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 their 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 various ways. The Company's products include Mobile Verify, Mobile Fill, Mobile Docs, Mobile Deposit and Commercial Mobile Deposit Capture. Its mobile technology solutions are provided in two parts: a software development kit (SDK) for mobile capture, and a software platform for image correction, detection, extraction and authentication.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Application Software
  • Sub-Industry: N/A
  • Exchange: NASDAQ
  • Symbol: MITK
  • CUSIP:
Key Metrics:
  • Previous Close: $6.10
  • 50 Day Moving Average: $6.32
  • 200 Day Moving Average: $6.94
  • 52-Week Range: $33,274,000.00 - $5.09
  • Trailing P/E Ratio: 122.00
  • Foreward P/E Ratio: 17.43
  • P/E Growth: 1.06
  • Market Cap: $202.97M
  • Outstanding Shares: 33,274,000
  • Beta: 2.33
Profitability:
  • Net Margins: 4.58%
  • Return on Equity: 11.03%
  • Return on Assets: 9.03%
Debt:
  • Current Ratio: 6.80%
  • Quick Ratio: 6.80%
Additional Links:
Companies Related to Mitek Systems:

Analyst Ratings

Consensus Ratings for Mitek Systems (NASDAQ:MITK) (?)
Ratings Breakdown: 4 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $9.25 (51.64% upside)

Analysts' Ratings History for Mitek Systems (NASDAQ:MITK)
Show:
DateFirmActionRatingPrice TargetDetails
2/2/2017Needham & Company LLCLower Price TargetBuy$9.50 -> $8.00View Rating Details
12/20/2016Roth CapitalSet Price TargetBuy$9.00View Rating Details
12/8/2016BTIG ResearchInitiated CoverageBuy$10.00View Rating Details
11/4/2016Benchmark Co.Reiterated RatingBuy$10.00View Rating Details
1/31/2016William BlairReiterated RatingOutperformView Rating Details
1/25/2016Northland SecuritiesInitiated CoverageOutperformView Rating Details
(Data available from 2/20/2015 forward)

Earnings

Earnings History for Mitek Systems (NASDAQ:MITK)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/26/2017        
2/2/2017Q117$0.03$0.03$8.74 million$9.30 millionViewListenView Earnings Details
11/3/2016Q416$0.06$0.07$9.60 million$9.67 millionViewN/AView Earnings Details
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)

Estimates

Earnings Estimates for Mitek Systems (NASDAQ:MITK)
Current Year EPS Consensus Estimate: $0.28 EPS
Next Year EPS Consensus Estimate: $0.35 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)

Dividends

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

Insider Trades

Insider Trading History for Mitek Systems (NASDAQ:MITK)
Insider Ownership Percentage: 8.52%
Institutional Ownership Percentage: 45.34%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
11/17/2016James B DebelloCEOSell22,769$5.41$123,180.29View SEC Filing  
11/17/2016Russell C ClarkInsiderSell15,349$5.41$83,038.09View SEC Filing  
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)

Headlines

Latest Headlines for Mitek Systems (NASDAQ:MITK)
DateHeadline
News IconWatching the Charts on Mitek Systems Inc. (MITK) - Benton Bulletin (NASDAQ:MITK)
bentonbulletin.com - February 18 at 7:07 AM
News IconEPS Of Mitek Systems, Inc. (NASDAQ:MITK) At $0.01 - Stock Observer (NASDAQ:MITK)
www.thestockobserver.com - February 17 at 3:24 PM
4-traders.com logoMitek : Mobile Verify™ Selected by Blockchain Digital Payments Platform Nocks to Help Achieve AML Compliance (NASDAQ:MITK)
www.4-traders.com - February 16 at 6:09 PM
finance.yahoo.com logoMitek’s Mobile Verify™ Selected by Blockchain Digital Payments Platform Nocks to Help Achieve AML Compliance (NASDAQ:MITK)
finance.yahoo.com - February 16 at 6:09 PM
News IconEPS Target Of Mitek Systems, Inc. (NASDAQ:MITK)Set At $0.06 - Transcript Daily (NASDAQ:MITK)
transcriptdaily.com - February 12 at 6:25 PM
finance.yahoo.com logoMITEK SYSTEMS INC Financials (NASDAQ:MITK)
finance.yahoo.com - February 9 at 7:34 PM
News IconEPS Forecast Of Mitek Systems, Inc. (NASDAQ:MITK) Set At $0.06 - Transcript Daily (NASDAQ:MITK)
transcriptdaily.com - February 8 at 7:26 PM
finance.yahoo.com logoNasdaq-listed fintech Pioneer Mitek launches in the UK (NASDAQ:MITK)
finance.yahoo.com - February 7 at 7:52 PM
News IconPrice Target Of Mitek Systems, Inc. (NASDAQ:MITK)At $8.875 - Transcript Daily (NASDAQ:MITK)
transcriptdaily.com - February 3 at 5:27 AM
seekingalpha.com logoMitek Systems' (MITK) CEO James DeBello on Q1 2017 Results - Earnings Call Transcript (NASDAQ:MITK)
seekingalpha.com - February 2 at 7:24 PM
biz.yahoo.com logoQ1 2017 Mitek Systems Inc Earnings Release - Before Market Open (NASDAQ:MITK)
us.rd.yahoo.com - February 2 at 7:24 PM
us.rd.yahoo.com logoMitek Reports 25% Revenue Growth in First Quarter of Fiscal 2017 (NASDAQ:MITK)
us.rd.yahoo.com - February 2 at 7:24 PM
us.rd.yahoo.com logo8:34 am Mitek Systems beats by $0.01, beats on revs (NASDAQ:MITK)
us.rd.yahoo.com - February 2 at 7:24 PM
sg.finance.yahoo.com logoMitek Systems reports 1Q loss (NASDAQ:MITK)
sg.finance.yahoo.com - February 2 at 7:24 PM
News IconAnalysts Offer Insights on Technology Companies: Mitek Systems ... - Analyst Ratings (NASDAQ:MITK)
www.analystratings.com - February 1 at 5:34 AM
News IconNews Impact Score Of Mitek Systems, Inc. (NASDAQ:MITK) At 80 - Stock Observer (NASDAQ:MITK)
www.thestockobserver.com - February 1 at 5:34 AM
News IconMitek Announces MoneyGram is Using Mobile Verify to Help Meet Anti-Money Laundering Requirements (NASDAQ:MITK)
www.consumerelectronicsnet.com - January 31 at 7:27 PM
finance.yahoo.com logoMitek Announces MoneyGram is Using Mobile Verify™ to Help Meet Anti-Money Laundering Requirements (NASDAQ:MITK)
finance.yahoo.com - January 31 at 7:27 PM
News IconTrading Corner: Focusing in on Shares of Mitek Systems, Inc. (NASDAQ:MITK) - Gilbert Daily (NASDAQ:MITK)
gilbertdaily.com - January 30 at 12:01 AM
News IconMitek Systems, Inc. (NASDAQ:MITK) Mean Price Target At $8.875 ... - Transcript Daily (NASDAQ:MITK)
transcriptdaily.com - January 30 at 12:01 AM
News IconAnalysts Take: Mitek Systems, Inc. (NASDAQ:MITK) Projected Earnings & Price Targets - Aiken Advocate (NASDAQ:MITK)
aikenadvocate.com - January 29 at 6:59 PM
News IconTicker Tracker: Looking at Mitek Systems Inc. (MITK) - Rives Journal (NASDAQ:MITK)
rivesjournal.com - January 28 at 6:39 PM
News IconInvestor Watch: Checking in on Shares of Mitek Systems, Inc. (NASDAQ:MITK) - The Tribune (NASDAQ:MITK)
lakecitytribune.com - January 28 at 12:09 AM
globenewswire.com logoMitek to Report First Quarter Fiscal 2017 Financial Results on February ... (NASDAQ:MITK)
globenewswire.com - January 27 at 2:33 AM
News IconMitek Systems, Inc. (NASDAQ:MITK) Quarterly EPS Projection At $-0.02 - Stock Observer (NASDAQ:MITK)
www.thestockobserver.com - January 26 at 9:29 PM
News IconWilliams %R, RSI, and ADX Update for Mitek Systems Inc. (MITK) - Sherwood Daily (NASDAQ:MITK)
sherwooddaily.com - January 26 at 9:29 PM
finance.yahoo.com logoMitek to Report First Quarter Fiscal 2017 Financial Results on February 2, 2017 (NASDAQ:MITK)
finance.yahoo.com - January 26 at 9:29 PM
News IconReviewing Indicator Levels for Mitek Systems Inc. (MITK) - Sherwood Daily (NASDAQ:MITK)
sherwooddaily.com - January 25 at 12:18 AM
News IconWhat The Charts Are Saying About Mitek Systems, Inc. (NASDAQ:MITK) - The Tribune (NASDAQ:MITK)
lakecitytribune.com - January 23 at 11:53 PM
News IconNews Impact Score Of Mitek Systems, Inc. (NASDAQ:MITK) At 100 - Stock Observer (NASDAQ:MITK)
www.thestockobserver.com - January 23 at 11:53 PM
News IconTrading Radar: Checking Technicals for Mitek Systems Inc. (MITK) - Rives Journal (NASDAQ:MITK)
rivesjournal.com - January 21 at 5:23 AM
News IconSell-side Consensus Sees Mitek Systems, Inc. (NASDAQ:MITK) Going Where Near-Term? - Aiken Advocate (NASDAQ:MITK)
aikenadvocate.com - January 20 at 6:16 AM
News IconTrading Review: Technical Survey on Shares of Mitek Systems Inc. (MITK) - Sherwood Daily (NASDAQ:MITK)
sherwooddaily.com - January 19 at 8:41 PM
capitalcube.com logoETFs with exposure to Mitek Systems, Inc. : January 19, 2017 (NASDAQ:MITK)
www.capitalcube.com - January 19 at 8:41 PM
4-traders.com logoMitek : Mobile Verify™ Used by Financial Services Companies Globally to Mitigate Risk and Achieve Compliance (NASDAQ:MITK)
www.4-traders.com - January 18 at 7:05 PM
finance.yahoo.com logoMitek’s Mobile Verify™ Used by Financial Services Companies Globally to Mitigate Risk and Achieve Compliance (NASDAQ:MITK)
finance.yahoo.com - January 18 at 7:05 PM
News IconWith Profitability At The Forefront, Is This Stock a Top Pick: Mitek Systems, Inc. (NASDAQ:MITK) - Wall Street Beacon (NASDAQ:MITK)
wsbeacon.com - January 17 at 11:47 AM
News IconStock Mounting Higher Mid-Session: Mitek Systems, Inc. (NASDAQ:MITK) - Wall Street Beacon (NASDAQ:MITK)
wsbeacon.com - January 14 at 12:57 AM
News IconNews Impact Score Of Mitek Systems, Inc. (NASDAQ:MITK) Set At 0 - Stock Observer (NASDAQ:MITK)
www.thestockobserver.com - January 10 at 7:31 AM
News IconMean Price Target Of Mitek Systems, Inc. (NASDAQ:MITK) At $8.875 - Transcript Daily (NASDAQ:MITK)
transcriptdaily.com - January 8 at 11:20 PM
News IconEPS Estimate Of Mitek Systems, Inc. (NASDAQ:MITK) At $0.06 - Transcript Daily (NASDAQ:MITK)
transcriptdaily.com - January 6 at 1:01 AM
nasdaq.com logoSimplifies processing of donor checks within the organization's FUNdraising App for iOS and Android (NASDAQ:MITK)
m.nasdaq.com - January 4 at 7:24 PM
News IconAmerican Cancer Society adds Mitek MiSnap and Mobile Deposit® to deliver best in class mobile check capture and deposit within its mobile app (NASDAQ:MITK)
www.consumerelectronicsnet.com - January 4 at 7:24 PM
globenewswire.com logoSimplifies processing of donor checks within the organization’s FUNdraising App for iOS and Android (NASDAQ:MITK)
globenewswire.com - January 4 at 7:24 PM
publicnow.com logoAmerican Cancer Society adds Mitek MiSnap™ and Mobile Deposit® to deliver best in class mobile check capture and deposit within its mobile app (NASDAQ:MITK)
www.publicnow.com - January 4 at 7:24 PM
capitalcube.com logoETFs with exposure to Mitek Systems, Inc. : January 4, 2017 (NASDAQ:MITK)
www.capitalcube.com - January 4 at 7:24 PM
News IconTarget Price Of Mitek Systems, Inc. (NASDAQ:MITK) At $8.875 - Transcript Daily (NASDAQ:MITK)
transcriptdaily.com - January 4 at 6:58 AM
News IconPrice Target Of Mitek Systems, Inc. (NASDAQ:MITK) Agreed At $8.875 - Transcript Daily (NASDAQ:MITK)
transcriptdaily.com - December 30 at 11:56 PM
finance.yahoo.com logoMitek to Present at 19th Annual Needham Growth Conference on January 10, 2017 (NASDAQ:MITK)
finance.yahoo.com - December 29 at 9:35 AM
News IconPrice Target Of Mitek Systems, Inc. (NASDAQ:MITK) At $8.875 - Transcript Daily (NASDAQ:MITK)
transcriptdaily.com - December 28 at 6:26 PM

Social

What is Mitek Systems' stock symbol?

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

Where is Mitek Systems' stock going? Where will Mitek Systems' stock price be in 2017?

4 brokerages have issued 1 year price objectives for Mitek Systems' shares. Their predictions range from $8.00 to $10.00. On average, they expect Mitek Systems' share price to reach $9.25 in the next twelve months.

When will Mitek Systems announce their earnings?

Mitek Systems is scheduled to release their next quarterly earnings announcement on Wednesday, April, 26th 2017.

What are analysts saying about Mitek Systems stock?

Here are some recent quotes from research analysts about Mitek Systems stock:

  • Needham & Company LLC analysts commented, "Mitek delivered 1Q17 results above consensus with revenue of $9.3M (vs. Street $8.7M) and non-GAAP EPS of $0.03 (vs. Street $0.02). Software revenue of $6.0M grew 27% y/y and was well-ahead of our estimates for $5.2M as mobile deposit trends remain strong. While the strength in the software line is encouraging, we think investors would favor (and reward) growth in the services lines which includes revenue from Mitek's cloud-based identity and authentication products. We expect the deals that Mitek has closed in the ID space to contribute more meaningfully to revenue through the remainder of FY17. We believe that as Mobile Deposit trends remain strong to accelerating and Mitek continues gaining traction with its ID products, top line growth will accelerate and shares will be rewarded with a higher multiple." (2/2/2017)
  • According to Zacks Investment Research, "Mitek Systems, Inc. is primarily engaged in the development and sale of software products with particular focus on intelligent character recognition and forms processing technology, products and services for the document imaging markets. They develop, market and support what they believe to be the most accurate Automated Document Recognition (ADR) products commercially available for the recognition of hand printed characters. " (12/29/2016)

Who owns Mitek Systems stock?

Mitek Systems' stock is owned by a variety of of institutional and retail investors. Top institutional investors include State Street Corp (1.45%), AQR Capital Management LLC (1.31%), S Squared Technology LLC (1.18%), RK Capital Management LLC (1.12%), Menta Capital LLC (0.96%) and Oxford Asset Management (0.59%). Company insiders that own Mitek Systems stock include James B Debello, John M Thornton, Michael E Diamond and Russell C Clark.

Who sold Mitek Systems stock? Who is selling Mitek Systems stock?

Mitek Systems' stock was sold by a variety of institutional investors in the last quarter, including RK Capital Management LLC, Cadence Capital Management LLC, AQR Capital Management LLC and State Street Corp. Company insiders that have sold Mitek Systems stock in the last year include James B Debello, Michael E Diamond and Russell C Clark.

Who bought Mitek Systems stock? Who is buying Mitek Systems stock?

Mitek Systems' stock was bought by a variety of institutional investors in the last quarter, including S Squared Technology LLC, Oxford Asset Management, Trexquant Investment LP, Russell Investments Group Ltd., GSA Capital Partners LLP, Menta Capital LLC and Renaissance Technologies LLC.

How do I buy Mitek Systems stock?

Shares of Mitek Systems can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Mitek Systems stock cost?

One share of Mitek Systems stock can currently be purchased for approximately $6.10.

Mitek Systems (NASDAQ:MITK) Chart for Monday, February, 20, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Mitek Systems (NASDAQ:MITK)

Earnings History Chart

Earnings by Quarter for Mitek Systems (NASDAQ:MITK)

Dividend History Chart

Dividend Payments by Quarter for Mitek Systems (NASDAQ:MITK)

Last Updated on 2/20/2017 by MarketBeat.com Staff