NASDAQ:MITK - Mitek Systems Stock Price, News, & Analysis

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$8.65 +0.10 (+1.17 %)
(As of 08/17/2018 04:00 PM ET)
Previous Close$8.65
Today's Range$8.50 - $8.75
52-Week Range$7.00 - $10.55
Volume192,460 shs
Average Volume281,407 shs
Market Capitalization$328.83 million
P/E Ratio41.19
Dividend YieldN/A
Beta0.36
Mitek Systems logoMitek Systems, Inc. develops, markets, and sells mobile image capture and identity verification software solutions for enterprise customers worldwide. The company's solutions are embedded in native mobile apps and mobile optimized Websites to enhance mobile user experiences and transactions. It offers Mobile Deposit that allows individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; Mobile Verify, an identity verification solution that can be integrated into mobile apps, mobile Websites, and desktop applications; Mobile Fill to pre-fill forms with personal data by simply snapping a picture of the consumer's driver license, credit card, or other document; Mobile Docs, a mobile document scanning solution; and MiSnap Multi-Check Capture, a software development kit that banks embed in their business banking app that facilitates capture of various checks in one deposit session. The company markets and sells its solutions primarily to banks, credit unions, lenders, payments processers, card issuers, insurers, etc. through direct sales teams and channel partners. Mitek Systems, Inc. was founded in 1983 and is headquartered in San Diego, California.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Computer peripheral equipment, not elsewhere classified
Sub-IndustryN/A
SectorComputer and Technology
SymbolNASDAQ:MITK
CUSIPN/A
Phone619-269-6800

Debt

Debt-to-Equity RatioN/A
Current Ratio1.79
Quick Ratio1.79

Price-To-Earnings

Trailing P/E Ratio41.19
Forward P/E Ratio288.33
P/E Growth19.33

Sales & Book Value

Annual Sales$45.39 million
Price / Sales7.20
Cash Flow$0.2931 per share
Price / Cash29.51
Book Value$1.83 per share
Price / Book4.73

Profitability

EPS (Most Recent Fiscal Year)$0.21
Net Income$14.09 million
Net Margins5.75%
Return on Equity4.74%
Return on Assets3.80%

Miscellaneous

Employees141
Outstanding Shares37,800,000
Market Cap$328.83 million

Mitek Systems (NASDAQ:MITK) Frequently Asked Questions

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 quarterly earnings data on Thursday, July, 26th. The software maker reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.03. The software maker had revenue of $16.10 million for the quarter, compared to analyst estimates of $15.33 million. Mitek Systems had a net margin of 5.75% and a return on equity of 4.74%. The company's revenue for the quarter was up 36.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.08 earnings per share. View Mitek Systems' Earnings History.

When is Mitek Systems' next earnings date?

Mitek Systems is scheduled to release their next quarterly earnings announcement on Tuesday, November, 6th 2018. View Earnings Estimates for Mitek Systems.

What price target have analysts set for MITK?

1 brokerages have issued 1 year target prices for Mitek Systems' shares. Their forecasts range from $17.50 to $17.50. On average, they anticipate Mitek Systems' share price to reach $17.50 in the next twelve months. This suggests a possible upside of 102.3% from the stock's current price. View Analyst Price Targets for Mitek Systems.

What is the consensus analysts' recommendation for Mitek Systems?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mitek Systems in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Mitek Systems.

What are Wall Street 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. " (3/29/2018)
  • 2. National Securities analysts commented, "Last week we hosted investor meetings with New Relic’s management (CFO Mark Sachleben and VP Finance Jon Parker). Overall, we come away with increased confidence in the company’s total addressable market (TAM) opportunities, its competitive positioning, and our thesis; therefore we’re raising our price target to $85 from $66. Key takeaways: (1) TAM expansion is underway with end-to-end monitoring rising in importance; (2) the competitive environment remains fragmented and largely not cloud"-focused; and (3) the drivers required for delivering on management’s $1B/FY22 revenue target are largely in place. While the shares have already moved aggressively higher this year, we see a compelling long-term path for New Relic and remain positive on the shares. Maintain Outperform." (3/9/2018)

Who are some of Mitek Systems' key competitors?

Who are Mitek Systems' key executives?

Mitek Systems' management team includes the folowing people:
  • Mr. James B. DeBello, Chairman, Pres & CEO (Age 59)
  • Mr. Jeffrey C. Davison CPA, Chief Financial Officer (Age 53)
  • Mr. Kalle Marsal, Chief Operating Officer (Age 46)
  • Mr. Stephen J. Ritter, Chief Technology Officer (Age 48)
  • Mr. Michael E. Diamond, Sr. VP & GM of Payments (Age 53)

Has Mitek Systems been receiving favorable news coverage?

News coverage about MITK stock has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Mitek Systems earned a coverage optimism score of 0.11 on Accern's scale. They also gave press coverage about the software maker an impact score of 48.94 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next few days. View Recent Headlines for Mitek Systems.

Who are Mitek Systems' major shareholders?

Mitek Systems' stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.80%), Wells Fargo & Company MN (3.88%), Unterberg Capital LLC (1.81%), Rice Hall James & Associates LLC (0.70%), Intrinsic Edge Capital Management LLC (0.50%) and Renaissance Technologies LLC (0.42%). Company insiders that own Mitek Systems stock include Bruce Edward Hansen, Clark Sarah, James B Debello, Jason Gray, Jeffrey C Davison, Karel J Marsal, Michael E Diamond, Russell C Clark, Stephen Ritter and Vinton Paul Cunningham. View Institutional Ownership Trends for Mitek Systems.

Which major investors are selling Mitek Systems stock?

MITK stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC and State Board of Administration of Florida Retirement System. Company insiders that have sold Mitek Systems company stock in the last year include Bruce Edward Hansen, Clark Sarah, James B Debello, Jason Gray, Jeffrey C Davison, Karel J Marsal, Michael E Diamond and Stephen Ritter. View Insider Buying and Selling for Mitek Systems.

Which major investors are buying Mitek Systems stock?

MITK stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Intrinsic Edge Capital Management LLC, Paradigm Capital Management Inc. NY, Gradient Investments LLC, Rice Hall James & Associates LLC, Wells Fargo & Company MN, Global X Management Co LLC and Monarch Partners Asset Management LLC. View Insider Buying and Selling for Mitek Systems.

How do I buy shares of Mitek Systems?

Shares of MITK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Mitek Systems' stock price today?

One share of MITK stock can currently be purchased for approximately $8.65.

How big of a company is Mitek Systems?

Mitek Systems has a market capitalization of $328.83 million and generates $45.39 million in revenue each year. The software maker earns $14.09 million in net income (profit) each year or $0.21 on an earnings per share basis. Mitek Systems employs 141 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 software maker can be reached via phone at 619-269-6800 or via email at [email protected]


MarketBeat Community Rating for Mitek Systems (NASDAQ MITK)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  215 (Vote Outperform)
Underperform Votes:  248 (Vote Underperform)
Total Votes:  463
MarketBeat's community ratings are surveys of what our community members think about Mitek Systems and other stocks. Vote "Outperform" if you believe MITK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MITK will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/18/2018 by MarketBeat.com Staff

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