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NASDAQ:MITK

Mitek Systems - MITK Stock Forecast, Price & News

$10.32
-0.35 (-3.28%)
(As of 02/6/2023 02:03 PM ET)
Add
Compare
Today's Range
$10.31
$10.66
50-Day Range
$9.49
$10.90
52-Week Range
$8.32
$16.35
Volume
48,004 shs
Average Volume
232,454 shs
Market Capitalization
$461.10 million
P/E Ratio
73.71
Dividend Yield
N/A
Price Target
$18.75

Mitek Systems MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
81.5% Upside
$18.75 Price Target
Short Interest
Bearish
6.52% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.31mentions of Mitek Systems in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$549,803 Sold Last Quarter
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.

2.22 out of 5 stars

Computer And Technology Sector

227th out of 611 stocks

Computer Peripheral Equipment, Not Elsewhere Classified Industry

6th 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

"TAKE THAT, CHINA!" USA Gains in EV Battery Arms Race
Did you know each electric car battery requires 220 pounds of graphite – more than lithium, copper, or aluminum? China enjoyed a "near monopoly" in this vital ingredient... until the U.S. made a blockbuster announcement. Now one little-known company is set to play a crucial role in the booming $7 trillion EV revolution.
Mitek Systems: Undervalued Growth For Next 5 Years
Mitek Systems: Identity Verification At Cheap Valuation
"TAKE THAT, CHINA!" USA Gains in EV Battery Arms Race
Did you know each electric car battery requires 220 pounds of graphite – more than lithium, copper, or aluminum? China enjoyed a "near monopoly" in this vital ingredient... until the U.S. made a blockbuster announcement. Now one little-known company is set to play a crucial role in the booming $7 trillion EV revolution.
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
2/06/2023
Next Earnings (Estimated)
2/09/2023
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
+81.7%
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
$0.88 per share
Book Value
$4.38 per share

Miscellaneous

Free Float
42,267,000
Market Cap
$461.10 million
Optionable
Optionable
Beta
0.78

Key Executives

  • Scipio Maximus CarnecchiaScipio Maximus Carnecchia
    Chief Executive Officer & Director
  • Frank Teruel
    Chief Financial Officer & Senior Vice President
  • 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 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 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 brokerages have issued 12-month price targets for Mitek Systems' shares. Their MITK share price forecasts range from $13.00 to $28.00. On average, they anticipate the company's share price to reach $18.75 in the next twelve months. This suggests a possible upside of 75.7% 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 at the start of the year. Since then, MITK stock has increased by 10.1% and is now trading at $10.67.
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, February 9th 2023.
View our MITK earnings forecast
.

How were Mitek Systems' earnings last quarter?

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

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 a number of retail and institutional investors. Top institutional shareholders include Cannell & Co. (0.91%), Sargent Investment Group LLC (0.77%), Bank of Montreal Can (0.67%), Knights of Columbus Asset Advisors LLC (0.31%), Allspring Global Investments Holdings LLC (0.19%) and Merit Financial Group LLC (0.12%). 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 $10.67.

How much money does Mitek Systems make?

Mitek Systems (NASDAQ:MITK) has a market capitalization of $476.74 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 2/6/2023 by MarketBeat.com Staff