Mitek Systems Company Profile (NASDAQ:MITK)

About Mitek Systems (NASDAQ:MITK)

Mitek Systems logoMitek Systems, Inc. develops, markets and sells mobile capture and identity verification software solutions for enterprise customers. The Company's technology allows users to remotely deposit checks, open accounts, get insurance quotes, pay bills, as well as verify their identity by taking pictures of various documents with their camera-equipped smartphones and tablets instead of using the device keyboard. Its technology uses algorithms to correct image distortion, extract relevant data, route images to their desired location and process transactions. Its technology processes images of documents in various ways. The Company's products include Mobile Verify, Mobile Fill, Mobile Docs, Mobile Deposit and Commercial Mobile Deposit Capture. Its mobile technology solutions are provided in two parts: a software development kit (SDK) for mobile capture, and a software platform for image correction, detection, extraction and authentication.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Application Software
  • Sub-Industry: N/A
  • Symbol: NASDAQ:MITK
  • CUSIP: N/A
  • Web: www.miteksystems.com
Capitalization:
  • Market Cap: $277 million
  • Outstanding Shares: 33,373,000
Average Prices:
  • 50 Day Moving Avg: $8.14
  • 200 Day Moving Avg: $6.66
  • 52 Week Range: $5.26 - $9.25
P/E:
  • Trailing P/E Ratio: 120.29
  • Foreward P/E Ratio: 21.84
  • P/E Growth: 1.17
Sales & Book Value:
  • Annual Revenue: $39.46 million
  • Price / Sales: 7.02
  • Book Value: $1.28 per share
  • Price / Book: 6.48
Profitability:
  • EBIDTA: $5.59 million
  • Net Margins: 4.58%
  • Return on Equity: 11.03%
  • Return on Assets: 9.03%
Debt:
  • Current Ratio: 6.80%
  • Quick Ratio: 6.80%
Misc:
  • Average Volume: 428,997 shs.
  • Beta: 2.33
  • Short Ratio: 6.41
 

Frequently Asked Questions for Mitek Systems (NASDAQ:MITK)

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 earnings results on Friday, April, 28th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.02. The company earned $11.40 million during the quarter, compared to analyst estimates of $10.33 million. Mitek Systems had a net margin of 4.58% and a return on equity of 11.03%. The company's revenue for the quarter was up 33.8% on a year-over-year basis. During the same quarter last year, the business posted $0.07 EPS. View Mitek Systems' Earnings History.

Where is Mitek Systems' stock going? Where will Mitek Systems' stock price be in 2017?

4 equities research analysts have issued 1 year price targets for Mitek Systems' shares. Their forecasts range from $8.00 to $10.00. On average, they anticipate Mitek Systems' share price to reach $9.25 in the next twelve months. View Analyst Ratings for Mitek Systems.

What are 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. " (3/23/2017)
  • 2. Needham & Company LLC analysts commented, "Mitek delivered 1Q17 results above consensus with revenue of $9.3M (vs. Street $8.7M) and non-GAAP EPS of $0.03 (vs. Street $0.02). Software revenue of $6.0M grew 27% y/y and was well-ahead of our estimates for $5.2M as mobile deposit trends remain strong. While the strength in the software line is encouraging, we think investors would favor (and reward) growth in the services lines which includes revenue from Mitek's cloud-based identity and authentication products. We expect the deals that Mitek has closed in the ID space to contribute more meaningfully to revenue through the remainder of FY17. We believe that as Mobile Deposit trends remain strong to accelerating and Mitek continues gaining traction with its ID products, top line growth will accelerate and shares will be rewarded with a higher multiple." (2/2/2017)

Who are some of Mitek Systems' key competitors?

Who owns Mitek Systems stock?

Mitek Systems' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (3.93%), Wells Fargo & Company MN (3.25%), Skylands Capital LLC (1.77%), Thomson Horstmann & Bryant Inc. (1.75%), Granite Investment Partners LLC (1.35%) and S Squared Technology LLC (1.26%). Company insiders that own Mitek Systems stock include Clark Sarah, James B Debello, Jason Gray, John M Thornton, Michael E Diamond, Russell C Clark and Vinton Paul Cunningham. View Institutional Ownership Trends for Mitek Systems.

Who sold Mitek Systems stock? Who is selling Mitek Systems stock?

Mitek Systems' stock was sold by a variety of institutional investors in the last quarter, including Menta Capital LLC, Morgan Stanley, Trexquant Investment LP, Highbridge Capital Management LLC, AQR Capital Management LLC, WealthTrust Axiom LLC, Granite Investment Partners LLC and Driehaus Capital Management LLC. Company insiders that have sold Mitek Systems stock in the last year include Clark Sarah, James B Debello, Jason Gray, Russell C Clark and Vinton Paul Cunningham. View Insider Buying and Selling for Mitek Systems.

Who bought Mitek Systems stock? Who is buying Mitek Systems stock?

Mitek Systems' stock was acquired by a variety of institutional investors in the last quarter, including Thomson Horstmann & Bryant Inc., Goldman Sachs Group Inc., Skylands Capital LLC, P.A.W. Capital Corp, Vanguard Group Inc., Renaissance Group LLC, Essex Investment Management Co. LLC and TIAA CREF Investment Management LLC. View Insider Buying and Selling for Mitek Systems.

How do I buy Mitek Systems stock?

Shares of Mitek Systems can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Mitek Systems stock cost?

One share of Mitek Systems stock can currently be purchased for approximately $8.30.

Analyst Ratings

Consensus Ratings for Mitek Systems (NASDAQ:MITK) (?)
Ratings Breakdown: 4 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $9.25 (11.45% upside)

Analysts' Ratings History for Mitek Systems (NASDAQ:MITK)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/24/2017Roth CapitalSet Price TargetBuy$9.00LowView Rating Details
3/21/2017Benchmark Co.Reiterated RatingBuyMediumView Rating Details
2/2/2017Needham & Company LLCLower Price TargetBuy$9.50 -> $8.00N/AView Rating Details
12/8/2016BTIG ResearchInitiated CoverageBuy$10.00N/AView Rating Details
1/31/2016William BlairReiterated RatingOutperformN/AView Rating Details
1/25/2016Northland SecuritiesInitiated CoverageOutperformN/AView Rating Details
(Data available from 5/27/2015 forward)

Earnings

Earnings History for Mitek Systems (NASDAQ:MITK)
Earnings by Quarter for Mitek Systems (NASDAQ:MITK)
Earnings History by Quarter for Mitek Systems (NASDAQ:MITK)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/28/2017Q2 2017$0.02$0.04$10.33 million$11.40 millionViewN/AView Earnings Details
2/2/2017Q117$0.03$0.03$8.74 million$9.30 millionViewListenView Earnings Details
11/3/2016Q416$0.06$0.07$9.60 million$9.67 millionViewN/AView Earnings Details
7/28/2016Q316$0.04$0.07$8.31 million$9.10 millionViewListenView Earnings Details
4/28/2016Q216$0.04$0.07$7.38 million$8.52 millionViewListenView Earnings Details
1/28/2016Q116$0.02$0.04$6.45 million$7.40 millionViewListenView Earnings Details
11/5/2015Q415$0.03$0.09$6.59 million$7.90 millionViewN/AView Earnings Details
7/23/2015Q315$0.04$0.07$5.83 million$6.40 millionViewListenView Earnings Details
4/30/2015Q215$0.03$0.05$5.40 million$5.70 millionViewN/AView Earnings Details
1/29/2015Q115($0.05)$0.02$5.26 million$5.39 millionViewN/AView Earnings Details
11/6/2014Q414($0.06)$0.04$5.00 million$5.50 millionViewN/AView Earnings Details
5/1/2014Q214($0.07)($0.07)$4.37 million$4.50 millionViewN/AView Earnings Details
2/6/2014Q114($0.08)($0.02)$4.09 million$4.50 millionViewN/AView Earnings Details
11/7/2013Q413($0.08)($0.02)$3.38 million$4.38 millionViewN/AView Earnings Details
7/25/2013Q3 2013($0.07)($0.05)$3.10 million$3.88 millionViewN/AView Earnings Details
5/7/2013Q2 2013($0.04)($0.06)$2.37 million$3.20 millionViewN/AView Earnings Details
1/31/2013Q1 2013($0.05)($0.03)$2.19 million$3.30 millionViewN/AView Earnings Details
11/7/2012Q412($0.04)($0.09)$3.42 million$1.20 millionViewN/AView Earnings Details
7/24/2012($0.03)($0.05)ViewN/AView Earnings Details
5/2/2012$0.02($0.09)ViewN/AView Earnings Details
2/7/2012$0.02ViewN/AView Earnings Details
11/14/2011$0.01($0.01)ViewN/AView Earnings Details
8/8/2011($0.06)$0.01ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Mitek Systems (NASDAQ:MITK)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.04$0.04$0.04
Q2 20171$0.06$0.06$0.06
Q3 20171$0.06$0.06$0.06
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Mitek Systems (NASDAQ:MITK)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Mitek Systems (NASDAQ:MITK)
Insider Ownership Percentage: 8.52%
Institutional Ownership Percentage: 45.34%
Insider Trades by Quarter for Mitek Systems (NASDAQ:MITK)
Institutional Ownership by Quarter for Mitek Systems (NASDAQ:MITK)
Insider Trades by Quarter for Mitek Systems (NASDAQ:MITK)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/2/2017Clark SarahInsiderSell2,680$8.55$22,914.00View SEC Filing  
4/27/2017Jason GrayInsiderSell7,789$8.20$63,869.80View SEC Filing  
3/15/2017Vinton Paul CunninghamDirectorSell30,000$5.87$176,100.00View SEC Filing  
11/17/2016James B DebelloCEOSell22,769$5.41$123,180.29View SEC Filing  
11/17/2016Russell C ClarkInsiderSell15,349$5.41$83,038.09View SEC Filing  
5/2/2016James B DebelloCEOSell59,091$8.11$479,228.01View SEC Filing  
5/2/2016Michael E DiamondInsiderSell170,007$8.06$1,370,256.42View SEC Filing  
5/2/2016Russell C ClarkCFOSell109,568$8.03$879,831.04View SEC Filing  
2/18/2016John M. ThorntonDirectorSell243,663$5.09$1,240,244.67View SEC Filing  
12/9/2015John M ThorntonDirectorSell30,100$5.00$150,500.00View SEC Filing  
12/4/2015John M ThorntonDirectorSell142,037$5.13$728,649.81View SEC Filing  
12/2/2015John M ThorntonDirectorSell142,600$5.15$734,390.00View SEC Filing  
12/1/2015John M ThorntonDirectorSell726,900$5.16$3,750,804.00View SEC Filing  
11/30/2015John M ThorntonDirectorSell381,000$5.25$2,000,250.00View SEC Filing  
11/25/2015John M ThorntonDirectorSell182,400$5.00$912,000.00View SEC Filing  
11/24/2015John M ThorntonDirectorSell390,600$5.00$1,953,000.00View SEC Filing  
11/17/2015Russell C. ClarkCFOSell481$4.35$2,092.35View SEC Filing  
11/9/2015James B DebelloCEOSell9,050$3.87$35,023.50View SEC Filing  
11/9/2015John M ThorntonDirectorSell194,845$4.00$779,380.00View SEC Filing  
11/9/2015Michael E DiamondCROSell4,466$3.87$17,283.42View SEC Filing  
11/9/2015Russell C ClarkCFOSell3,180$3.87$12,306.60View SEC Filing  
11/6/2015John M ThorntonDirectorSell179,354$4.00$717,416.00View SEC Filing  
7/24/2015James B DebelloCEOSell75,490$4.13$311,773.70View SEC Filing  
7/24/2015John M ThorntonDirectorSell89,815$4.11$369,139.65View SEC Filing  
7/22/2015James B DebelloCEOSell39,569$4.00$158,276.00View SEC Filing  
7/22/2015John M ThorntonDirectorSell45,818$4.00$183,272.00View SEC Filing  
6/29/2015James B DebelloCEOSell9,506$4.00$38,024.00View SEC Filing  
6/29/2015John M ThorntonDirectorSell17,029$4.00$68,116.00View SEC Filing  
6/23/2015James B DebelloCEOSell63,285$4.00$253,140.00View SEC Filing  
6/23/2015John M ThorntonDirectorSell73,071$4.00$292,284.00View SEC Filing  
6/10/2015James B DebelloCEOSell13,812$4.00$55,248.00View SEC Filing  
6/10/2015John M ThorntonDirectorSell19,422$4.00$77,688.00View SEC Filing  
2/23/2015James B DebelloCEOSell3,751$3.35$12,565.85View SEC Filing  
2/23/2015Russell C ClarkCFOSell1,879$3.35$6,294.65View SEC Filing  
7/31/2014Michael E DiamondCROSell2,488$3.15$7,837.20View SEC Filing  
7/31/2014Michael S StrangeCTOSell2,459$3.15$7,745.85View SEC Filing  
7/31/2014Scott R CarterCMOSell4,123$3.15$12,987.45View SEC Filing  
3/7/2014Vinton Paul CunninghamDirectorSell14,000$5.02$70,280.00View SEC Filing  
2/27/2014Gerald FarmerDirectorSell15,000$5.12$76,800.00View SEC Filing  
2/27/2014Russell ClarkCFOSell5,478$5.05$27,663.90View SEC Filing  
12/11/2013James DebelloCEOSell288,704$6.24$1,801,512.96View SEC Filing  
2/15/2013James B DebelloCEOSell138,187$5.00$690,935.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Mitek Systems (NASDAQ:MITK)
Latest Headlines for Mitek Systems (NASDAQ:MITK)
Source:
DateHeadline
seekingalpha.com logoIs The Empire About To Strike Back At Mitek Systems? - Seeking Alpha
seekingalpha.com - May 27 at 12:27 AM
finance.yahoo.com logoMitek ID Solutions Selected by Leading Digital Lender
finance.yahoo.com - May 24 at 10:43 AM
finance.yahoo.com logoMitek Joins Airbnb, Lyft, Payfone and One World on Panel at K(NO)W Identity Conference
finance.yahoo.com - May 16 at 10:31 AM
americanbankingnews.com logo$11.37 Million in Sales Expected for Mitek Systems, Inc. (MITK) This Quarter
www.americanbankingnews.com - May 10 at 1:04 PM
finance.yahoo.com logoMitek to Present at Needham Emerging Technology Conference on May 16
finance.yahoo.com - May 9 at 6:14 PM
finance.yahoo.com logoMitek’s CMO to Showcase Benefits of Mobile Identity Verification at Digital Travel Summit
finance.yahoo.com - May 9 at 11:48 AM
americanbankingnews.com logoZacks: Brokerages Anticipate Mitek Systems, Inc. (MITK) to Announce $0.04 EPS
www.americanbankingnews.com - May 8 at 12:02 PM
finance.yahoo.com logoMitek Systems, Inc. (MITK)
finance.yahoo.com - May 6 at 9:00 AM
americanbankingnews.com logoMitek Systems, Inc. (MITK) Insider Clark Sarah Sells 2,680 Shares
www.americanbankingnews.com - May 6 at 12:58 AM
americanbankingnews.com logoClark Sarah Sells 2,680 Shares of Mitek Systems, Inc. (MITK) Stock
www.americanbankingnews.com - May 4 at 10:42 PM
americanbankingnews.com logoMitek Systems, Inc. (MITK) Upgraded to "B" by TheStreet
www.americanbankingnews.com - May 3 at 4:48 PM
finance.yahoo.com logoMitek’s Cloud ID Solution to be Used by Leading Canadian Financial Services Company
finance.yahoo.com - May 3 at 8:19 AM
americanbankingnews.com logoMitek Systems, Inc. (MITK) Insider Sells $63,869.80 in Stock
www.americanbankingnews.com - May 1 at 10:20 PM
seekingalpha.com logoMitek Systems' (MITK) CEO James DeBello on Q2 2017 Results ... - Seeking Alpha
seekingalpha.com - April 29 at 8:34 AM
americanbankingnews.com logoMitek Systems (MITK) Earning Very Favorable News Coverage, Study Finds
www.americanbankingnews.com - April 29 at 8:11 AM
americanbankingnews.com logoMitek Systems, Inc. (MITK) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS
www.americanbankingnews.com - April 29 at 1:15 AM
finance.yahoo.com logoEdited Transcript of MITK earnings conference call or presentation 27-Apr-17 8:30pm GMT
finance.yahoo.com - April 28 at 9:16 AM
finance.yahoo.com logoCan The Uptrend Continue for Mitek Systems (MITK)?
finance.yahoo.com - April 28 at 9:16 AM
finance.yahoo.com logoMitek Reports Record Revenue and Profitability in Second Quarter of Fiscal 2017
finance.yahoo.com - April 28 at 12:08 AM
nasdaq.com logoMitek Systems (MITK) In Focus: Stock Adds 13.3% in Session - Nasdaq
www.nasdaq.com - April 27 at 7:06 PM
marketbeat.com logoMitek Systems tops Street 2Q forecasts
marketbeat.com - April 27 at 6:47 PM
americanbankingnews.com logoMitek Systems (MITK) Receives Daily Coverage Optimism Score of 0.07
www.americanbankingnews.com - April 26 at 9:54 PM
americanbankingnews.com logoMitek Systems, Inc. (MITK) Given a $9.00 Price Target at Roth Capital
www.americanbankingnews.com - April 25 at 4:16 PM
finance.yahoo.com logoMitek Systems (MITK) In Focus: Stock Adds 13.3% in Session
finance.yahoo.com - April 25 at 11:26 AM
americanbankingnews.com logoMitek Systems, Inc. (MITK) Receives Average Recommendation of "Buy" from Analysts
www.americanbankingnews.com - April 24 at 2:52 PM
americanbankingnews.com logoMitek Systems (MITK) Receives News Impact Rating of 0.12
www.americanbankingnews.com - April 23 at 9:39 PM
finance.yahoo.com logoMitek to Report Second Quarter Fiscal 2017 Financial Results on April 27, 2017
finance.yahoo.com - April 20 at 8:08 AM
americanbankingnews.com logoMitek Systems, Inc. (MITK) Expected to Post Quarterly Sales of $10.44 Million
www.americanbankingnews.com - April 19 at 1:10 PM
finance.yahoo.com logoMitek’s ID Solutions Selected by Global Financial Services Firm to Improve Mobile Account Opening Process
finance.yahoo.com - April 18 at 10:24 AM
finance.yahoo.com logoZacks.com featured highlights: Mitek Systems, U.S. Silica Holdings, Suncor Energy, Antero Resources and Teradyne
finance.yahoo.com - April 18 at 10:24 AM
americanbankingnews.com logoMitek Systems (MITK) Given Daily Media Sentiment Rating of 0.48
www.americanbankingnews.com - April 17 at 1:04 PM
americanbankingnews.com logo Analysts Expect Mitek Systems, Inc. (MITK) Will Post Earnings of $0.02 Per Share
www.americanbankingnews.com - April 17 at 11:28 AM
americanbankingnews.com logoMitek Systems (MITK) Receives Coverage Optimism Rating of 0.36
www.americanbankingnews.com - April 13 at 4:17 PM
finance.yahoo.com logo4 Stocks Set to Trump Earnings in the Technology Space
finance.yahoo.com - April 12 at 7:28 PM
seekingalpha.com logoMitek lands mobile ID verification patent - Seeking Alpha
seekingalpha.com - April 11 at 11:14 AM
finance.yahoo.com logoMitek Granted New Mobile ID Verification Patent
finance.yahoo.com - April 11 at 11:14 AM
finance.yahoo.com logoMitek Announces $1 Trillion Deposited Through Mobile Deposit®
finance.yahoo.com - April 7 at 11:12 AM
finance.yahoo.com logoMitek Systems (MITK) Shares March Higher, Can It Continue?
finance.yahoo.com - April 7 at 11:12 AM
finance.yahoo.com logoSurging Earnings Estimates Signal Good News for Mitek Systems (MITK)
finance.yahoo.com - April 3 at 10:12 AM
finance.yahoo.com logoZacks.com featured highlights: Inogen, Diamondback Energy, Radiant Logistics, Mitek Systems and LPL Financial Holdings
finance.yahoo.com - March 31 at 6:39 PM
americanbankingnews.com logoMitek Systems, Inc. (MITK) Given Consensus Rating of "Buy" by Analysts
www.americanbankingnews.com - March 29 at 2:31 PM
finance.yahoo.com logoMitek’s Identity Solutions Selected by Artilium, EU Mobile Virtual Network Provider
finance.yahoo.com - March 29 at 9:47 AM
americanbankingnews.com logoMitek Systems, Inc. (MITK) Upgraded at Zacks Investment Research
www.americanbankingnews.com - March 29 at 7:05 AM
americanbankingnews.com logoRoth Capital Analysts Give Mitek Systems, Inc. (MITK) a $9.00 Price Target
www.americanbankingnews.com - March 28 at 7:59 AM
americanbankingnews.com logoMitek Systems, Inc. (MITK) PT Set at $9.00 by Roth Capital
www.americanbankingnews.com - March 24 at 11:04 PM
nasdaq.com logoIs Mitek Systems (MITK) Stock a Solid Choice Right Now? - Nasdaq
www.nasdaq.com - March 24 at 8:08 AM
americanbankingnews.com logoMitek Systems, Inc. (MITK) Upgraded to Buy by Zacks Investment Research
www.americanbankingnews.com - March 23 at 11:58 PM
finance.yahoo.com logoIs Mitek Systems (MITK) Stock a Solid Choice Right Now?
finance.yahoo.com - March 23 at 7:05 PM
americanbankingnews.com logoMitek Systems, Inc. (MITK) Given "Buy" Rating at Benchmark Co.
www.americanbankingnews.com - March 21 at 12:04 PM
finance.yahoo.com logoMitek to Enable B2B Mobile Deposits on Ariba® Network
finance.yahoo.com - March 20 at 10:15 AM

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Mitek Systems (MITK) Chart for Saturday, May, 27, 2017

This page was last updated on 5/27/2017 by MarketBeat.com Staff