NASDAQ:MITK - Mitek Systems Stock Price, Price Target & More

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$9.22 -0.13 (-1.39 %)
(As of 07/16/2018 04:00 PM ET)
Previous Close$9.35
Today's Range$9.05 - $9.36
52-Week Range$7.00 - $10.75
Volume148,000 shs
Average Volume287,796 shs
Market Capitalization$327.80 million
P/E Ratio44.52
Dividend YieldN/A
Beta0.37
Mitek Systems logoMitek Systems, Inc. develops, markets, and sells mobile image capture and identity verification software solutions for enterprise customers worldwide. The company's solutions are embedded in native mobile apps and mobile optimized Websites to enhance mobile user experiences and transactions. It offers Mobile Deposit that allows individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; Mobile Verify, an identity verification solution that can be integrated into mobile apps, mobile Websites, and desktop applications; Mobile Fill to pre-fill forms with personal data by simply snapping a picture of the consumer's driver license, credit card, or other document; Mobile Docs, a mobile document scanning solution; and MiSnap Multi-Check Capture, a software development kit that banks embed in their business banking app that facilitates capture of various checks in one deposit session. The company markets and sells its solutions primarily to banks, credit unions, lenders, payments processers, card issuers, insurers, etc. through direct sales teams and channel partners. Mitek Systems, Inc. was founded in 1983 and is headquartered in San Diego, California.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Computer peripheral equipment, not elsewhere classified
Sub-IndustryN/A
SectorComputer and Technology
SymbolNASDAQ:MITK
CUSIPN/A
Phone619-269-6800

Debt

Debt-to-Equity RatioN/A
Current Ratio3.88
Quick Ratio3.88

Price-To-Earnings

Trailing P/E Ratio44.52
Forward P/E Ratio307.33
P/E Growth23.37

Sales & Book Value

Annual Sales$45.39 million
Price / Sales7.12
Cash Flow$0.2908 per share
Price / Cash31.71
Book Value$1.83 per share
Price / Book5.04

Profitability

EPS (Most Recent Fiscal Year)$0.21
Net Income$14.09 million
Net Margins12.89%
Return on Equity6.68%
Return on Assets5.47%

Miscellaneous

Employees141
Outstanding Shares35,060,000
Market Cap$327.80

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Mitek Systems (NASDAQ:MITK) Frequently Asked Questions

What is Mitek Systems' stock symbol?

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

How were Mitek Systems' earnings last quarter?

Mitek Systems, Inc. (NASDAQ:MITK) released its quarterly earnings results on Tuesday, May, 1st. The software maker reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. The software maker earned $14.28 million during the quarter, compared to analyst estimates of $13.41 million. Mitek Systems had a net margin of 12.89% and a return on equity of 6.68%. The company's quarterly revenue was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 earnings per share. View Mitek Systems' Earnings History.

What price target have analysts set for MITK?

4 equities research analysts have issued 12 month price objectives for Mitek Systems' shares. Their predictions range from $11.00 to $14.00. On average, they expect Mitek Systems' stock price to reach $12.25 in the next year. This suggests a possible upside of 32.9% from the stock's current price. View Analyst Ratings for Mitek Systems.

What is the consensus analysts' recommendation for Mitek Systems?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mitek Systems in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

What are Wall Street analysts saying about Mitek Systems stock?

Here are some recent quotes from research analysts about Mitek Systems stock:
  • 1. 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. " (3/29/2018)
  • 2. National Securities analysts commented, "Last week we hosted investor meetings with New Relic’s management (CFO Mark Sachleben and VP Finance Jon Parker). Overall, we come away with increased confidence in the company’s total addressable market (TAM) opportunities, its competitive positioning, and our thesis; therefore we’re raising our price target to $85 from $66. Key takeaways: (1) TAM expansion is underway with end-to-end monitoring rising in importance; (2) the competitive environment remains fragmented and largely not cloud"-focused; and (3) the drivers required for delivering on management’s $1B/FY22 revenue target are largely in place. While the shares have already moved aggressively higher this year, we see a compelling long-term path for New Relic and remain positive on the shares. Maintain Outperform." (3/9/2018)

Who are some of Mitek Systems' key competitors?

Who are Mitek Systems' key executives?

Mitek Systems' management team includes the folowing people:
  • Mr. James B. DeBello, Chairman, Pres & CEO (Age 59)
  • Mr. Jeffrey C. Davison CPA, Chief Financial Officer (Age 53)
  • Mr. Kalle Marsal, Chief Operating Officer (Age 46)
  • Mr. Stephen J. Ritter, Chief Technology Officer (Age 48)
  • Mr. Michael E. Diamond, Sr. VP & GM of Payments (Age 53)

Has Mitek Systems been receiving favorable news coverage?

Media stories about MITK stock have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Mitek Systems earned a news sentiment score of 0.15 on Accern's scale. They also assigned media stories about the software maker an impact score of 46.05 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.

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, Scottrade, Fidelity and Charles Schwab.

What is Mitek Systems' stock price today?

One share of MITK stock can currently be purchased for approximately $9.22.

How big of a company is Mitek Systems?

Mitek Systems has a market capitalization of $327.80 million and generates $45.39 million in revenue each year. The software maker earns $14.09 million in net income (profit) each year or $0.21 on an earnings per share basis. Mitek Systems employs 141 workers across the globe.

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]


MarketBeat Community Rating for Mitek Systems (NASDAQ MITK)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  205 (Vote Outperform)
Underperform Votes:  237 (Vote Underperform)
Total Votes:  442
MarketBeat's community ratings are surveys of what our community members think about Mitek Systems and other stocks. Vote "Outperform" if you believe MITK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MITK will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 7/16/2018 by MarketBeat.com Staff

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