NASDAQ:MITK Mitek Systems - MITK Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Mitek Systems, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $8.82 -0.14 (-1.56%) (As of 03/20/2023 12:00 AM ET) Add Compare Share Share Today's Range$8.73▼$9.0150-Day Range$8.76▼$10.8252-Week Range$8.32▼$15.31Volume359,979 shsAverage Volume240,443 shsMarket Capitalization$394.08 millionP/E Ratio63.00Dividend YieldN/APrice Target$18.75 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Mitek Systems MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside112.6% Upside$18.75 Price TargetShort InterestBearish6.05% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details 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 starsComputer And Technology Sector389th out of 604 stocksComputer Peripheral Equipment, Not Elsewhere Classified Industry8th out of 12 stocks 3.5 Analyst's Opinion Consensus RatingMitek Systems has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $18.75, Mitek Systems has a forecasted upside of 112.6% from its current price of $8.82.Amount of Analyst CoverageMitek Systems has received no research coverage in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted6.05% of the float of Mitek Systems has been sold short.Short Interest Ratio / Days to CoverMitek Systems has a short interest ratio ("days to cover") of 10.3, which indicates bearish sentiment.Change versus previous monthShort interest in Mitek Systems has recently decreased by 4.07%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldMitek Systems does not currently pay a dividend.Dividend GrowthMitek Systems does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MITK. Previous Next 2.9 News and Social Media Coverage News SentimentMitek Systems has a news sentiment score of 1.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.37 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 1 news article for Mitek Systems this week, compared to 1 article on an average week.Search InterestOnly 9 people have searched for MITK on MarketBeat in the last 30 days. This is a decrease of -70% compared to the previous 30 days.MarketBeat Follows4 people have added Mitek Systems to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Mitek Systems insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.40% of the stock of Mitek Systems is held by insiders.Percentage Held by Institutions69.96% of the stock of Mitek Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Mitek Systems is 63.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.87.Price to Earnings Ratio vs. SectorThe P/E ratio of Mitek Systems is 63.00, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 375.52.Price to Book Value per Share RatioMitek Systems has a P/B Ratio of 2.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Mitek Systems (NASDAQ:MITK) StockMitek 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.Read More Receive MITK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Mitek Systems and its competitors with MarketBeat's FREE daily newsletter. Email Address MITK Stock News HeadlinesFebruary 22, 2023 | finance.yahoo.comID R&D Advances Biometric Security to Address Growing Threat of Deepfake FraudFebruary 2, 2023 | finance.yahoo.comID R&D Awarded Patent for Continuous Biometric Authentication in Chatbots and Virtual AssistantsMarch 21, 2023 | Weiss Ratings (Ad)Urgent WarningThis 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 …January 30, 2023 | marketwatch.comMitek Systems Names Scott Carter Executive Chairman >MITKJanuary 30, 2023 | finance.yahoo.comMitek Adds Industry Veteran as Executive Chairperson to Capitalize on Growth Opportunities in Identity VerificationJanuary 18, 2023 | thestreet.comMitek Systems Stock Falls On Unusually High Volume (MITK)January 15, 2023 | seekingalpha.comMitek Systems: Undervalued Growth For Next 5 YearsJanuary 13, 2023 | seekingalpha.comMitek Systems: Identity Verification At Cheap ValuationMarch 21, 2023 | Weiss Ratings (Ad)Urgent WarningThis 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 …December 30, 2022 | finance.yahoo.comIs It Worth Investing in Mitek Systems (MITK) Based on Wall Street's Bullish Views?December 14, 2022 | finance.yahoo.comIs Mitek Systems (MITK) a Buy as Wall Street Analysts Look Optimistic?December 13, 2022 | finance.yahoo.comWith 58% ownership of the shares, Mitek Systems, Inc. (NASDAQ:MITK) is heavily dominated by institutional ownersDecember 9, 2022 | finance.yahoo.comMitek Systems (MITK) Gains As Market Dips: What You Should KnowDecember 3, 2022 | finance.yahoo.comMitek Systems (MITK) Dips More Than Broader Markets: What You Should KnowNovember 30, 2022 | finance.yahoo.comBears are Losing Control Over Mitek Systems (MITK), Here's Why It's a 'Buy' NowNovember 27, 2022 | finance.yahoo.comMitek Systems, Inc. (NASDAQ:MITK) On An Uptrend: Could Fundamentals Be Driving The Stock?November 17, 2022 | finance.yahoo.com10 Best Stocks Under $20November 15, 2022 | finance.yahoo.comWhy Earnings Season Could Be Great for Mitek Systems (MITK)November 12, 2022 | seekingalpha.comMITK Mitek Systems, Inc.October 31, 2022 | finance.yahoo.comWill Mitek Systems (MITK) Beat Estimates Again in Its Next Earnings Report?October 24, 2022 | finance.yahoo.comAccess Digital Accounts Faster and More Securely Using Voice and Face TogetherSeptember 8, 2022 | finance.yahoo.comMitek to Present at H.C. Wainwright’s 24th Annual Global Investment Conference on September 13, 2022August 29, 2022 | msn.comMisunderstood Mitek Purchase Makes Stock A BargainAugust 17, 2022 | finance.yahoo.comMitek Announces Receipt of Notice from NasdaqAugust 3, 2022 | seekingalpha.comMitek's Great Quarter Renders Softened Guidance Last Quarter MootJuly 31, 2022 | finance.yahoo.comSlowing Rates Of Return At Mitek Systems (NASDAQ:MITK) Leave Little Room For ExcitementJuly 29, 2022 | seekingalpha.comMitek Systems stock hits near 3-month high on strong Q3 resultsSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive MITK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Mitek Systems and its competitors with MarketBeat's FREE daily newsletter. Email Address MITK Company Calendar Last Earnings11/04/2021Today3/20/2023Next Earnings (Estimated)3/23/2023Fiscal Year End9/30/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Computer peripheral equipment, not elsewhere classified Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:MITK CUSIPN/A CIK807863 Webwww.miteksystems.com Phone(619) 269-6800Fax619-269-6801Employees435Year FoundedN/APrice 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 RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.14 Trailing P/E Ratio63.00 Forward P/E Ratio12.60 P/E GrowthN/ANet Income$7.98 million Net Margins4.59% Pretax Margin4.93% Return on Equity17.00% Return on Assets7.99% Debt Debt-to-Equity Ratio0.71 Current Ratio2.56 Quick Ratio2.56 Sales & Book Value Annual Sales$119.80 million Price / Sales3.29 Cash Flow$0.89 per share Price / Cash Flow9.88 Book Value$4.38 per share Price / Book2.01Miscellaneous Outstanding Shares44,680,000Free Float43,161,000Market Cap$394.08 million OptionableOptionable Beta0.79 Key ExecutivesScipio Maximus CarnecchiaChief Executive Officer & DirectorFuad AhmadChief Financial & Accounting OfficerStephen J. RitterChief Technology OfficerMichael E. DiamondSenior Vice President & General Manager-PaymentsChristopher BriggsHead-Product DevelopmentKey CompetitorsImmersionNASDAQ:IMMRIdentivNASDAQ:INVERADCOMNASDAQ:RDCMStratasysNASDAQ:SSYSMicroVisionNASDAQ:MVISView All CompetitorsInsiders & InstitutionsVoya Investment Management LLCSold 5,143 shares on 2/28/2023Ownership: 0.085%Kovack Advisors Inc.Bought 7,400 shares on 2/22/2023Ownership: 0.083%Alliancebernstein L.P.Bought 2,600 shares on 2/16/2023Ownership: 0.080%State of WyomingSold 7,514 shares on 2/16/2023Ownership: 0.025%Point72 Middle East FZEBought 4,117 shares on 2/16/2023Ownership: 0.009%View All Insider TransactionsView All Institutional Transactions 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? ETFs with the largest weight of Mitek Systems (NASDAQ:MITK) stock in their portfolio include Inspire Fidelis Multi Factor ETF (FDLS), Invesco Nasdaq Future Gen 200 ETF (QQQS), SPDR S&P Software & Services ETF (XSW), iShares Virtual Work and Life Multisector ETF (IWFH) and Global X FinTech ETF (FINX). 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 Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.