Mitek Systems - MITK Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mitek Systems in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MITK shares.
View MITK analyst ratings or view top-rated stocks.

3 Wall Street research analysts have issued twelve-month target prices for Mitek Systems' shares. Their MITK share price forecasts range from $13.00 to $28.00. On average, they predict the company's share price to reach $18.75 in the next twelve months. This suggests a possible upside of 75.7% from the stock's current price.
View analysts price targets for MITK or view top-rated stocks among Wall Street analysts.

Mitek Systems' stock was trading at $9.69 at the beginning of 2023. Since then, MITK stock has increased by 10.1% and is now trading at $10.67.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
View our MITK earnings forecast.

Mitek Systems, Inc. (NASDAQ:MITK) announced its quarterly earnings data on Thursday, November, 4th. The software maker reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.03. The software maker earned $33.30 million during the quarter, compared to analysts' expectations of $33.23 million. Mitek Systems had a trailing twelve-month return on equity of 17.00% and a net margin of 4.59%. The company's revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.22 earnings per share.

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.

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

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

Mitek Systems' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Cannell & Co. (0.91%), Sargent Investment Group LLC (0.77%), Bank of Montreal Can (0.67%), Knights of Columbus Asset Advisors LLC (0.31%), Allspring Global Investments Holdings LLC (0.19%) and Merit Financial Group LLC (0.12%). Insiders that own company stock include Alex W Hart, Bruce Edward Hansen, Frank Teruel, Jane J Thompson, Jason Gray, Jeffrey C Davison, Jeffrey C Davison, Michael E Diamond, Scipio Maximus Carnecchia, Stephen Ritter and William K Aulet.
View institutional ownership trends.

Shares of MITK stock 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.
Compare Top Brokerages Here.

One share of MITK stock can currently be purchased for approximately $10.67.

Mitek Systems (NASDAQ:MITK) has a market capitalization of $476.74 million and generates $139.79 million in revenue each year. The software maker earns $7.98 million in net income (profit) each year or $0.14 on an earnings per share basis.

The company employs 435 workers across the globe.

Mitek Systems' mailing address is 600 B STREET SUITE 100, SAN DIEGO CA, 92101. The official website for the company is www.miteksystems.com. The software maker can be reached via phone at (619) 269-6800, via email at ir@miteksystems.com, or via fax at 619-269-6801.