About Mitek Systems (NASDAQ:MITK)
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: $324.1 million
- Outstanding Shares: 33,586,000
Average Prices:- 50 Day Moving Avg: $9.68
- 200 Day Moving Avg: $9.05
- 52 Week Range: $5.26 - $10.75
P/E:- Trailing P/E Ratio: 162.71
- Foreward P/E Ratio: 27.57
- P/E Growth: 1.70
Sales & Book Value:- Annual Revenue: $42.16 million
- Price / Sales: 7.69
- Book Value: $1.38 per share
- Price / Book: 6.99
Profitability:- EBITDA: $5.39 million
- Net Margins: 5.19%
- Return on Equity: 10.45%
- Return on Assets: 8.65%
Debt:- Current Ratio: 4.84%
- Quick Ratio: 4.84%
Misc:- Average Volume: 330,195 shs.
- Beta: 0.73
- Short Ratio: 2.02
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 data on Thursday, July, 27th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.02. The company had revenue of $11.80 million for the quarter, compared to analysts' expectations of $11.48 million. Mitek Systems had a return on equity of 10.45% and a net margin of 5.19%. The business's revenue was up 29.7% compared to the same quarter last year. During the same quarter in the prior 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?
5 brokerages have issued twelve-month price objectives for Mitek Systems' stock. Their forecasts range from $8.00 to $12.00. On average, they expect Mitek Systems' stock price to reach $10.60 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. " (8/3/2017)
- 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), FARO Technologies (FARO), Renren (RENN), Stoneridge (SRI), Tucows (TCX), Kimball Electronics (KE), QAD (QADB), Castlight Health, inc. (CSLT), Quantenna Comms (QTNA), Xcerra Corporation (XCRA), Limelight Networks (LLNW), Electro Scientific Industries (ESIO), Cutera (CUTR), Comtech Telecommunications Corp. (CMTL), PDF Solutions (PDFS), VASCO Data Security International (VDSI), Synchronoss Technologies (SNCR) and ZAGG (ZAGG).
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
- Kalle Marsal, Chief Operating Officer, Chief Marketing Officer
- Stephen Ritter, Chief Technology 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
- Jane J. Thompson, Director
- William K. Aulet, Independent Director
Who owns Mitek Systems stock?
Mitek Systems' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Thomson Horstmann & Bryant Inc. (1.73%), Summit X LLC (0.22%), Strs Ohio (0.13%) and Eqis Capital Management Inc. (0.07%). 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 Thomson Horstmann & Bryant Inc., Summit X LLC and Eqis Capital Management 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?
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 $9.65.
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 |
|---|
| 7/27/2017 | Q3 2017 | $0.08 | $0.10 | $11.48 million | $11.80 million | View | N/A |  |
| 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: 42.68%
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)
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Mitek Systems (MITK) Chart for Monday, October, 23, 2017
