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NASDAQ:MITK

Mitek Systems (MITK) Stock Price, News & Analysis

$11.39
-0.31 (-2.65%)
(As of 02/28/2024 ET)
Today's Range
$11.32
$11.67
50-Day Range
$11.56
$13.21
52-Week Range
$8.60
$13.98
Volume
272,948 shs
Average Volume
374,061 shs
Market Capitalization
$519.27 million
P/E Ratio
63.28
Dividend Yield
N/A
Price Target
$18.00

Mitek Systems MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
58.0% Upside
$18.00 Price Target
Short Interest
Bearish
6.91% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.71mentions of Mitek Systems in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$888,719 Sold Last Quarter
Proj. Earnings Growth
14.61%
From $0.89 to $1.02 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.

3.68 out of 5 stars

Computer And Technology Sector

240th out of 606 stocks

Computer Peripheral Equipment, Not Elsewhere Classified Industry

7th out of 12 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. Mitek Systems, Inc. was incorporated in 1986 and is based in San Diego, California.

MITK Stock Price History

MITK Stock News Headlines

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Mitek Systems Inc.
7 Unstoppable Software Stocks Set to Soar in 2024
Mitek Systems Inc MITK
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Top 3 Software Application Stock Picks for 2024
MITK Apr 2024 7.500 put
MITK Aug 2024 12.500 put
MITK May 2024 12.500 put
Mitek Announces Receipt of Notice from Nasdaq
Mitek Announces Extension of Nasdaq Stay and Hearing Date
Mitek Systems named a '2024 Top Pick' at Northland
Mitek Appoints David Lyle as Chief Financial Officer
Update: MITK, December 8
See More Headlines
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Company Calendar

Last Earnings
11/04/2021
Today
2/28/2024
Next Earnings (Estimated)
9/03/2024
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
565
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
+58.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$3.03 million
Pretax Margin
8.31%

Debt

Sales & Book Value

Annual Sales
$143.94 million
Cash Flow
$1.17 per share
Book Value
$3.81 per share

Miscellaneous

Free Float
43,584,000
Market Cap
$519.27 million
Optionable
Optionable
Beta
1.10
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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 Wall Street research analysts have issued 12-month price targets for Mitek Systems' stock. Their MITK share price targets range from $17.00 to $19.00. On average, they expect the company's stock price to reach $18.00 in the next year. This suggests a possible upside of 58.0% 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 at the start of the year. Since then, MITK shares have decreased by 12.7% and is now trading at $11.39.
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 Tuesday, September 3rd 2024.
View our MITK earnings forecast
.

How were Mitek Systems' earnings last quarter?

Mitek Systems, Inc. (NASDAQ:MITK) released its quarterly earnings data on Thursday, November, 4th. The software maker reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. The software maker had revenue of $33.30 million for the quarter, compared to analyst estimates of $33.23 million. Mitek Systems had a net margin of 4.88% and a trailing twelve-month return on equity of 19.55%. The firm's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.22 earnings per share.

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 updated its FY 2024 earnings guidance on Monday, December, 11th. 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 $179.9 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 many different retail and institutional investors. Top institutional shareholders include Blue Grotto Capital LLC (7.59%), Vanguard Group Inc. (7.41%), Legal & General Group Plc (6.68%), Independent Advisor Alliance (4.04%), Dimensional Fund Advisors LP (3.03%) and Newtyn Management LLC (2.18%). Insiders that own company stock include Christopher H Briggs, Frank Teruel, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MITK) was last updated on 2/29/2024 by MarketBeat.com Staff