NASDAQ:MITK Mitek Systems (MITK) Stock Price, News & Analysis $13.15 +0.39 (+3.06%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$13.09▼$13.7250-Day Range$10.87▼$13.1552-Week Range$9.47▼$16.24Volume641,505 shsAverage Volume518,836 shsMarket Capitalization$615.29 millionP/E RatioN/ADividend YieldN/APrice Target$19.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Mitek Systems alerts: Email Address Mitek Systems MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside44.5% Upside$19.00 Price TargetShort InterestBearish10.49% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.05Based on 2 Articles This WeekInsider TradingSelling Shares$476,214 Sold Last QuarterProj. Earnings Growth23.29%From $0.73 to $0.90 Per ShareSee Full Details Hide Full Details 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.2.98 out of 5 starsComputer And Technology Sector322nd out of 612 stocksComputer Peripheral Equipment, Not Elsewhere Classified Industry8th out of 13 stocks 3.5 Analyst's Opinion Consensus RatingMitek Systems has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageMitek Systems has only been the subject of 1 research reports in the past 90 days.Read more about Mitek Systems' stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted10.49% of the outstanding shares of Mitek Systems have been sold short.Short Interest Ratio / Days to CoverMitek Systems has a short interest ratio ("days to cover") of 8.9.Change versus previous monthShort interest in Mitek Systems has recently increased by 1.45%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldMitek Systems does not currently pay a dividend.Dividend GrowthMitek Systems does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MITK. Previous Next 2.8 News and Social Media Coverage News SentimentMitek Systems has a news sentiment score of 1.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Mitek Systems this week, compared to 4 articles on an average week.Search InterestOnly 3 people have searched for MITK on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.MarketBeat Follows7 people have added Mitek Systems to their MarketBeat watchlist in the last 30 days. This is an increase of 133% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Mitek Systems insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $476,214.00 in company stock.Percentage Held by InsidersOnly 4.40% of the stock of Mitek Systems is held by insiders.Percentage Held by Institutions83.64% of the stock of Mitek Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Mitek Systems' insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Mitek Systems are expected to grow by 23.29% in the coming year, from $0.73 to $0.90 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Mitek Systems is -82.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Mitek Systems is -82.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioMitek Systems has a P/B Ratio of 2.92. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Mitek Systems' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanyNvidia insiders dumping sharesAll the signs show the AI market is about to reverse. And unless you know what’s really going on in this sector, you could be wiped out. Inside this new expose, you'll discover exactly how the AI crisis will unfold... how you can prepare for it before it's too late... and how you can potentially profit from it, too. Click here to read the new expose, The Big AI Die-Up while you still can.To see Porter Stansberry's new AI prediction go here now. 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.Read More MITK Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MITK Stock News HeadlinesJuly 18, 2024 | investorplace.comAlpha Picks: 3 Solid Stocks With 10X PotentialJuly 18, 2024 | investorplace.com7 AI Stocks in Overlooked Sectors That Are Ready to ShineJuly 27, 2024 | Porter & Company (Ad)Nvidia insiders dumping sharesAll the signs show the AI market is about to reverse. And unless you know what’s really going on in this sector, you could be wiped out. Inside this new expose, you'll discover exactly how the AI crisis will unfold... how you can prepare for it before it's too late... and how you can potentially profit from it, too. Click here to read the new expose, The Big AI Die-Up while you still can.July 8, 2024 | nasdaq.comnCino Stock Boosted by New GenAI Banking Advisor (MITK)July 4, 2024 | investorplace.com3 Silent Stocks Set to Surprise Investors With 10X GrowthJune 26, 2024 | businesswire.comMitek Wins 2024 Artificial Intelligence Breakthrough AwardJune 21, 2024 | investorplace.com3 Stocks to Buy Now to Turn $1,000 into $10,000 in 2 YearsJune 18, 2024 | businesswire.comMitek Named to 2024 AIFinTech100 ListJuly 27, 2024 | Porter & Company (Ad)Nvidia insiders dumping sharesAll the signs show the AI market is about to reverse. And unless you know what’s really going on in this sector, you could be wiped out. Inside this new expose, you'll discover exactly how the AI crisis will unfold... how you can prepare for it before it's too late... and how you can potentially profit from it, too. Click here to read the new expose, The Big AI Die-Up while you still can.June 12, 2024 | investorplace.com3 Must-Buy Stocks That Could Double by 2026May 28, 2024 | forbes.comMITK Slides With Market, But Prospects Remain PromisingMay 27, 2024 | investorplace.com3 Top Stocks That Could Multiply Your $10K Investment TenfoldMay 24, 2024 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Technology Stocks: Mitek Systems (MITK), Emcore (EMKR) and Cepton (CPTN)May 23, 2024 | businesswire.comID R&D Granted Patent for Voice-Based Device UnlockingMay 17, 2024 | investorplace.com3 Top Small-Cap Growth Opportunities in the AI EraMay 16, 2024 | investorplace.com3 Next-Gen Tech Stocks to Buy for Long-Term WealthMay 14, 2024 | markets.businessinsider.comAnalyst Ratings For Mitek SystemsMay 14, 2024 | prnewswire.comViewpointe and Mitek announce partnership to strengthen check fraud detectionSee More Headlines Receive MITK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Mitek Systems and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/13/2024Today7/26/2024Fiscal Year End9/30/2024Next Earnings (Estimated)10/24/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Computer peripheral equipment, not elsewhere classified Sub-IndustryComputer Hardware Current SymbolNASDAQ:MITK CUSIPN/A CIK807863 Webwww.miteksystems.com Phone(619) 269-6800Fax619-269-6801Employees450Year FoundedN/APrice Target and Rating Average Stock Price Target$19.00 High Stock Price Target$19.00 Low Stock Price Target$19.00 Potential Upside/Downside+44.5%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)($0.16) Trailing P/E RatioN/A Forward P/E Ratio18.01 P/E GrowthN/ANet Income$8.03 million Net Margins-4.49% Pretax Margin-6.78% Return on Equity11.71% Return on Assets6.00% Debt Debt-to-Equity Ratio0.65 Current Ratio4.27 Quick Ratio4.27 Sales & Book Value Annual Sales$172.55 million Price / Sales3.57 Cash Flow$1.45 per share Price / Cash Flow9.07 Book Value$4.50 per share Price / Book2.92Miscellaneous Outstanding Shares46,790,000Free Float44,732,000Market Cap$615.29 million OptionableOptionable Beta1.09 These 7 Stocks Will Be Magnificent in 2024With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.Get This Free Report Key ExecutivesMr. Scipio Maximus Carnecchia (Age 61)CEO & Director Comp: $919.14kMr. Michael E. Diamond (Age 59)Senior VP & GM of Digital Banking Comp: $537.23kMr. Chris BriggsSenior VP of Identity & Head of ProductsMr. David B. Lyle (Age 60)Chief Financial Officer Mr. Todd KehrliInvestor ContactsMr. Jason L. Gray (Age 53)Chief Legal Officer, Chief Compliance Officer & Corporate Secretary Comp: $575.91kAngela M. RomeiCorporate Communications DirectorMs. Cindy WhiteChief Marketing OfficerMs. Judith Ohrn Hicks (Age 60)Senior Vice President of People Operations More ExecutivesKey CompetitorsKey TronicNASDAQ:KTCCForescout TechnologiesNASDAQ:FSCTNCR VoyixNYSE:VYXDiebold NixdorfNYSE:DBDA10 NetworksNYSE:ATENView All CompetitorsInsiders & InstitutionsBank of New York Mellon CorpBought 24,970 shares on 7/26/2024Ownership: 0.405%Allspring Global Investments Holdings LLCSold 377,740 shares on 7/26/2024Ownership: 0.025%Assenagon Asset Management S.A.Sold 3,977 shares on 7/18/2024Ownership: 0.036%Sequoia Financial Advisors LLCBought 39,314 shares on 7/16/2024Ownership: 0.084%Harbor Capital Advisors Inc.Bought 50,243 shares on 7/9/2024Ownership: 0.119%View All Insider TransactionsView All Institutional Transactions MITK Stock Analysis - Frequently Asked Questions How have MITK shares performed this year? Mitek Systems' stock was trading at $13.04 on January 1st, 2024. Since then, MITK shares have increased by 0.8% and is now trading at $13.15. View the best growth stocks for 2024 here. How were Mitek Systems' earnings last quarter? Mitek Systems, Inc. (NASDAQ:MITK) released its earnings results on Monday, May, 13th. The software maker reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.22 by $0.04. The software maker had revenue of $46.97 million for the quarter, compared to the consensus estimate of $46.49 million. Mitek Systems had a positive trailing twelve-month return on equity of 11.71% and a negative net margin of 4.49%. 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. Who are Mitek Systems' major shareholders? Mitek Systems' top institutional investors include Bank of New York Mellon Corp (0.41%), Harbor Capital Advisors Inc. (0.12%), Sequoia Financial Advisors LLC (0.08%) and Assenagon Asset Management S.A. (0.04%). Insiders that own company stock include Scipio Maximus Carnecchia, Michael E Diamond, Stephen Ritter, Christopher H Briggs, Frank Teruel, Donna Wells, William K Aulet and Jason Gray. 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. What other stocks do shareholders of Mitek Systems own? Based on aggregate information from My MarketBeat watchlists, some other companies that Mitek Systems investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Salesforce (CRM), Intel (INTC) and Block (SQ). 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