/2015John M ThorntonDirectorSell142,600$5.15$734,390.00View SEC Filing  
12/1/2015John M ThorntonDirectorSell726,900$5.16$3,750,804.00View SEC Filing  
11/30/2015John M ThorntonDirectorSell381,000$5.25$2,000,250.00View SEC Filing  
11/25/2015John M ThorntonDirectorSell182,400$5.00$912,000.00View SEC Filing  
11/24/2015John M ThorntonDirectorSell390,600$5.00$1,953,000.00View SEC Filing  
11/17/2015Russell C. ClarkCFOSell481$4.35$2,092.35View SEC Filing  
11/9/2015James B DebelloCEOSell9,050$3.87$35,023.50View SEC Filing  
11/9/2015John M ThorntonDirectorSell194,845$4.00$779,380.00View SEC Filing  
11/9/2015Michael E DiamondCROSell4,466$3.87$17,283.42View SEC Filing  
11/9/2015Russell C ClarkCFOSell3,180$3.87$12,306.60View SEC Filing  
11/6/2015John M ThorntonDirectorSell179,354$4.00$717,416.00View SEC Filing  
7/24/2015James B DebelloCEOSell75,490$4.13$311,773.70View SEC Filing  
7/24/2015John M ThorntonDirectorSell89,815$4.11$369,139.65View SEC Filing  
7/22/2015James B DebelloCEOSell39,569$4.00$158,276.00View SEC Filing  
7/22/2015John M ThorntonDirectorSell45,818$4.00$183,272.00View SEC Filing  
6/29/2015James B DebelloCEOSell9,506$4.00$38,024.00View SEC Filing  
6/29/2015John M ThorntonDirectorSell17,029$4.00$68,116.00View SEC Filing  
6/23/2015James B DebelloCEOSell63,285$4.00$253,140.00View SEC Filing  
6/23/2015John M ThorntonDirectorSell73,071$4.00$292,284.00View SEC Filing  
6/10/2015James B DebelloCEOSell13,812$4.00$55,248.00View SEC Filing  
6/10/2015John M ThorntonDirectorSell19,422$4.00$77,688.00View SEC Filing  
2/23/2015James B DebelloCEOSell3,751$3.35$12,565.85View SEC Filing  
2/23/2015Russell C ClarkCFOSell1,879$3.35$6,294.65View SEC Filing  
7/31/2014Michael E DiamondCROSell2,488$3.15$7,837.20View SEC Filing  
7/31/2014Michael S StrangeCTOSell2,459$3.15$7,745.85View SEC Filing  
7/31/2014Scott R CarterCMOSell4,123$3.15$12,987.45View SEC Filing  
3/7/2014Vinton Paul CunninghamDirectorSell14,000$5.02$70,280.00View SEC Filing  
2/27/2014Gerald FarmerDirectorSell15,000$5.12$76,800.00View SEC Filing  
2/27/2014Russell ClarkCFOSell5,478$5.05$27,663.90View SEC Filing  
12/11/2013James DebelloCEOSell288,704$6.24$1,801,512.96View SEC Filing  
2/15/2013James B DebelloCEOSell138,187$5.00$690,935.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Mitek Systems (NASDAQ:MITK)
Latest Headlines for Mitek Systems (NASDAQ:MITK)
DateHeadline logoMitek Systems, Inc. (MITK) Receives Consensus Recommendation of "Buy" from Analysts - October 18 at 2:48 PM logoETFs with exposure to Mitek Systems, Inc. : October 16, 2017 - October 16 at 8:15 PM logoMitek Acquires ICAR, Strengthening its Position as a Global Leader in Digital Identity Verification - October 16 at 8:15 PM logo Analysts Anticipate Mitek Systems, Inc. (MITK) Will Announce Quarterly Sales of $12.21 Million - October 7 at 1:50 PM logoYubico uses Mitek’s Mobile Verify® to Provide Secure Access to State and Local Government Services - October 4 at 7:57 AM logoETFs with exposure to Mitek Systems, Inc. : October 2, 2017 - October 2 at 11:51 AM logoSecond Annual Mobile Deposit Benchmark Report Shows Adoption Accelerating at Record Pace - September 27 at 9:37 AM logoMitek Systems, Inc. (MITK) Set to Announce Quarterly Earnings on Monday - September 25 at 1:22 AM logoMitek Systems, Inc. (MITK) Receives Average Recommendation of "Buy" from Analysts - September 23 at 12:36 PM logoMitek Systems (MITK) Appoints Jane Thompson to Board - - September 22 at 5:43 AM logoETFs with exposure to Mitek Systems, Inc. : September 19, 2017 - September 20 at 6:19 AM logoMitek Systems, Inc. :MITK-US: Earnings Analysis: Q3, 2017 By the Numbers : September 18, 2017 - September 18 at 10:12 PM logoMitek Systems, Inc. (MITK) Expected to Post Quarterly Sales of $12.21 Million - September 18 at 5:46 AM logoMitek Systems, Inc. – Value Analysis (NASDAQ:MITK) : September 14, 2017 - September 14 at 7:45 AM logoMitek Joins PayPal, Deloitte and Alphabet on Panel at Mobile World Congress Americas - September 13 at 6:33 AM logoMitek Joins PayPal, Deloitte and Alphabet on Panel at Mobile World Congress Americas - September 13 at 6:33 AM logoMitek Systems, Inc. breached its 50 day moving average in a Bullish Manner : MITK-US : September 12, 2017 - September 13 at 6:33 AM logoMitek Systems, Inc. breached its 50 day moving average in a Bullish Manner : MITK-US : September 12, 2017 - September 13 at 6:33 AM logoMitek Unveils Mobile Verify® for Lending; Simple Five Step Application Process Includes Identity and Bank Account Verification - September 12 at 1:46 AM logoiDreamSky Technology (DSKY) vs. Mitek Systems (MITK) Financial Analysis - September 11 at 2:24 AM logoMitek’s Mobile Verify® Creates User Trust for Online Dating Site - September 7 at 5:28 AM logoComparing China Mobile Games & Entnmnt Grp (CMGE) and Mitek Systems (MITK) - August 30 at 9:12 AM logoMitek Systems, Inc. (MITK) Given Consensus Recommendation of "Buy" by Brokerages - August 29 at 12:36 PM logo Analysts Expect Mitek Systems, Inc. (MITK) Will Post Earnings of $0.09 Per Share - August 29 at 12:20 AM logoHead to Head Comparison: Mitek Systems (MITK) versus iDreamSky Technology (DSKY) - August 26 at 10:22 AM logoCritical Analysis: Telenav (TNAV) versus Mitek Systems (MITK) - August 21 at 8:08 PM logoHead-To-Head Survey: Mitek Systems (MITK) & Snap (SNAP) - August 14 at 12:52 PM logoMitek Systems, Inc. (MITK) Short Interest Update - August 14 at 3:04 AM logoMitek Systems, Inc. (NASDAQ:MITK) Expected to Announce Quarterly Sales of $12.21 Million - August 12 at 5:38 AM logoReviewing Mitek Systems (NASDAQ:MITK) and China Mobile Games & Entnmnt Grp (CMGE) - August 10 at 12:46 PM logoMitek’s Mobile Verify® Now Has NFC Capabilities, an Additional Factor of Authentication for Billions of Global Electronic IDs - August 9 at 12:10 AM logoMitek Systems (NASDAQ:MITK) vs. China Mobile Games & Entnmnt Grp (CMGE) Head-To-Head Contrast - August 7 at 10:08 PM logoMomo (MOMO) and Mitek Systems (MITK) Financial Analysis - August 5 at 6:30 PM logoWatch These 4 Huge Call Purchases In Friday Trade - Benzinga - August 5 at 3:20 AM logoMitek Systems, Inc. (NASDAQ:MITK) Receives Consensus Rating of "Buy" from Analysts - August 4 at 3:00 PM logoMitek to Present at Canaccord Genuity Growth Conference in Boston on August 9, 2017 - August 2 at 5:44 AM logoTelenav (TNAV) vs. Mitek Systems (MITK) Head-To-Head Analysis - August 1 at 8:30 PM logoMid-Afternoon Market Update: CDI Gains On Acquisition News; Hertz Global Shares Slide - July 31 at 8:15 PM logoETFs with exposure to Mitek Systems, Inc. : July 31, 2017 - July 31 at 8:14 PM logoMitek Systems' (MITK) CEO James DeBello on Fiscal Q3 2017 Results - Earnings Call Transcript - Seeking Alpha - July 28 at 9:12 PM logoMitek Systems, Inc. (MITK) Issues Earnings Results, Beats Estimates By $0.02 EPS - July 28 at 6:59 PM logoEdited Transcript of MITK earnings conference call or presentation 27-Jul-17 8:30pm GMT - July 28 at 4:12 PM logoRoth Capital Reiterates $12.00 Price Target for Mitek Systems, Inc. (MITK) - July 28 at 2:09 PM logoInvestor Network: Mitek Systems, Inc. to Host Earnings Call - July 28 at 4:32 AM logoMitek Reports Record Revenue in Third Quarter of Fiscal 2017 - July 28 at 4:31 AM logoMitek Systems meets 3Q profit forecasts - July 28 at 4:31 AM logoMitek Systems, Inc. (MITK) Stock Rating Reaffirmed by Northland Securities - July 25 at 9:32 PM logoMitek appoints SaaS industry veteran René Hendrikse as VP and Managing Director for EMEA to accelerate growth in Europe - July 25 at 5:10 AM logoMitek Systems, Inc. (MITK) PT Raised to $12.00 - July 24 at 10:43 AM logoMitek Systems, Inc. (NASDAQ:MITK) PT Set at $11.00 by Roth Capital - July 23 at 4:20 PM



Mitek Systems (MITK) Chart for Friday, October, 20, 2017

This page was last updated on 10/20/2017 by Staff

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