Mitek Systems Stock Price, News & Analysis (NASDAQ:MITK) $11.18 -0.13 (-1.15%) (As of 03:45 PM ET) Add Compare Share Share Today's Range$11.03▼$11.5850-Day Range$9.59▼$11.3152-Week Range$8.60▼$13.98Volume279,918 shsAverage Volume343,494 shsMarket Capitalization$509.70 millionP/E Ratio62.11Dividend YieldN/APrice Target$19.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Mitek Systems MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside68.9% Upside$19.00 Price TargetShort InterestBearish7.39% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.63Based on 3 Articles This WeekInsider TradingSelling Shares$75,787 Sold Last QuarterProj. Earnings Growth18.42%From $0.76 to $0.90 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.47 out of 5 starsComputer And Technology Sector94th out of 596 stocksComputer Peripheral Equipment, Not Elsewhere Classified Industry2nd out of 13 stocks 3.5 Analyst's Opinion Consensus RatingMitek Systems has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $19.00, Mitek Systems has a forecasted upside of 68.9% from its current price of $11.25.Amount of Analyst CoverageMitek Systems has only been the subject of 1 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted7.39% of the outstanding shares of Mitek Systems have been sold short.Short Interest Ratio / Days to CoverMitek Systems has a short interest ratio ("days to cover") of 6.8.Change versus previous monthShort interest in Mitek Systems has recently increased by 5.64%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldMitek Systems does not currently pay a dividend.Dividend GrowthMitek Systems does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MITK. Previous Next 2.0 News and Social Media Coverage News SentimentMitek Systems has a news sentiment score of 0.63. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Mitek Systems this week, compared to 2 articles on an average week.Search InterestOnly 2 people have searched for MITK on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.MarketBeat FollowsOnly 5 people have added Mitek Systems to their MarketBeat watchlist in the last 30 days. This is a decrease of -17% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Mitek Systems insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $75,787.00 in company stock.Percentage Held by InsidersOnly 4.40% of the stock of Mitek Systems is held by insiders.Percentage Held by Institutions74.83% of the stock of Mitek Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Mitek Systems are expected to grow by 18.42% in the coming year, from $0.76 to $0.90 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Mitek Systems is 62.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.54.Price to Earnings Ratio vs. SectorThe P/E ratio of Mitek Systems is 62.50, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 235.70.Price to Book Value per Share RatioMitek Systems has a P/B Ratio of 2.95. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Mitek Systems Stock (NASDAQ:MITK)Mitek Systems, Inc. provides mobile image capture and digital identity verification solutions worldwide. Its product portfolio includes Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications; and Mobile Fill, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion. The company also offers MiSnap, a mobile-capture software development kit that enables an intuitive user experience and instant capture of quality images of identity documents and checks. CheckReader enables financial institutions to automatically extract data from checks once they have been scanned or photographed by the application; 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. In addition, it provides MiVIP, an end-to-end KYC platform that allows companies to design, build, and deploy robust KYC journeys with little or no development resources; and MiPass provides protection against most sophisticated forms of identity theft and dangerous fraud techniques, such as deepfakes and synthetic identities. 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 to 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.Read More MITK Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MITK Stock News HeadlinesNovember 28, 2023 | finance.yahoo.comAbrigo and Mitek partner to enhance fraud detection for financial institutionsNovember 24, 2023 | finance.yahoo.comMitek Systems, Inc.'s (NASDAQ:MITK) Intrinsic Value Is Potentially 57% Above Its Share PriceNovember 29, 2023 | Tomorrow Investor (Ad)The Only Practical Solution to the World’s Looming Energy CrisisThere’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!November 20, 2023 | americanbankingnews.comMitek Systems, Inc. (NASDAQ:MITK) Insider Sells $32,310.00 in StockNovember 10, 2023 | finance.yahoo.comWith 73% ownership, Mitek Systems, Inc. (NASDAQ:MITK) boasts of strong institutional backingNovember 7, 2023 | finance.yahoo.comNew Report Reveals Growing Small Business Check Fraud ProblemNovember 1, 2023 | markets.businessinsider.comJefferies Analyst Recommends Mitek Systems for Buy, Foresees Growth in Mobile Deposits and Identity Verification BusinessesOctober 30, 2023 | gurufocus.comThe Mitek Systems Inc (MITK) Company: A Short SWOT AnalysisNovember 29, 2023 | Autonomix (Ad)[Investor Alert] Potential Breakthrough Medical Tech Investment OpportunityAutonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.comOctober 29, 2023 | markets.businessinsider.comMitek Systems Outperforms Q3 Expectations: Sustained Growth and New Partnerships Drive Analyst’s Buy RatingOctober 28, 2023 | finance.yahoo.comMitek Systems, Inc. (NASDAQ:MITK) Q3 2023 Earnings Call TranscriptOctober 27, 2023 | msn.comUpdate: MITK, October 27October 26, 2023 | finance.yahoo.comMitek Reports Fiscal 2023 Third Quarter Financial Results; Reiterates Fiscal Full Year GuidanceOctober 26, 2023 | finance.yahoo.comMitek Systems Inc (MITK) Reports Fiscal 2023 Third Quarter Financial ResultsOctober 25, 2023 | benzinga.comA Preview Of Mitek Systems's EarningsOctober 20, 2023 | finance.yahoo.comMitek to Report Fiscal 2023 Third Quarter Financial Results on October 26, 2023October 17, 2023 | finance.yahoo.comMitek Appoints Technology Veteran Gillian Channer as Vice President of Identity Product ManagementOctober 10, 2023 | finance.yahoo.comConcerned Stockholder Group Issues Letter to Mitek Systems’ Board of Directors Regarding the Urgent Need to Explore Strategic AlternativesOctober 5, 2023 | stocknews.com3 Standout Software Stocks That Investors Are Flocking to in OctoberOctober 4, 2023 | msn.comMitek Systems (MITK) Price Target Increased by 22.41% to 18.11September 28, 2023 | tmcnet.comMitek named leader in Liminal's analysis of companies offering account opening protectionSeptember 28, 2023 | finance.yahoo.comMitek named leader in Liminal’s analysis of companies offering account opening protectionSeptember 23, 2023 | theglobeandmail.comWhy Mitek Systems Stock Popped TodaySeptember 21, 2023 | finance.yahoo.comEquifax and Mitek Join Forces to Protect Consumers OnlineSeptember 20, 2023 | finance.yahoo.comMitek Systems, Inc. (NASDAQ:MITK) Q2 2023 Earnings Call TranscriptSeptember 15, 2023 | finance.yahoo.comMitek Systems (MITK) is on the Move, Here's Why the Trend Could be SustainableSeptember 15, 2023 | finanznachrichten.deMitek Systems, Inc. Delivers Record Fiscal Second Quarter Revenue, Up 35% Year Over Year; Reiterates Fiscal Full Year GuidanceSee More Headlines Receive MITK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Mitek Systems and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings10/26/2023Today11/29/2023Next Earnings (Estimated)7/04/2024Fiscal Year End9/30/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Computer peripheral equipment, not elsewhere classified Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:MITK CUSIPN/A CIK807863 Webwww.miteksystems.com Phone(619) 269-6800Fax619-269-6801Employees565Year FoundedN/APrice Target and Rating Average Stock Price Target$19.00 High Stock Price Target$19.00 Low Stock Price Target$19.00 Potential Upside/Downside+67.7%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$0.18 Trailing P/E Ratio62.95 Forward P/E Ratio14.91 P/E GrowthN/ANet Income$3.03 million Net Margins4.88% Pretax Margin8.31% Return on Equity19.55% Return on Assets9.64% Debt Debt-to-Equity Ratio0.64 Current Ratio3.32 Quick Ratio3.32 Sales & Book Value Annual Sales$143.94 million Price / Sales3.59 Cash Flow$1.21 per share Price / Cash Flow9.37 Book Value$3.81 per share Price / Book2.97Miscellaneous Outstanding Shares45,590,000Free Float43,584,000Market Cap$516.53 million OptionableOptionable Beta0.94 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.Get This Free Report Key ExecutivesMr. Scott R. Carter (Age 53)Executive Chair Comp: $28.11kMr. Scipio Maximus Carnecchia (Age 60)CEO & Director Comp: $909.72kMr. Michael E. Diamond (Age 58)Senior VP & GM of Digital Banking Comp: $483.09kMr. Fuad Ahmad (Age 53)Interim Chief Financial Officer Mr. Todd KehrliInvestor ContactsMr. Jason L. Gray (Age 52)Chief Legal Officer, Chief Compliance Officer & Corporate Secretary Comp: $575.91kAngela M. RomeiCorporate Communications DirectorMs. Cindy WhiteChief Marketing OfficerMs. Judith Ohrn Hicks (Age 59)Senior Vice President of People Operations Mr. Chris BriggsSenior VP of Identity & Head of ProductsMore ExecutivesKey CompetitorsEvolv TechnologiesNASDAQ:EVLVStratasysNASDAQ:SSYSImmersionNASDAQ:IMMRIdentivNASDAQ:INVEDaktronicsNASDAQ:DAKTView All CompetitorsInsiders & InstitutionsDeutsche Bank AGBought 4,729 shares on 11/24/2023Ownership: 0.048%Ameriprise Financial Inc.Sold 31,171 shares on 11/15/2023Ownership: 1.973%Ranger Investment Management L.P.Sold 36,945 shares on 11/15/2023Ownership: 1.411%AQR Capital Management LLCSold 11,763 shares on 11/15/2023Ownership: 0.198%Akaris Global Partners LPBought 41,047 shares on 11/15/2023Ownership: 0.090%View All Insider TransactionsView All Institutional Transactions MITK Stock Analysis - Frequently Asked Questions Should I buy or sell Mitek Systems stock right now? 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mitek Systems in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MITK shares. View MITK analyst ratings or view top-rated stocks. What is Mitek Systems' stock price target for 2024? 1 equities research analysts have issued 12 month price targets for Mitek Systems' stock. Their MITK share price targets range from $19.00 to $19.00. On average, they expect the company's stock price to reach $19.00 in the next year. This suggests a possible upside of 69.9% 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 2023? Mitek Systems' stock was trading at $9.69 at the start of the year. Since then, MITK stock has increased by 15.4% and is now trading at $11.18. View the best growth stocks for 2023 here. When is Mitek Systems' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, July 4th 2024. View our MITK earnings forecast. How were Mitek Systems' earnings last quarter? Mitek Systems, Inc. (NASDAQ:MITK) posted its earnings results on Thursday, October, 26th. The software maker reported $0.16 earnings per share (EPS) for the quarter. The software maker had revenue of $43.07 million for the quarter. Mitek Systems had a trailing twelve-month return on equity of 19.55% and a net margin of 4.88%. What ETF holds Mitek Systems' stock ? iShares Virtual Work and Life Multisector ETF holds 1,514 shares of MITK stock, representing 0.50% of its portfolio. What guidance has Mitek Systems issued on next quarter's earnings? Mitek Systems issued an update on its FY 2023 earnings guidance on Tuesday, September, 5th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $169.00 million-$171.00 million, compared to the consensus revenue estimate of $163.61 million. 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). Who are Mitek Systems' major shareholders? Mitek Systems' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Legal & General Group Plc (6.26%), Independent Advisor Alliance (3.95%), Toronado Partners LLC (3.05%), Ameriprise Financial Inc. (1.97%), B. Riley Asset Management LLC (1.58%) and Ranger Investment Management L.P. (1.41%). Insiders that own company stock include Frank Teruel, Jane J Thompson, Jason Gray, Jeffrey C Davison, 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. This page (NASDAQ:MITK) was last updated on 11/29/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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