NASDAQ:MITK - Mitek Systems Stock Price, News, & Analysis

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$11.68 -0.02 (-0.17 %)
(As of 03/20/2019 04:00 PM ET)
Previous Close$11.70
Today's Range$11.61 - $11.75
52-Week Range$6.32 - $11.92
Volume237,630 shs
Average Volume436,384 shs
Market Capitalization$452.42 million
P/E Ratio90.02
Dividend YieldN/A
Beta-0.39
Mitek Systems, Inc. develops, markets, and sells mobile image capture and identity verification software solutions in the United States, Europe, Latin America, and internationally. The company's solutions are embedded in native mobile apps and mobile optimized Websites to enhance mobile user experiences, fraud detection and reduction, and compliant transactions. It offers Mobile Deposit that allows 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 to verify people's identities at the point of onboarding through Web or mobile device. The company also provides Mobile Fill, a mobile identity capture solution to pre-fill forms with personal data by snapping a picture of the consumer's driver license, credit card, or other similar identity documents; Mobile Docs, a mobile document scanning solution; and MiSnap, a touch-free automated capture technology. In addition, it offers A2iA CheckReader that enables financial institutions to automatically extract data from checks; A2iA DocumentReader, a document classification and data extraction tool; A2iA TextReader that enables text transcription for printed and cursive handwritten text recognition; 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, etc. through direct sales teams and channel partners. Mitek Systems, Inc. was founded in 1983 and is based in San Diego, California.

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Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$63.56 million
Cash Flow$0.2606 per share
Book Value$2.52 per share

Profitability

Net Income$-11,800,000.00

Miscellaneous

EmployeesN/A
Market Cap$452.42 million
Next Earnings Date5/7/2019 (Estimated)
OptionableOptionable

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) issued its quarterly earnings data on Tuesday, January, 29th. The software maker reported $0.03 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.02 by $0.01. The software maker earned $17.68 million during the quarter, compared to analyst estimates of $17.26 million. Mitek Systems had a positive return on equity of 4.54% and a negative net margin of 13.40%. View Mitek Systems' Earnings History.

When is Mitek Systems' next earnings date?

Mitek Systems is scheduled to release their next quarterly earnings announcement on Tuesday, May 7th 2019. View Earnings Estimates for Mitek Systems.

What guidance has Mitek Systems issued on next quarter's earnings?

Mitek Systems issued an update on its FY 2019 earnings guidance on Tuesday, January, 29th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $83-86 million, compared to the consensus revenue estimate of $84.5 million.

What price target have analysts set for MITK?

2 brokers have issued 12 month price objectives for Mitek Systems' stock. Their predictions range from $12.00 to $18.00. On average, they expect Mitek Systems' stock price to reach $15.00 in the next year. This suggests a possible upside of 28.4% from the stock's current price. View Analyst Price Targets for Mitek Systems.

What is the consensus analysts' recommendation for Mitek Systems?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mitek Systems in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Mitek Systems.

Has Mitek Systems been receiving favorable news coverage?

News stories about MITK stock have been trending somewhat positive on Wednesday, according to InfoTrie. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Mitek Systems earned a coverage optimism score of 1.3 on InfoTrie's scale. They also assigned media stories about the software maker a news buzz of 5.0 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the company's share price in the next few days.

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), Cara Therapeutics (CARA), Meet Group (MEET), Chesapeake Energy (CHK), FireEye (FEYE), Bank of America (BAC) and SunPower (SPWR).

Who are Mitek Systems' key executives?

Mitek Systems' management team includes the folowing people:
  • Mr. Jeffrey C. Davison CPA, Chief Financial Officer (Age 54)
  • Mr. Stephen J. Ritter, Chief Technology Officer (Age 49)
  • Mr. Scipio Maximus Carnecchia, CEO & Director (Age 56)
  • Mr. Todd Kehrli, Investor Contacts
  • Mr. Jason L. Gray, Chief Legal Officer, Chief Compliance Officer & Corp. Sec. (Age 48)

Who are Mitek Systems' major shareholders?

Mitek Systems' stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.57%), Thomson Horstmann & Bryant Inc. (3.34%), Prescott Group Capital Management L.L.C. (1.59%), Sargent Investment Group LLC (1.46%), Dimensional Fund Advisors LP (1.20%) and Dimensional Fund Advisors LP (1.20%). Company insiders that own Mitek Systems stock include Bruce Edward Hansen, Clark Sarah, James B Debello, James C Hale III, Jason Gray, Jeffrey C Davison, Karel J Marsal, Michael E Diamond, Russell C Clark and Stephen Ritter. View Institutional Ownership Trends for Mitek Systems.

Which major investors are selling Mitek Systems stock?

MITK stock was sold by a variety of institutional investors in the last quarter, including Gradient Investments LLC, Strs Ohio, BlackRock Inc., Mirae Asset Global Investments Co. Ltd., Essex Investment Management Co. LLC, Two Sigma Advisers LP, Northern Trust Corp and Eqis Capital Management Inc.. Company insiders that have sold Mitek Systems company stock in the last year include Bruce Edward Hansen, Clark Sarah, James B Debello, Jason Gray, Jeffrey C Davison, Karel J Marsal, Michael E Diamond and Stephen Ritter. View Insider Buying and Selling for Mitek Systems.

Which major investors are buying Mitek Systems stock?

MITK stock was bought by a variety of institutional investors in the last quarter, including Sargent Investment Group LLC, Potrero Capital Research LLC, Hudson Bay Capital Management LP, Thomson Horstmann & Bryant Inc., Quad Capital Management Advisors LLC, OMERS ADMINISTRATION Corp, Dimensional Fund Advisors LP and Dimensional Fund Advisors LP. View Insider Buying and Selling for Mitek Systems.

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 $11.68.

How big of a company is Mitek Systems?

Mitek Systems has a market capitalization of $452.42 million and generates $63.56 million in revenue each year. The software maker earns $-11,800,000.00 in net income (profit) each year or $0.13 on an earnings per share basis.

What is Mitek Systems' official website?

The official website for Mitek Systems is http://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]


MarketBeat Community Rating for Mitek Systems (NASDAQ MITK)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  265 (Vote Outperform)
Underperform Votes:  292 (Vote Underperform)
Total Votes:  557
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 3/20/2019 by MarketBeat.com Staff

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