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

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

Mitek Systems, Inc. (NASDAQ:MITK) released its earnings results on Thursday, November, 7th. The software maker reported $0.21 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.12 by $0.09. The software maker had revenue of $25.02 million for the quarter, compared to the consensus estimate of $25.02 million. Mitek Systems had a negative net margin of 0.86% and a positive return on equity of 8.91%. The company's revenue was up 18.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 EPS. View Mitek Systems' Earnings History.

Mitek Systems is scheduled to release their next quarterly earnings announcement on Tuesday, February 4th 2020. View Earnings Estimates for Mitek Systems.

Mitek Systems updated its FY 2020 After-Hours earnings guidance on Monday, November, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $$98-102 million, compared to the consensus revenue estimate of $$100.64 million.

3 Wall Street analysts have issued 1 year target prices for Mitek Systems' stock. Their forecasts range from $8.00 to $20.00. On average, they anticipate Mitek Systems' share price to reach $14.00 in the next year. This suggests a possible upside of 51.0% from the stock's current price. View Analyst Price Targets for Mitek Systems.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mitek Systems in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Mitek Systems.

News headlines about MITK stock have trended somewhat positive on Thursday, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Mitek Systems earned a media sentiment score of 1.8 on InfoTrie's scale. They also assigned media stories about the software maker a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Mitek Systems.

Mitek Systems saw a increase in short interest in December. As of December 31st, there was short interest totalling 1,030,000 shares, an increase of 10.9% from the December 15th total of 928,700 shares. Based on an average trading volume of 395,300 shares, the days-to-cover ratio is currently 2.6 days. Approximately 2.6% of the company's shares are short sold. View Mitek Systems' Current Options Chain.

Some companies that are related to Mitek Systems include Forescout Technologies (FSCT), Stratasys (SSYS), Digital China (DCHIF), Immersion (IMMR), RADCOM (RDCM), Identiv (INVE), AstroNova (ALOT), TransAct Technologies (TACT), Key Tronic (KTCC), Interlink Electronics (LINK), IGO (IGOI) and Hauppauge Digital (HAUP).

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), Canopy Growth (CGC), AT&T (T), Cisco Systems (CSCO), salesforce.com (CRM), Intel (INTC) and SunPower (spwr).

Mitek Systems' stock is owned by a number of of retail and institutional investors. Top institutional investors include Prentiss Smith & Co. Inc. (0.51%), Tocqueville Asset Management L.P. (0.24%) and Zurcher Kantonalbank Zurich Cantonalbank (0.02%). Company insiders that own Mitek Systems stock include Bruce Edward Hansen, Clark Sarah, James B Debello, James C Hale III, Jason Gray, Jeffrey C Davison, Karel J Marsal, Michael E Diamond and Stephen Ritter. View Institutional Ownership Trends for Mitek Systems.

MITK stock was sold by a variety of institutional investors in the last quarter, including Prentiss Smith & Co. Inc.. Company insiders that have sold Mitek Systems company stock in the last year include Jason Gray, Jeffrey C Davison, Michael E Diamond and Stephen Ritter. View Insider Buying and Selling for Mitek Systems.

MITK stock was purchased by a variety of institutional investors in the last quarter, including Tocqueville Asset Management L.P. and Zurcher Kantonalbank Zurich Cantonalbank . View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of MITK stock can currently be purchased for approximately $9.27.

Mitek Systems has a market capitalization of $378.86 million and generates $46.85 million in revenue each year. The software maker earns $-720,000.00 in net income (profit) each year or $0.19 on an earnings per share basis. Mitek Systems employs 293 workers across the globe.View Additional Information About Mitek Systems.

The official website for Mitek Systems is http://www.miteksystems.com/.

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]