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NASDAQ:MITK

Mitek Systems Stock Forecast, Price & News

$12.84
-0.06 (-0.47 %)
(As of 10/19/2020 12:00 AM ET)
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Compare
Today's Range
$12.78
Now: $12.84
$13.28
50-Day Range
$11.23
MA: $12.60
$13.89
52-Week Range
$5.26
Now: $12.84
$14.50
Volume505,253 shs
Average Volume448,436 shs
Market Capitalization$530.14 million
P/E Ratio91.72
Dividend YieldN/A
Beta0.29
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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Mitek Systems logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.20 out of 5 stars

Industry, Sector and Symbol

Industry Computer peripheral equipment, not elsewhere classified
Sub-IndustryN/A
Current SymbolNASDAQ:MITK
CUSIPN/A
Phone619-269-6800
Employees293

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$46.85 million
Cash Flow$0.39 per share
Book Value$2.67 per share

Profitability

Net Income$-720,000.00

Miscellaneous

Market Cap$530.14 million
Next Earnings Date11/5/2020 (Estimated)
OptionableOptionable
$12.84
-0.06 (-0.47 %)
(As of 10/19/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Mitek Systems (NASDAQ:MITK) Frequently Asked Questions

How has Mitek Systems' stock been impacted by Coronavirus (COVID-19)?

Mitek Systems' stock was trading at $7.64 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MITK shares have increased by 68.1% and is now trading at $12.84.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Mitek Systems?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mitek Systems in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Mitek Systems
.

When is Mitek Systems' next earnings date?

Mitek Systems is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for Mitek Systems
.

How were Mitek Systems' earnings last quarter?

Mitek Systems, Inc. (NASDAQ:MITK) announced its earnings results on Thursday, July, 30th. The software maker reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.06. The software maker earned $25.41 million during the quarter, compared to analyst estimates of $23.39 million. Mitek Systems had a return on equity of 15.32% and a net margin of 6.37%.
View Mitek Systems' earnings history
.

What price target have analysts set for MITK?

3 brokerages have issued 12 month price objectives for Mitek Systems' stock. Their forecasts range from $9.00 to $12.00. On average, they expect Mitek Systems' share price to reach $10.67 in the next year. This suggests that the stock has a possible downside of 16.9%.
View analysts' price targets for Mitek Systems
.

Are investors shorting Mitek Systems?

Mitek Systems saw a increase in short interest in September. As of September 30th, there was short interest totaling 1,150,000 shares, an increase of 22.0% from the September 15th total of 942,300 shares. Based on an average daily volume of 500,900 shares, the short-interest ratio is currently 2.3 days.
View Mitek Systems' Short Interest
.

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), NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), salesforce.com (CRM), Intel (INTC), Square (SQ), AbbVie (ABBV), Paypal (PYPL) and Cisco Systems (CSCO).

Who are Mitek Systems' key executives?

Mitek Systems' management team includes the following 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)

What is Mitek Systems' stock symbol?

Mitek Systems trades on the NASDAQ under the ticker symbol "MITK."

Who are Mitek Systems' major shareholders?

Mitek Systems' stock is owned by many different institutional and retail investors. Top institutional investors include Campbell & CO Investment Adviser LLC (0.05%). Company insiders that own Mitek Systems stock include Bruce Edward Hansen, James B Debello, Jason Gray, Jeffrey C Davison, Karel J Marsal, Michael E Diamond, Stephen Ritter and William K Aulet.
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 Campbell & CO Investment Adviser LLC. Company insiders that have sold Mitek Systems company stock in the last year include Bruce Edward Hansen, Jason Gray, Jeffrey C Davison, Michael E Diamond, Stephen Ritter, and William K Aulet.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Mitek Systems' stock price today?

One share of MITK stock can currently be purchased for approximately $12.84.

How big of a company is Mitek Systems?

Mitek Systems has a market capitalization of $530.14 million and generates $46.85 million in revenue each year. The software maker earns $-720,000.00 in net income (profit) each year or $0.19 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 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]

This page was last updated on 10/19/2020 by MarketBeat.com Staff

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