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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
pixel
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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NASDAQ:MITK

Mitek Systems Stock Forecast, Price & News

$16.93
-0.36 (-2.08 %)
(As of 01/15/2021 12:00 AM ET)
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Today's Range
$16.60
Now: $16.93
$17.29
50-Day Range
$11.51
MA: $15.80
$19.07
52-Week Range
$5.26
Now: $16.93
$19.88
Volume571,230 shs
Average Volume625,650 shs
Market Capitalization$719.90 million
P/E Ratio94.06
Dividend YieldN/A
Beta0.32
Mitek Systems, Inc. develops, markets, and sells mobile image capture and digital identity verification solutions in the United States, Europe, Latin America, and internationally. The company's solutions are embedded in native mobile apps and browsers to facilitate online user experiences, fraud detection and reduction, and compliant transactions. It offers Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; and Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications. The company also provides Mobile Fill, an application to prefill forms with user data by snapping a picture of the driver license or other similar identity documents; Mobile Docs, a mobile document scanning solution; and MiSnap, an image capture technology. In addition, it offers CheckReader that enables financial institutions to automatically extract data from checks; XE, a recurrent neural network engine; and ID_CLOUD, an automated identity verification solution that is integrated into a customers' application to read and validate identity documents. The company sells its solutions primarily to banks, credit unions, lenders, payments processers, card issuers, fintech companies, and others through direct sales teams and channel partners. Mitek Systems, Inc. was incorporated in 1986 and is based in San Diego, California.
Mitek Systems logo

MarketRank

Overall MarketRank

0.93 out of 5 stars

Analyst Opinion: 1.3Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 0.0 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Computer peripheral equipment, not elsewhere classified
Sub-IndustryN/A
Current SymbolNASDAQ:MITK
CUSIPN/A
Phone619-269-6800
Employees350

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$101.31 million
Cash Flow$0.71 per share
Book Value$3.20 per share

Profitability

Net Income$7.81 million

Miscellaneous

Market Cap$719.90 million
Next Earnings Date2/4/2021 (Estimated)
OptionableOptionable
$16.93
-0.36 (-2.08 %)
(As of 01/15/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Mitek Systems (NASDAQ:MITK) Frequently Asked Questions

How has Mitek Systems' stock price been impacted by COVID-19 (Coronavirus)?

Mitek Systems' stock was trading at $7.64 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MITK shares have increased by 121.6% and is now trading at $16.93.
View which stocks have been most impacted by COVID-19
.

Is Mitek Systems a buy right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Mitek Systems in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Mitek Systems stock.
View analyst ratings for Mitek Systems
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Mitek Systems?

Wall Street analysts have given Mitek Systems a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Mitek Systems wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Mitek Systems' next earnings date?

Mitek Systems is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021.
View our earnings forecast for Mitek Systems
.

How were Mitek Systems' earnings last quarter?

Mitek Systems, Inc. (NASDAQ:MITK) announced its quarterly earnings results on Thursday, November, 5th. The software maker reported $0.26 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.14 by $0.12. The software maker earned $30.64 million during the quarter, compared to the consensus estimate of $26.86 million. Mitek Systems had a net margin of 7.71% and a return on equity of 17.19%. The company's revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 EPS.
View Mitek Systems' earnings history
.

What price target have analysts set for MITK?

3 brokers have issued 1 year target prices for Mitek Systems' shares. Their forecasts range from $9.00 to $12.00. On average, they anticipate Mitek Systems' stock price to reach $10.67 in the next twelve months. This suggests that the stock has a possible downside of 37.0%.
View analysts' price targets for Mitek Systems
or view Wall Street analyst' top-rated stocks.

Are investors shorting Mitek Systems?

Mitek Systems saw a increase in short interest in the month of December. As of December 31st, there was short interest totaling 1,380,000 shares, an increase of 35.3% from the December 15th total of 1,020,000 shares. Based on an average daily volume of 692,400 shares, the short-interest ratio is presently 2.0 days.
View Mitek Systems' Short Interest
.

Who are some of Mitek Systems' key competitors?

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.com (CRM), Intel (INTC), Square (SQ), AbbVie (ABBV), PayPal (PYPL) and Cisco Systems (CSCO).

Who are Mitek Systems' key executives?

Mitek Systems' management team includes the following people:
  • Mr. Scipio Maximus Carnecchia, CEO & Director (Age 57, Pay $784.29k)
  • Mr. Jeffrey C. Davison CPA, Chief Financial Officer (Age 55, Pay $539.91k)
  • Mr. Stephen J. Ritter, Chief Technology Officer (Age 50, Pay $456.75k)
  • Mr. Jason L. Gray, Chief Legal Officer (Age 49, Pay $460.79k)
  • Mr. Michael E. Diamond, GM & Sr. VP of Digital Banking (Age 55, Pay $436.32k)
  • Mr. Todd Kehrli, Investor Contacts
  • Cindy White, VP of Global Marketing
  • Ms. Judith Ohrn Hicks, VP of Global People Operations (Age 56)
  • Mr. Aaron Korsen, Sr. VP of North American Identity Sales

What is Mitek Systems' stock symbol?

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

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Mitek Systems' stock price today?

One share of MITK stock can currently be purchased for approximately $16.93.

How big of a company is Mitek Systems?

Mitek Systems has a market capitalization of $719.90 million and generates $101.31 million in revenue each year. The software maker earns $7.81 million in net income (profit) each year or $0.50 on an earnings per share basis. Mitek Systems employs 350 workers across the globe.

What is Mitek Systems' official website?

The official website for Mitek Systems is www.miteksystems.com.

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]

This page was last updated on 1/18/2021 by MarketBeat.com Staff

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