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DOW   37,798.97
QQQ   431.10
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S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
Stock market today: Most of Wall Street slips as expectations rise for rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
ASML’s Earnings Could Bring The Stock to New Highs
3 Computer Vision Stocks for Long-Term Gains From AI
Undervalued UnitedHealth Group Won’t Be For Long
Closing prices for crude oil, gold and other commodities
DocuSign and The Case for 66% Upside 
S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
Stock market today: Most of Wall Street slips as expectations rise for rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
ASML’s Earnings Could Bring The Stock to New Highs
3 Computer Vision Stocks for Long-Term Gains From AI
Undervalued UnitedHealth Group Won’t Be For Long
Closing prices for crude oil, gold and other commodities
DocuSign and The Case for 66% Upside 
S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
Stock market today: Most of Wall Street slips as expectations rise for rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
ASML’s Earnings Could Bring The Stock to New Highs
3 Computer Vision Stocks for Long-Term Gains From AI
Undervalued UnitedHealth Group Won’t Be For Long
Closing prices for crude oil, gold and other commodities
DocuSign and The Case for 66% Upside 
NASDAQ:MITK

Mitek Systems (MITK) Stock Price, News & Analysis

$13.39
-1.44 (-9.71%)
(As of 04/16/2024 ET)
Today's Range
$13.18
$14.59
50-Day Range
$11.34
$14.83
52-Week Range
$8.77
$16.24
Volume
2.03 million shs
Average Volume
455,804 shs
Market Capitalization
$626.52 million
P/E Ratio
83.69
Dividend Yield
N/A
Price Target
$19.00

Mitek Systems MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
41.9% Upside
$19.00 Price Target
Short Interest
Bearish
7.57% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.55mentions of Mitek Systems in the last 14 days
Based on 18 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
14.63%
From $0.82 to $0.94 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.87 out of 5 stars

Computer And Technology Sector

443rd out of 589 stocks

Computer Peripheral Equipment, Not Elsewhere Classified Industry

12th out of 14 stocks

MITK stock logo

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. The company was incorporated in 1986 and is based in San Diego, California.

MITK Stock Price History

MITK Stock News Headlines

Update: MITK, April 16
Silent Surge: The 3 Stocks Quietly Making Millionaires
Could Bitcoin Literally FORCE This Crypto To Rocket Up?
Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
Q1 2024 Mitek Systems Inc Earnings Call
Could Bitcoin Literally FORCE This Crypto To Rocket Up?
Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
Mitek Systems earnings preview: what to expect
Mitek Systems (NASDAQ:MITK) Reaches New 1-Year High at $14.99
Mitek Systems (NASDAQ:MITK) Sets New 12-Month High at $14.99
Mitek Systems: Overcoming Its Past Issues
5 Best Small Cap AI Stocks To Buy Now
Update: MITK, March 20
Q4 2023 Mitek Systems Inc Earnings Call
See More Headlines
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Company Calendar

Last Earnings
3/19/2024
Today
4/16/2024
Next Earnings (Estimated)
9/12/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Industry
Computer peripheral equipment, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:MITK
Employees
573
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$18.00
High Stock Price Target
$19.00
Low Stock Price Target
$17.00
Potential Upside/Downside
+25.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$8.03 million
Pretax Margin
5.99%

Debt

Sales & Book Value

Annual Sales
$172.55 million
Cash Flow
$1.33 per share
Book Value
$4.50 per share

Miscellaneous

Free Float
44,732,000
Market Cap
$673.78 million
Optionable
Optionable
Beta
1.09
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MITK Stock Analysis - Frequently Asked Questions

Should I buy or sell Mitek Systems stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mitek Systems in the last twelve months. There are currently 2 buy ratings 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?

2 brokers have issued 1-year price objectives for Mitek Systems' stock. Their MITK share price targets range from $19.00 to $19.00. On average, they predict the company's share price to reach $19.00 in the next twelve months. This suggests a possible upside of 41.9% 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 2024?

Mitek Systems' stock was trading at $13.04 on January 1st, 2024. Since then, MITK stock has increased by 2.7% and is now trading at $13.39.
View the best growth stocks for 2024 here
.

When is Mitek Systems' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, September 12th 2024.
View our MITK earnings forecast
.

How were Mitek Systems' earnings last quarter?

Mitek Systems, Inc. (NASDAQ:MITK) issued its quarterly earnings data on Tuesday, March, 19th. The software maker reported $0.10 earnings per share for the quarter. The software maker had revenue of $37.66 million for the quarter. Mitek Systems had a trailing twelve-month return on equity of 17.83% and a net margin of 4.25%.

What ETFs hold Mitek Systems' stock?

ETFs with the largest weight of Mitek Systems (NASDAQ:MITK) stock in their portfolio include SPDR S&P Software & Services ETF (XSW).Invesco Nasdaq Future Gen 200 ETF (QQQS).

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

Mitek Systems issued an update on its FY 2024 earnings guidance on Tuesday, March, 19th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $180.0 million-$185.0 million, compared to the consensus revenue estimate of $182.0 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).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MITK) was last updated on 4/16/2024 by MarketBeat.com Staff

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