Mitek 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: Mobile Application Software
- Sub-Industry: N/A
- Symbol: NASDAQ:MITK
- CUSIP: N/A
- Web: www.miteksystems.com
Capitalization:- Market Cap: $350.42 million
- Outstanding Shares: 33,373,000
Average Prices:- 50 Day Moving Avg: $8.88
- 200 Day Moving Avg: $7.44
- 52 Week Range: $5.26 - $10.62
P/E:- Trailing P/E Ratio: 146.38
- Foreward P/E Ratio: 50.50
- P/E Growth: 1.78
Sales & Book Value:- Annual Revenue: $39.46 million
- Price / Sales: 8.54
- Book Value: $1.28 per share
- Price / Book: 7.89
Profitability:- EBIDTA: $5.59 million
- Net Margins: 5.85%
- Return on Equity: 11.64%
- Return on Assets: 9.61%
Debt:- Current Ratio: 5.14%
- Quick Ratio: 5.14%
Misc:- Average Volume: 483,138 shs.
- Beta: 0.66
- Short Ratio: 5.29
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) announced its quarterly earnings results on Friday, April, 28th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.02. The business earned $11.40 million during the quarter, compared to analysts' expectations of $10.33 million. Mitek Systems had a return on equity of 11.64% and a net margin of 5.85%. The business'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 earnings per share. 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 objectives for Mitek Systems' shares. Their forecasts range from $8.00 to $12.00. On average, they expect Mitek Systems' share price to reach $10.25 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. " (7/14/2017)
- 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?
Some companies that are related to Mitek Systems include Photronics (PLAB), Nanometrics Incorporated (NANO), Axcelis Technologies (ACLS), Nova Measuring Instruments (NVMI), LivePerson (LPSN), CalAmp Corp. (CAMP), QUANTENNA COMMS (QTNA), Perficient (PRFT), Materialise NV (MTLS), FARO Technologies (FARO), Unisys Corporation (UIS), Apptio (APTI), Everbridge (EVBG), Carbonite (CARB), Mistras Group (MG), PDF Solutions (PDFS), Workiva (WK) and Boingo Wireless (WIFI).
Who are Mitek Systems' key executives?
Mitek Systems' management team includes the folowing people:
- James B. DeBello, Chairman of the Board, President, Chief Executive Officer
- Jeffrey C. Davison, Chief Financial Officer
- Stephen Ritter, Chief Technology Officer
- Kalle Marsal, Chief Marketing Officer
- Jason L. Gray, General Counsel and Administrative Officer
- Michael E. Diamond, Chief Revenue Officer
- Bruce Edward Hansen, Lead Independent Director
- Kenneth D. Denman, Director
- William K. Aulet, Independent Director
- Vinton P. Cunningham, Independent Director
Who owns Mitek Systems stock?
Mitek Systems' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Thomson Horstmann & Bryant Inc. (1.95%), Skylands Capital LLC (0.55%), Prescott Group Capital Management L.L.C. (0.32%), Prospera Financial Services Inc (0.19%), Eqis Capital Management Inc. (0.10%) and Bank of Montreal Can (0.08%). 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 Skylands Capital LLC and Prospera Financial Services Inc. 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 purchased by a variety of institutional investors in the last quarter, including Prescott Group Capital Management L.L.C., Thomson Horstmann & Bryant Inc. and Eqis Capital Management Inc.. 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.
What is Mitek Systems' stock price today?
One share of Mitek Systems stock can currently be purchased for approximately $10.10.
MarketBeat Community Rating for Mitek Systems (NASDAQ MITK)MarketBeat's community ratings are surveys of what our community members think about Mitek Systems and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Earnings History for Mitek Systems (NASDAQ:MITK)Earnings History by Quarter for Mitek Systems (NASDAQ MITK)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 4/28/2017 | Q2 2017 | $0.02 | $0.04 | $10.33 million | $11.40 million | View | N/A |  |
| 2/2/2017 | Q117 | $0.03 | $0.03 | $8.74 million | $9.30 million | View | Listen | |
| 11/3/2016 | Q416 | $0.06 | $0.07 | $9.60 million | $9.67 million | View | N/A | |
| 7/28/2016 | Q316 | $0.04 | $0.07 | $8.31 million | $9.10 million | View | Listen | |
| 4/28/2016 | Q216 | $0.04 | $0.07 | $7.38 million | $8.52 million | View | Listen | |
| 1/28/2016 | Q116 | $0.02 | $0.04 | $6.45 million | $7.40 million | View | Listen | |
| 11/5/2015 | Q415 | $0.03 | $0.09 | $6.59 million | $7.90 million | View | N/A | |
| 7/23/2015 | Q315 | $0.04 | $0.07 | $5.83 million | $6.40 million | View | Listen | |
| 4/30/2015 | Q215 | $0.03 | $0.05 | $5.40 million | $5.70 million | View | N/A | |
| 1/29/2015 | Q115 | ($0.05) | $0.02 | $5.26 million | $5.39 million | View | N/A | |
| 11/6/2014 | Q414 | ($0.06) | $0.04 | $5.00 million | $5.50 million | View | N/A | |
| 5/1/2014 | Q214 | ($0.07) | ($0.07) | $4.37 million | $4.50 million | View | N/A | |
| 2/6/2014 | Q114 | ($0.08) | ($0.02) | $4.09 million | $4.50 million | View | N/A | |
| 11/7/2013 | Q413 | ($0.08) | ($0.02) | $3.38 million | $4.38 million | View | N/A | |
| 7/25/2013 | Q3 2013 | ($0.07) | ($0.05) | $3.10 million | $3.88 million | View | N/A | |
| 5/7/2013 | Q2 2013 | ($0.04) | ($0.06) | $2.37 million | $3.20 million | View | N/A | |
| 1/31/2013 | Q1 2013 | ($0.05) | ($0.03) | $2.19 million | $3.30 million | View | N/A | |
| 11/7/2012 | Q412 | ($0.04) | ($0.09) | $3.42 million | $1.20 million | View | N/A | |
| 7/24/2012 | | ($0.03) | ($0.05) | | | View | N/A | |
| 5/2/2012 | | $0.02 | ($0.09) | | | View | N/A | |
| 2/7/2012 | | | $0.02 | | | View | N/A | |
| 11/14/2011 | | $0.01 | ($0.01) | | | View | N/A | |
| 8/8/2011 | | ($0.06) | $0.01 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Mitek Systems (NASDAQ:MITK)| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 1 | $0.04 | $0.04 | $0.04 |
| Q2 2017 | 1 | $0.06 | $0.06 | $0.06 |
| Q3 2017 | 1 | $0.06 | $0.06 | $0.06 |
(Data provided by Zacks Investment Research)
Dividend History for Mitek Systems (NASDAQ:MITK)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Mitek Systems (NASDAQ:MITK)Insider Ownership Percentage: 8.52%
Institutional Ownership Percentage: 39.13%
Insider Trades by Quarter for Mitek Systems (NASDAQ:MITK)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 7/3/2017 | Russell C Clark | CFO | Sell | 39,400 | $8.25 | $325,050.00 | |
| 5/2/2017 | Clark Sarah | Insider | Sell | 2,680 | $8.55 | $22,914.00 | |
| 4/27/2017 | Jason Gray | Insider | Sell | 7,789 | $8.20 | $63,869.80 | |
| 3/15/2017 | Vinton Paul Cunningham | Director | Sell | 30,000 | $5.87 | $176,100.00 | |
| 11/17/2016 | James B Debello | CEO | Sell | 22,769 | $5.41 | $123,180.29 | |
| 11/17/2016 | Russell C Clark | Insider | Sell | 15,349 | $5.41 | $83,038.09 | |
| 5/2/2016 | James B Debello | CEO | Sell | 59,091 | $8.11 | $479,228.01 | |
| 5/2/2016 | Michael E Diamond | Insider | Sell | 170,007 | $8.06 | $1,370,256.42 | |
| 5/2/2016 | Russell C Clark | CFO | Sell | 109,568 | $8.03 | $879,831.04 | |
| 2/18/2016 | John M. Thornton | Director | Sell | 243,663 | $5.09 | $1,240,244.67 | |
| 12/9/2015 | John M Thornton | Director | Sell | 30,100 | $5.00 | $150,500.00 | |
| 12/4/2015 | John M Thornton | Director | Sell | 142,037 | $5.13 | $728,649.81 | |
| 12/2/2015 | John M Thornton | Director | Sell | 142,600 | $5.15 | $734,390.00 | |
| 12/1/2015 | John M Thornton | Director | Sell | 726,900 | $5.16 | $3,750,804.00 | |
| 11/30/2015 | John M Thornton | Director | Sell | 381,000 | $5.25 | $2,000,250.00 | |
| 11/25/2015 | John M Thornton | Director | Sell | 182,400 | $5.00 | $912,000.00 | |
| 11/24/2015 | John M Thornton | Director | Sell | 390,600 | $5.00 | $1,953,000.00 | |
| 11/17/2015 | Russell C. Clark | CFO | Sell | 481 | $4.35 | $2,092.35 | |
| 11/9/2015 | James B Debello | CEO | Sell | 9,050 | $3.87 | $35,023.50 | |
| 11/9/2015 | John M Thornton | Director | Sell | 194,845 | $4.00 | $779,380.00 | |
| 11/9/2015 | Michael E Diamond | CRO | Sell | 4,466 | $3.87 | $17,283.42 | |
| 11/9/2015 | Russell C Clark | CFO | Sell | 3,180 | $3.87 | $12,306.60 | |
| 11/6/2015 | John M Thornton | Director | Sell | 179,354 | $4.00 | $717,416.00 | |
| 7/24/2015 | James B Debello | CEO | Sell | 75,490 | $4.13 | $311,773.70 | |
| 7/24/2015 | John M Thornton | Director | Sell | 89,815 | $4.11 | $369,139.65 | |
| 7/22/2015 | James B Debello | CEO | Sell | 39,569 | $4.00 | $158,276.00 | |
| 7/22/2015 | John M Thornton | Director | Sell | 45,818 | $4.00 | $183,272.00 | |
| 6/29/2015 | James B Debello | CEO | Sell | 9,506 | $4.00 | $38,024.00 | |
| 6/29/2015 | John M Thornton | Director | Sell | 17,029 | $4.00 | $68,116.00 | |
| 6/23/2015 | James B Debello | CEO | Sell | 63,285 | $4.00 | $253,140.00 | |
| 6/23/2015 | John M Thornton | Director | Sell | 73,071 | $4.00 | $292,284.00 | |
| 6/10/2015 | James B Debello | CEO | Sell | 13,812 | $4.00 | $55,248.00 | |
| 6/10/2015 | John M Thornton | Director | Sell | 19,422 | $4.00 | $77,688.00 | |
| 2/23/2015 | James B Debello | CEO | Sell | 3,751 | $3.35 | $12,565.85 | |
| 2/23/2015 | Russell C Clark | CFO | Sell | 1,879 | $3.35 | $6,294.65 | |
| 7/31/2014 | Michael E Diamond | CRO | Sell | 2,488 | $3.15 | $7,837.20 | |
| 7/31/2014 | Michael S Strange | CTO | Sell | 2,459 | $3.15 | $7,745.85 | |
| 7/31/2014 | Scott R Carter | CMO | Sell | 4,123 | $3.15 | $12,987.45 | |
| 3/7/2014 | Vinton Paul Cunningham | Director | Sell | 14,000 | $5.02 | $70,280.00 | |
| 2/27/2014 | Gerald Farmer | Director | Sell | 15,000 | $5.12 | $76,800.00 | |
| 2/27/2014 | Russell Clark | CFO | Sell | 5,478 | $5.05 | $27,663.90 | |
| 12/11/2013 | James Debello | CEO | Sell | 288,704 | $6.24 | $1,801,512.96 | |
| 2/15/2013 | James B Debello | CEO | Sell | 138,187 | $5.00 | $690,935.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Mitek Systems (NASDAQ:MITK)
Latest Headlines for Mitek Systems (NASDAQ:MITK)
| Source: |
|
| Date | Headline |
|---|
 | Mitek appoints SaaS industry veteran René Hendrikse as VP and Managing Director for EMEA to accelerate growth in Europe
finance.yahoo.com - July 25 at 5:10 AM |
 | Mitek Systems, Inc. (MITK) PT Raised to $12.00
www.americanbankingnews.com - July 24 at 10:43 AM |
| Mitek Systems, Inc. (NASDAQ:MITK) PT Set at $11.00 by Roth Capital
www.americanbankingnews.com - July 23 at 4:20 PM |
| Zacks: Brokerages Anticipate Mitek Systems, Inc. (NASDAQ:MITK) Will Post Quarterly Sales of $11.37 Million
www.americanbankingnews.com - July 23 at 10:05 AM |
 | MoneYou, ABN AMRO’s Digital Banking Subsidiary, Integrates Mitek’s Identity Solutions for Real-Time, Compliant, Digital Onboarding
globenewswire.com - July 20 at 1:10 AM |
| Head-To-Head Analysis: Cheetah Mobile (CMCM) vs. Mitek Systems (MITK)
www.americanbankingnews.com - July 18 at 2:45 PM |
| Mitek Systems, Inc. (MITK) Upgraded to "Strong-Buy" at Zacks Investment Research
www.americanbankingnews.com - July 15 at 12:56 AM |
| Mitek to Report Third Quarter Fiscal 2017 Financial Results on July 27, 2017
finance.yahoo.com - July 14 at 6:31 AM |
| Mitek Releases Cutting Edge Mobile Docs™ For Faster and Easier High-Res Digital Document Submission
finance.yahoo.com - July 12 at 3:34 AM |
| Mitek Systems (MITK) Looks Good: Stock Adds 10.5% in Session
finance.yahoo.com - July 12 at 3:34 AM |
| Mitek Systems (NASDAQ:MITK) versus GrubHub (GRUB) Financial Contrast
www.americanbankingnews.com - July 11 at 2:10 PM |
| ETFs with exposure to Mitek Systems, Inc. : July 10, 2017
finance.yahoo.com - July 11 at 1:48 AM |
| Mitek Systems, Inc. (NASDAQ:MITK) Given Average Rating of "Buy" by Analysts
www.americanbankingnews.com - July 10 at 3:08 PM |
| Head-To-Head Review: Mitek Systems (NASDAQ:MITK) & SITO Mobile (SITO)
www.americanbankingnews.com - July 10 at 7:47 AM |
| Mitek Systems, Inc. (NASDAQ:MITK) CFO Sells $325,050.00 in Stock
www.americanbankingnews.com - July 6 at 7:41 PM |
| Zacks: Brokerages Expect Mitek Systems, Inc. (MITK) Will Announce Quarterly Sales of $11.37 Million
www.americanbankingnews.com - June 29 at 12:04 PM |
| ETFs with exposure to Mitek Systems, Inc. : June 27, 2017
finance.yahoo.com - June 27 at 6:41 PM |
| Mitek Systems, Inc. (MITK) Expected to Post Earnings of $0.04 Per Share
www.americanbankingnews.com - June 27 at 7:22 AM |
| Mitek Systems, Inc. :MITK-US: Earnings Analysis: Q2, 2017 By the Numbers : June 26, 2017
finance.yahoo.com - June 27 at 5:16 AM |
| Typical UK bank will waste £10m annually on inefficient KYC checks as AMLD4 regulation comes into force
finance.yahoo.com - June 26 at 9:08 AM |
| Mitek Systems, Inc. (MITK) Downgraded to Sell at Zacks Investment Research
www.americanbankingnews.com - June 24 at 7:10 AM |
 | Jim Cramer Weighs In On Tallgrass Energy Partners, Royal Dutch Shell, Mitek Systems And Alibaba - Benzinga
www.benzinga.com - June 23 at 8:01 AM |
| Mitek Names SaaS Veteran Jeff Davison as Chief Financial Officer
finance.yahoo.com - June 21 at 7:42 PM |
| Zacks Investment Research Upgrades Mitek Systems, Inc. (MITK) to "Hold"
www.americanbankingnews.com - June 18 at 12:52 AM |
| Reviewing GrubHub (GRUB) & Mitek Systems (MITK)
www.americanbankingnews.com - June 16 at 8:24 AM |
| Mitek’s Mobile Verify® Helps Consumer Finance Organization Approve More Than 1,000 Additional Applicants Daily
finance.yahoo.com - June 16 at 7:46 AM |
| Mitek Systems, Inc. (MITK) Given Average Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - June 13 at 12:50 PM |
| Mitek Systems, Inc. (MITK) Given a $10.00 Price Target at Roth Capital
www.americanbankingnews.com - June 11 at 10:52 PM |
| Mitek to Present at 37th Annual William Blair Growth Stock Conference on June 13, 2017
finance.yahoo.com - June 7 at 6:12 PM |
| Mitek Awarded 30th Patent For Mobile Capture Innovation
finance.yahoo.com - June 6 at 9:27 AM |
| Mitek Systems, Inc. (MITK) Short Interest Update
www.americanbankingnews.com - June 4 at 9:46 AM |
| Mitek Systems, Inc. (MITK) Upgraded to Hold by ValuEngine
www.americanbankingnews.com - June 3 at 3:50 PM |
| $11.37 Million in Sales Expected for Mitek Systems, Inc. (MITK) This Quarter
www.americanbankingnews.com - June 3 at 10:32 AM |
| Mitek Announces Newest Release of its Patented Mobile Deposit® Solution
finance.yahoo.com - June 1 at 9:26 AM |
 | Is The Empire About To Strike Back At Mitek Systems? - Seeking Alpha
seekingalpha.com - May 27 at 12:27 AM |
| Mitek ID Solutions Selected by Leading Digital Lender
finance.yahoo.com - May 24 at 10:43 AM |
| Mitek Joins Airbnb, Lyft, Payfone and One World on Panel at K(NO)W Identity Conference
finance.yahoo.com - May 16 at 10:31 AM |
| Mitek to Present at Needham Emerging Technology Conference on May 16
finance.yahoo.com - May 9 at 6:14 PM |
| Mitek’s CMO to Showcase Benefits of Mobile Identity Verification at Digital Travel Summit
finance.yahoo.com - May 9 at 11:48 AM |
| Zacks: Brokerages Anticipate Mitek Systems, Inc. (MITK) to Announce $0.04 EPS
www.americanbankingnews.com - May 8 at 12:02 PM |
| Mitek Systems, Inc. (MITK)
finance.yahoo.com - May 6 at 9:00 AM |
| Mitek Systems, Inc. (MITK) Insider Clark Sarah Sells 2,680 Shares
www.americanbankingnews.com - May 6 at 12:58 AM |
| Clark Sarah Sells 2,680 Shares of Mitek Systems, Inc. (MITK) Stock
www.americanbankingnews.com - May 4 at 10:42 PM |
| Mitek Systems, Inc. (MITK) Upgraded to "B" by TheStreet
www.americanbankingnews.com - May 3 at 4:48 PM |
| Mitek’s Cloud ID Solution to be Used by Leading Canadian Financial Services Company
finance.yahoo.com - May 3 at 8:19 AM |
| Mitek Systems, Inc. (MITK) Insider Sells $63,869.80 in Stock
www.americanbankingnews.com - May 1 at 10:20 PM |
| Mitek Systems' (MITK) CEO James DeBello on Q2 2017 Results ... - Seeking Alpha
seekingalpha.com - April 29 at 8:34 AM |
| Mitek Systems (MITK) Earning Very Favorable News Coverage, Study Finds
www.americanbankingnews.com - April 29 at 8:11 AM |
| Mitek Systems, Inc. (MITK) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS
www.americanbankingnews.com - April 29 at 1:15 AM |
| Edited Transcript of MITK earnings conference call or presentation 27-Apr-17 8:30pm GMT
finance.yahoo.com - April 28 at 9:16 AM |
Mitek Systems (MITK) Chart for Tuesday, July, 25, 2017
