NASDAQ:MITK - Mitek Systems Stock Price, News, & Analysis

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$10.22 +0.03 (+0.29 %)
(As of 05/22/2019 02:37 PM ET)
Previous Close$10.19
Today's Range$10.14 - $10.28
52-Week Range$6.32 - $13.07
Volume405,849 shs
Average Volume431,417 shs
Market Capitalization$395.87 million
P/E Ratio78.62
Dividend YieldN/A
Beta-0.4
Mitek Systems, Inc. develops, markets, and sells mobile image capture and identity verification software solutions in the United States, Europe, Latin America, and internationally. The company's solutions are embedded in native mobile apps and mobile optimized Websites to enhance mobile user experiences, fraud detection and reduction, and compliant transactions. It offers Mobile Deposit that allows 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 to verify people's identities at the point of onboarding through Web or mobile device. The company also provides Mobile Fill, a mobile identity capture solution to pre-fill forms with personal data by snapping a picture of the consumer's driver license, credit card, or other similar identity documents; Mobile Docs, a mobile document scanning solution; and MiSnap, a touch-free automated capture technology. In addition, it offers A2iA CheckReader that enables financial institutions to automatically extract data from checks; A2iA DocumentReader, a document classification and data extraction tool; A2iA TextReader that enables text transcription for printed and cursive handwritten text recognition; and ID_CLOUD, an automated identity verification solution that is integrated into a customers' application to read and validate identity documents. The company sells its solutions primarily to banks, credit unions, lenders, payments processers, card issuers, fintech companies, etc. through direct sales teams and channel partners. Mitek Systems, Inc. was founded in 1983 and is based in San Diego, California.

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Industry, Sector and Symbol

Industry Computer peripheral equipment, not elsewhere classified
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:MITK
CUSIPN/A
Phone619-269-6800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$63.56 million
Cash Flow$0.2551 per share
Book Value$2.53 per share

Profitability

Net Income$-11,800,000.00

Miscellaneous

Employees293
Market Cap$395.87 million
Next Earnings Date7/25/2019 (Estimated)
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) announced its earnings results on Wednesday, May, 1st. The software maker reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. The software maker had revenue of $19.98 million for the quarter, compared to the consensus estimate of $19.20 million. Mitek Systems had a negative net margin of 11.79% and a positive return on equity of 4.43%. The business's quarterly revenue was up 39.9% on a year-over-year basis. During the same period last year, the company posted $0.06 EPS. View Mitek Systems' Earnings History.

When is Mitek Systems' next earnings date?

Mitek Systems is scheduled to release their next quarterly earnings announcement on Thursday, July 25th 2019. View Earnings Estimates for Mitek Systems.

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

Mitek Systems issued an update on its FY 2019 earnings guidance on Wednesday, May, 1st. The company provided EPS guidance of for the period. The company issued revenue guidance of $84-86 million, compared to the consensus revenue estimate of $84.56 million.

What price target have analysts set for MITK?

2 brokers have issued 12 month price objectives for Mitek Systems' stock. Their predictions range from $14.00 to $20.00. On average, they expect Mitek Systems' stock price to reach $17.00 in the next twelve months. This suggests a possible upside of 66.3% 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.

Has Mitek Systems been receiving favorable news coverage?

Press coverage about MITK stock has trended somewhat negative recently, according to InfoTrie. InfoTrie scores the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Mitek Systems earned a media sentiment score of -1.9 on InfoTrie's scale. They also gave media coverage about the software maker a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the near term.

Who are some of Mitek Systems' key competitors?

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), Micron Technology (MU), NVIDIA (NVDA), SunPower (SPWR), Alibaba Group (BABA), Canopy Growth (CGC), Ultra Clean (UCTT), salesforce.com (CRM), Align Technology (ALGN) and Cara Therapeutics (CARA).

Who are Mitek Systems' key executives?

Mitek Systems' management team includes the folowing people:
  • Mr. Jeffrey C. Davison CPA, Chief Financial Officer (Age 54)
  • Mr. Stephen J. Ritter, Chief Technology Officer (Age 49)
  • Mr. Scipio Maximus Carnecchia, CEO & Director (Age 56)
  • Mr. Todd Kehrli, Investor Contacts
  • Mr. Jason L. Gray, Chief Legal Officer, Chief Compliance Officer & Corp. Sec. (Age 48)

Who are Mitek Systems' major shareholders?

Mitek Systems' stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.38%), Paradigm Capital Management Inc. NY (1.95%), Independent Advisor Alliance (1.64%), Geode Capital Management LLC (1.13%), S Squared Technology LLC (1.12%) and Northern Trust Corp (1.04%). 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 and Stephen Ritter. 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 THB Asset Management, Wells Fargo & Company MN, BlackRock Inc., P.A.W. Capital Corp, FNY Investment Advisers LLC, AQR Capital Management LLC, S Squared Technology LLC and Rice Hall James & Associates LLC. Company insiders that have sold Mitek Systems company stock in the last year include Bruce Edward Hansen, 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 bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Royce & Associates LP, Granite Investment Partners LLC, GABELLI & Co INVESTMENT ADVISERS INC., Gabelli Funds LLC, Cornercap Investment Counsel Inc., Marshall Wace LLP and Geode Capital Management LLC. 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 $10.22.

How big of a company is Mitek Systems?

Mitek Systems has a market capitalization of $395.87 million and generates $63.56 million in revenue each year. The software maker earns $-11,800,000.00 in net income (profit) each year or $0.13 on an earnings per share basis. Mitek Systems employs 293 workers across the globe.

What is Mitek Systems' official website?

The official website for Mitek Systems is http://www.miteksystems.com/.

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)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  278 (Vote Outperform)
Underperform Votes:  302 (Vote Underperform)
Total Votes:  580
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.
This page was last updated on 5/22/2019 by MarketBeat.com Staff

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