Mitek Systems Company Profile (NASDAQ:MITK)

About Mitek Systems

Mitek Systems logoMitek Systems, Inc. develops, markets and sells mobile capture and identity verification software solutions for enterprise customers. The Company's technology allows users to remotely deposit checks, open accounts, get insurance quotes, pay bills, as well as verify their identity by taking pictures of various documents with camera-equipped smartphones and tablets instead of using the device keyboard. Its technology uses algorithms to correct image distortion, extract relevant data, route images to their desired location and process transactions. Its technology processes images of documents in many ways. The Company's mobile capture software solutions are embedded in other mobile banking or enterprise applications developed by banks, insurance companies or partners, and then marketed under its brands. Its mobile imaging solutions include Mobile Verify, Mobile Fill, Mobile Deposit and Commercial Mobile Deposit Capture.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Application Software
  • Sub-Industry: N/A
  • Exchange: NASDAQ
  • Symbol: MITK
  • CUSIP:
Key Metrics:
  • Previous Close: $7.81
  • 50 Day Moving Average: $7.72
  • 200 Day Moving Average: $7.13
  • 52-Week Range: $3.01 - $9.49
  • Trailing P/E Ratio: 130.34
  • Foreward P/E Ratio: 41.11
  • P/E Growth: 1.23
  • Market Cap: $251.67M
  • Outstanding Shares: 32,727,000
  • Beta: 1.98
Additional Links:
Companies Related to Mitek Systems:

Analyst Ratings

Consensus Ratings for Mitek Systems (NASDAQ:MITK) (?)
Ratings Breakdown: 5 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $9.08 (16.30% upside)

Analysts' Ratings History for Mitek Systems (NASDAQ:MITK)
DateFirmActionRatingPrice TargetDetails
7/11/2016Needham & Company LLCUpgradeHold -> Buy$9.50View Rating Details
6/2/2016Roth CapitalReiterated RatingBuy$9.75View Rating Details
3/23/2016Benchmark Co.Boost Price TargetBuy$6.50 -> $8.00View Rating Details
1/31/2016William BlairReiterated RatingOutperformView Rating Details
1/25/2016Northland SecuritiesInitiated CoverageOutperformView Rating Details
(Data available from 8/31/2014 forward)


Earnings History for Mitek Systems (NASDAQ:MITK)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/28/2016Q316$0.04$0.07$8.31 million$9.10 millionViewListenView Earnings Details
4/28/2016Q216$0.04$0.07$7.38 million$8.52 millionViewListenView Earnings Details
1/28/2016Q116$0.02$0.04$6.45 million$7.40 millionViewListenView Earnings Details
11/5/2015Q415$0.03$0.09$6.59 million$7.90 millionViewN/AView Earnings Details
7/23/2015Q315$0.04$0.07$5.83 million$6.40 millionViewListenView Earnings Details
4/30/2015Q215$0.03$0.05$5.40 million$5.70 millionViewN/AView Earnings Details
1/29/2015Q115($0.05)$0.05$5.26 million$5.39 millionViewN/AView Earnings Details
11/6/2014Q414($0.06)$0.06$5.00 million$5.50 millionViewN/AView Earnings Details
7/24/2014Q314($0.08)($0.05)$4.74 million$4.70 millionViewN/AView Earnings Details
5/1/2014Q214($0.07)($0.04)$4.37 million$4.50 millionViewN/AView Earnings Details
2/6/2014Q114($0.08)($0.02)$4.09 million$4.50 millionViewN/AView Earnings Details
11/7/2013Q413($0.08)($0.02)$3.38 million$4.38 millionViewN/AView Earnings Details
7/25/2013Q3 2013($0.07)($0.05)$3.10 million$3.88 millionViewN/AView Earnings Details
5/7/2013Q2 2013($0.04)($0.06)$2.37 million$3.20 millionViewN/AView Earnings Details
1/31/2013Q1 2013($0.05)($0.03)$2.19 million$3.30 millionViewN/AView Earnings Details
11/7/2012Q412($0.04)($0.09)$3.42 million$1.20 millionViewN/AView Earnings Details
7/24/2012($0.03)($0.05)ViewN/AView Earnings Details
5/2/2012$0.02($0.09)ViewN/AView Earnings Details
2/7/2012$0.02ViewN/AView Earnings Details
11/14/2011$0.01($0.01)ViewN/AView Earnings Details
8/8/2011($0.06)$0.01ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Mitek Systems (NASDAQ:MITK)
Current Year EPS Consensus Estimate: $0.14 EPS
Next Year EPS Consensus Estimate: $0.19 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.04$0.04$0.04
Q2 20171$0.06$0.06$0.06
Q3 20171$0.06$0.06$0.06
(Data provided by Zacks Investment Research)


Dividend History for Mitek Systems (NASDAQ:MITK)
No dividend announcements for this company have been tracked by

Insider Trades

Insider Trading History for Mitek Systems (NASDAQ:MITK)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/2/2016James B DebelloCEOSell59,091$8.11$479,228.01View SEC Filing  
5/2/2016Michael E DiamondInsiderSell170,007$8.06$1,370,256.42View SEC Filing  
5/2/2016Russell C ClarkCFOSell109,568$8.03$879,831.04View SEC Filing  
2/18/2016John M. ThorntonDirectorSell243,663$5.09$1,240,244.67View SEC Filing  
12/9/2015John M ThorntonDirectorSell30,100$5.00$150,500.00View SEC Filing  
12/4/2015John M ThorntonDirectorSell142,037$5.13$728,649.81View SEC Filing  
12/2/2015John M ThorntonDirectorSell142,600$5.15$734,390.00View SEC Filing  
12/1/2015John M ThorntonDirectorSell726,900$5.16$3,750,804.00View SEC Filing  
11/30/2015John M ThorntonDirectorSell381,000$5.25$2,000,250.00View SEC Filing  
11/25/2015John M ThorntonDirectorSell182,400$5.00$912,000.00View SEC Filing  
11/24/2015John M ThorntonDirectorSell390,600$5.00$1,953,000.00View SEC Filing  
11/17/2015Russell C. ClarkCFOSell481$4.35$2,092.35View SEC Filing  
11/9/2015James B DebelloCEOSell9,050$3.87$35,023.50View SEC Filing  
11/9/2015John M ThorntonDirectorSell194,845$4.00$779,380.00View SEC Filing  
11/9/2015Michael E DiamondCROSell4,466$3.87$17,283.42View SEC Filing  
11/9/2015Russell C ClarkCFOSell3,180$3.87$12,306.60View SEC Filing  
11/6/2015John M ThorntonDirectorSell179,354$4.00$717,416.00View SEC Filing  
7/24/2015James B DebelloCEOSell75,490$4.13$311,773.70View SEC Filing  
7/24/2015John M ThorntonDirectorSell89,815$4.11$369,139.65View SEC Filing  
7/22/2015James B DebelloCEOSell39,569$4.00$158,276.00View SEC Filing  
7/22/2015John M ThorntonDirectorSell45,818$4.00$183,272.00View SEC Filing  
6/29/2015James B DebelloCEOSell9,506$4.00$38,024.00View SEC Filing  
6/29/2015John M ThorntonDirectorSell17,029$4.00$68,116.00View SEC Filing  
6/23/2015James B DebelloCEOSell63,285$4.00$253,140.00View SEC Filing  
6/23/2015John M ThorntonDirectorSell73,071$4.00$292,284.00View SEC Filing  
6/10/2015James B DebelloCEOSell13,812$4.00$55,248.00View SEC Filing  
6/10/2015John M ThorntonDirectorSell19,422$4.00$77,688.00View SEC Filing  
2/23/2015James B DebelloCEOSell3,751$3.35$12,565.85View SEC Filing  
2/23/2015Russell C ClarkCFOSell1,879$3.35$6,294.65View SEC Filing  
7/31/2014Michael E DiamondCROSell2,488$3.15$7,837.20View SEC Filing  
7/31/2014Michael S StrangeCTOSell2,459$3.15$7,745.85View SEC Filing  
7/31/2014Scott R CarterCMOSell4,123$3.15$12,987.45View SEC Filing  
3/7/2014Vinton Paul CunninghamDirectorSell14,000$5.02$70,280.00View SEC Filing  
2/27/2014Gerald FarmerDirectorSell15,000$5.12$76,800.00View SEC Filing  
2/27/2014Russell ClarkCFOSell5,478$5.05$27,663.90View SEC Filing  
12/11/2013James DebelloCEOSell288,704$6.24$1,801,512.96View SEC Filing  
2/15/2013James B DebelloCEOSell138,187$5.00$690,935.00View SEC Filing  
(Data available from 1/1/2013 forward)


Latest Headlines for Mitek Systems (NASDAQ:MITK)
DateHeadline logoMitek’s Mobile Fill™ Selected by Leading Online Mortgage Provider (NASDAQ:MITK) - August 30 at 9:31 AM
News IconApplication Software Stocks Under Scanner -- Rubicon Project, Mitek Systems, Innoviva, and Proofpoint (NASDAQ:MITK) - August 29 at 6:03 PM logoApplication Software Stocks Under Scanner -- Rubicon Project, Mitek Systems, Innoviva, and Proofpoint - PR Newswire (press release) (NASDAQ:MITK) - August 29 at 10:44 AM
News IconStock Heading Down Over the Last Month Mitek Systems, Inc. (NASDAQ:MITK) - Post News (NASDAQ:MITK) - August 25 at 6:09 PM logoETF’s with exposure to Mitek Systems, Inc. : August 22, 2016 (NASDAQ:MITK) - August 22 at 6:11 PM logoMitek : Miteks Mobile Fill Selected by Top Ten U.S. Bank (NASDAQ:MITK) - August 19 at 6:05 PM logoMITEK SYSTEMS INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Termination of a Material Definitiv (NASDAQ:MITK) - August 19 at 6:05 PM
News IconShares Moving Lower Over the Past Month Mitek Systems, Inc. (NASDAQ:MITK) - Post News (NASDAQ:MITK) - August 18 at 6:17 PM
News IconWall Street Outlook and Growth Projections for Mitek Systems, Inc. (NASDAQ:MITK) - Post News (NASDAQ:MITK) - August 18 at 6:17 PM
News IconMiteks Mobile Fill Selected by Top Ten U.S. Bank (NASDAQ:MITK) - August 17 at 6:25 PM logoHere's The Growth Forecast For Mitek Systems, Inc. (NASDAQ:MITK) - (NASDAQ:MITK) - August 17 at 9:19 AM logoMitek’s Mobile Fill™ Selected by Top Ten U.S. Bank (NASDAQ:MITK) - August 17 at 9:19 AM logoMITEK SYSTEMS INC Financials (NASDAQ:MITK) - August 10 at 6:38 PM logoMitek Awarded New Patent for Innovative ID Document Classification Technology (NASDAQ:MITK) - August 10 at 9:12 AM logoETF’s with exposure to Mitek Systems, Inc. : August 8, 2016 (NASDAQ:MITK) - August 8 at 6:23 PM logoMitek Systems, Inc. :MITK-US: Earnings Analysis: Q3, 2016 By the Numbers : August 5, 2016 (NASDAQ:MITK) - August 5 at 6:23 PM logoMitek Systems, Inc. (NASDAQ:MITK) Mean Price Target At $9.062 - (NASDAQ:MITK) - August 4 at 9:20 AM logoMitek to Present at the Canaccord Genuity Growth Conference (NASDAQ:MITK) - August 4 at 9:20 AM logoMITEK SYSTEMS INC Files SEC form 10-Q, Quarterly Report (NASDAQ:MITK) - August 3 at 9:29 AM
News IconMiteks Mobile Verify Selected by a Leading Ticket Exchange (NASDAQ:MITK) - August 2 at 11:00 AM logoMitek’s Mobile Verify™ Selected by a Leading Ticket Exchange (NASDAQ:MITK) - August 2 at 11:00 AM logoAnalysts Ranking Previews: Maxim Integrated Products, Inc. (NASDAQ:MXIM) , Mitek Systems, Inc. (NASDAQ:MITK) - Street Updates (NASDAQ:MITK) - July 28 at 6:24 PM logoMitek Systems tops Street 3Q forecasts (NASDAQ:MITK) - July 28 at 10:08 AM logoMitek Reports 41% Revenue Growth and Profitability in Third Quarter Fiscal 2016 (NASDAQ:MITK) - July 28 at 8:58 AM logoMITEK SYSTEMS INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibit (NASDAQ:MITK) - July 28 at 8:37 AM logoQ3 2016 Mitek Systems Earnings Conference Call (NASDAQ:MITK) - July 27 at 4:08 AM logoA Look At Mitek: 3 Bullish Developments Into Q3 Earnings (NASDAQ:MITK) - July 25 at 3:58 PM logoMitek Spikes After Bullish Report On Benzinga Pro (NASDAQ:MITK) - July 25 at 3:58 PM logoBrokers Issue Average Price Target Of 6.95 On Mitek Systems, Inc. (MITK) - Fiscal Standard (NASDAQ:MITK) - July 22 at 6:05 PM logoOption Market: Mitek Systems Inc (NASDAQ:MITK) Risk Hits An Unsually High Level - CML News (NASDAQ:MITK) - July 22 at 6:05 PM
News IconEarnings Estimates Spotlight: Mitek Systems, Inc. (NASDAQ:MITK) - News Oracle (NASDAQ:MITK) - July 21 at 6:27 PM logoMitek to Report Third Quarter Fiscal 2016 Financial Results on July 28, 2016 (NASDAQ:MITK) - July 21 at 4:05 PM logo7:02 am Mitek Systems announces it 'successfully defended its technology in the patent infringement case brought forth by Rothschild Mobile Imaging Innovations' (NASDAQ:MITK) - July 21 at 7:02 AM logoMitek Prevails in Rothschild Patent Infringement Suit (NASDAQ:MITK) - July 21 at 7:00 AM logoTrade These 7 Stocks Under $10 for Huge Profits (NASDAQ:MITK) - July 20 at 7:11 AM logoETF’s with exposure to Mitek Systems, Inc. : July 19, 2016 (NASDAQ:MITK) - July 19 at 12:47 PM
News IconFast Growth Expected for Mitek Systems, Inc. (NASDAQ:MITK) - TGP (NASDAQ:MITK) - July 15 at 5:17 PM logoMitek Systems Inc Realized Volatility Hits Extreme Level - CML News (NASDAQ:MITK) - July 15 at 5:17 PM logoMitek Systems, Inc. (MITK) Updated Price Targets - FTSE News (NASDAQ:MITK) - July 15 at 10:39 AM logoMitek Systems, Inc. (MITK) Current Analyst Ratings - Fiscal Standard (NASDAQ:MITK) - July 15 at 10:39 AM
News IconApplication Software program Shares Highlight — inContact, Allscripts Healthcare Options, Mitek Systems, & the Rubicon Project (NASDAQ:MITK) - July 13 at 6:33 PM logoJPMorgan Employees Get Raises, Have Mitek CEO To Thank (NASDAQ:MITK) - July 13 at 10:53 AM logoMitek Systems upgraded by Needham (NASDAQ:MITK) - July 12 at 7:39 AM
News IconStock on the Rise for the Quarter: Mitek Systems, Inc. (NASDAQ:MITK) - Engelwood Daily (NASDAQ:MITK) - July 11 at 10:50 AM logoBroker Outlook For Mitek Systems, Inc. (MITK) - Fiscal Standard (NASDAQ:MITK) - July 7 at 9:05 AM
News IconStock Valuation in Review: Mitek Systems, Inc. (NASDAQ:MITK) - Telanagana Press (NASDAQ:MITK) - July 2 at 5:54 PM
News IconMitek Systems Incorporated (NASDAQ:MITK) Short Interest Increased By 47.12% - Press Telegraph (NASDAQ:MITK) - July 1 at 9:00 AM logoRecently Issued Stock Ratings For Mitek Systems, Inc. (MITK) - Fiscal Standard (NASDAQ:MITK) - July 1 at 9:00 AM logoMitek Systems, Inc. (NASDAQ:MITK) Target Price Is $8.583 - (NASDAQ:MITK) - June 29 at 8:59 AM logoAnalyst's Focused Stocks: Mobile TeleSystems OJSC (NYSE:MBT) , Mitek Systems, Inc. (NASDAQ:MITK) - Street Updates (NASDAQ:MITK) - June 27 at 10:31 AM


Mitek Systems (NASDAQ:MITK) Chart for Wednesday, August, 31, 2016

Last Updated on 8/31/2016 by Staff