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S&P 500   3,951.57
DOW   32,244.58
QQQ   305.97
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BREAKING: Tiny biotech successfully treats blindness (Ad)
First Republic Bank Hits New Low, Dimon Pushes for More Cash
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BREAKING: Tiny biotech successfully treats blindness (Ad)
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This Trade Strategy Outpaces Almost Anything (Ad)pixel
Which Gold Stocks Can Help You Hedge Bank Exposure?
General Mills Retreats To Buy Zone Ahead Of Earnings 
S&P 500   3,951.57
DOW   32,244.58
QQQ   305.97
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BREAKING: Tiny biotech successfully treats blindness (Ad)
First Republic Bank Hits New Low, Dimon Pushes for More Cash
Mullen Automotive: Investment? No. Compelling Speculation, Yes 
BREAKING: Tiny biotech successfully treats blindness (Ad)
GBTC: The One Place to Buy Bitcoin for 58 Cents on the Dollar
Risk-Free Money Market vs. Bank Dividend Stock, Which is Better?
This Trade Strategy Outpaces Almost Anything (Ad)pixel
Which Gold Stocks Can Help You Hedge Bank Exposure?
General Mills Retreats To Buy Zone Ahead Of Earnings 
NASDAQ:MITK

Mitek Systems - MITK Stock Forecast, Price & News

$8.82
-0.14 (-1.56%)
(As of 03/20/2023 12:00 AM ET)
Add
Compare
Today's Range
$8.73
$9.01
50-Day Range
$8.76
$10.82
52-Week Range
$8.32
$15.31
Volume
359,979 shs
Average Volume
240,443 shs
Market Capitalization
$394.08 million
P/E Ratio
63.00
Dividend Yield
N/A
Price Target
$18.75

Mitek Systems MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
112.6% Upside
$18.75 Price Target
Short Interest
Bearish
6.05% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.06 out of 5 stars

Computer And Technology Sector

389th out of 604 stocks

Computer Peripheral Equipment, Not Elsewhere Classified Industry

8th out of 12 stocks


MITK stock logo

About Mitek Systems (NASDAQ:MITK) Stock

Mitek Systems, Inc. engages in the innovation of mobile capture and digital identity verification solutions. Its products include Mobile Deposit, Mobile Verify, Mobile Fill, Mobile Docs, A2iA CheckReader, A2iA XE, A2iA DocumentReader, A2iA TextReader, and ICAR ID_CLOUD. The company was founded in 1986 and is headquartered in San Diego, CA.

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MITK Stock News Headlines

Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
Mitek Systems: Undervalued Growth For Next 5 Years
Mitek Systems: Identity Verification At Cheap Valuation
Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
10 Best Stocks Under $20
MITK Mitek Systems, Inc.
Mitek Announces Receipt of Notice from Nasdaq
See More Headlines
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MITK Company Calendar

Last Earnings
11/04/2021
Today
3/20/2023
Next Earnings (Estimated)
3/23/2023
Fiscal Year End
9/30/2023

Industry, Sector and Symbol

Industry
Computer peripheral equipment, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:MITK
Employees
435
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$18.75
High Stock Price Forecast
$28.00
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
+112.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$7.98 million
Pretax Margin
4.93%

Debt

Sales & Book Value

Annual Sales
$119.80 million
Cash Flow
$0.89 per share
Book Value
$4.38 per share

Miscellaneous

Free Float
43,161,000
Market Cap
$394.08 million
Optionable
Optionable
Beta
0.79

Key Executives

  • Scipio Maximus CarnecchiaScipio Maximus Carnecchia
    Chief Executive Officer & Director
  • Fuad Ahmad
    Chief Financial & Accounting Officer
  • Stephen J. RitterStephen J. Ritter
    Chief Technology Officer
  • Michael E. DiamondMichael E. Diamond
    Senior Vice President & General Manager-Payments
  • Christopher Briggs
    Head-Product Development













MITK Stock - Frequently Asked Questions

Should I buy or sell Mitek Systems stock right now?

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.

What is Mitek Systems' stock price forecast for 2023?

3 analysts have issued 12-month price objectives for Mitek Systems' shares. Their MITK share price forecasts range from $13.00 to $28.00. On average, they expect the company's share price to reach $18.75 in the next twelve months. This suggests a possible upside of 112.6% from the stock's current price.
View analysts price targets for MITK
or view top-rated stocks among Wall Street analysts.

How have MITK shares performed in 2023?

Mitek Systems' stock was trading at $9.69 on January 1st, 2023. Since then, MITK shares have decreased by 9.0% and is now trading at $8.82.
View the best growth stocks for 2023 here
.

When is Mitek Systems' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 23rd 2023.
View our MITK earnings forecast
.

How were Mitek Systems' earnings last quarter?

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

What ETFs hold Mitek Systems' stock?
What is Max Carnecchia's approval rating as Mitek Systems' CEO?

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.

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

What is Mitek Systems' stock symbol?

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

Who are Mitek Systems' major shareholders?

Mitek Systems' stock is owned by many different institutional and retail investors. Top institutional shareholders include Blue Grotto Capital LLC (9.12%), Legal & General Group Plc (6.16%), Dimensional Fund Advisors LP (1.87%), Geode Capital Management LLC (1.82%), B. Riley Asset Management LLC (0.94%) and B. Riley Asset Management LLC (0.94%). 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
.

How do I buy shares of Mitek Systems?

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.

What is Mitek Systems' stock price today?

One share of MITK stock can currently be purchased for approximately $8.82.

How much money does Mitek Systems make?

Mitek Systems (NASDAQ:MITK) has a market capitalization of $394.08 million and generates $119.80 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.

How many employees does Mitek Systems have?

The company employs 435 workers across the globe.

How can I contact Mitek Systems?

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.

This page (NASDAQ:MITK) was last updated on 3/21/2023 by MarketBeat.com Staff