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NASDAQ:MITK

Mitek Systems (MITK) Stock Forecast, Price & News

$9.29
+0.13 (+1.42%)
(As of 05/19/2022 01:34 PM ET)
Add
Compare
Today's Range
$9.14
$9.37
50-Day Range
$9.16
$15.00
52-Week Range
$8.96
$23.29
Volume
6,159 shs
Average Volume
502,973 shs
Market Capitalization
$412.01 million
P/E Ratio
40.39
Dividend Yield
N/A
Beta
0.61
30 days | 90 days | 365 days | Advanced Chart
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Mitek Systems logo

About Mitek Systems

Mitek Systems, Inc. develops, markets, and sells mobile image capture and digital identity verification solutions in the United States, Europe, Latin America, and internationally. The company's solutions are embedded in native mobile apps and web browsers to facilitate digital consumer experiences. It offers Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; and Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications. The company also provides Mobile Fill, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion; and MiSnap, a mobile-capture software development kit that enables an intuitive user experience and instant capture of quality images of identity documents and checks. In addition, it offers CheckReader that enables financial institutions to automatically extract data from checks; Check Fraud Defender, an AI-powered and cloud-hosted model for fighting check fraud; and Check Intelligence that enables financial institutions to automatically extract data from a check image received across any deposit channel, including branch, ATM, remote deposit capture, and mobile. Further, the company provides ID_CLOUD, an automated identity verification solution that is integrated into a customers' application to read and validate identity documents; IDLive Face, a passive facial liveness detection product; IDVoice, a robust AI-driven voice biometric engine; IDLive Voice that helps stop spoofing attacks on voice biometric systems; and IDLive Doc that works to fight fraud related to digitally displayed document images. Mitek Systems, Inc. was incorporated in 1986 and is based in San Diego, California.

Headlines

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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

Sales & Book Value

Annual Sales
$119.80 million
Cash Flow
$0.90 per share
Book Value
$4.20 per share

Profitability

Net Income
$7.98 million
Pretax Margin
8.51%

Debt

Price-To-Earnings

Miscellaneous

Free Float
42,839,000
Market Cap
$412.01 million
Optionable
Optionable

Company Calendar

Last Earnings
4/28/2022
Today
5/19/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
9/30/2022

MarketRank

Overall MarketRank

2.45 out of 5 stars

Computer And Technology Sector

228th out of 923 stocks

Computer Peripheral Equipment, Not Elsewhere Classified Industry

5th out of 20 stocks

Analyst Opinion: 3.5Community Rank: 4.4Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -













Mitek Systems (NASDAQ:MITK) Frequently Asked Questions

Is Mitek Systems a buy right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Mitek Systems in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Mitek Systems stock.
View analyst ratings for Mitek Systems
or view top-rated stocks.

When is Mitek Systems' next earnings date?

Mitek Systems is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Mitek Systems
.

How were Mitek Systems' earnings last quarter?

Mitek Systems, Inc. (NASDAQ:MITK) announced its quarterly earnings results on Thursday, April, 28th. The software maker reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.04. The software maker earned $34.70 million during the quarter, compared to analyst estimates of $33.02 million. Mitek Systems had a trailing twelve-month return on equity of 17.17% and a net margin of 7.76%. The firm's revenue for the quarter was up 20.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 earnings per share.
View Mitek Systems' earnings history
.

What price target have analysts set for MITK?

4 brokers have issued 12-month price objectives for Mitek Systems' stock. Their forecasts range from $20.00 to $28.00. On average, they expect Mitek Systems' stock price to reach $23.33 in the next year. This suggests a possible upside of 152.0% from the stock's current price.
View analysts' price targets for Mitek Systems
or view top-rated stocks among Wall Street analysts.

Who are Mitek Systems' key executives?
Mitek Systems' management team includes the following people:
What is Max Carnecchia's approval rating as Mitek Systems' CEO?

3 employees have rated Mitek Systems CEO Max Carnecchia on Glassdoor.com. Max Carnecchia has an approval rating of 69% among Mitek Systems' 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), Square (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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.23%), Blue Grotto Capital LLC (5.90%), Toronado Partners LLC (5.88%), Vanguard Group Inc. (5.37%), Independent Advisor Alliance (2.99%) and State Street Corp (2.16%). Company insiders that own Mitek Systems stock include Alex W Hart, Bruce Edward Hansen, 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 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 Goldman Sachs Group Inc., Wisconsin Capital Management LLC, Norwood Investment Partners LP, Renaissance Technologies LLC, State Board of Administration of Florida Retirement System, Mirae Asset Global Investments Co. Ltd., BlackRock Inc., and Dimensional Fund Advisors LP. Company insiders that have sold Mitek Systems company stock in the last year include Jason Gray, Jeffrey C Davison, Michael E Diamond, Scipio Maximus Carnecchia, Stephen Ritter, and William K Aulet.
View insider buying and selling activity for Mitek Systems
or view top insider-selling stocks.

Which major investors are buying Mitek Systems stock?

MITK stock was bought by a variety of institutional investors in the last quarter, including Blue Grotto Capital LLC, Independent Advisor Alliance, Toronado Partners LLC, LGT Group Foundation, Russell Investments Group Ltd., Redmond Asset Management LLC, Federated Hermes Inc., and Avalon Investment & Advisory.
View insider buying and selling activity for Mitek Systems
or or view top insider-buying stocks.

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 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 $9.26.

How much money does Mitek Systems make?

Mitek Systems has a market capitalization of $410.68 million and generates $119.80 million in revenue each year. The software maker earns $7.98 million in net income (profit) each year or $0.229990 on an earnings per share basis.

How many employees does Mitek Systems have?

Mitek Systems employs 435 workers across the globe.

What is Mitek Systems' official website?

The official website for Mitek Systems is www.miteksystems.com.

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, via email at [email protected], or via fax at 619-269-6801.

This page was last updated on 5/19/2022 by MarketBeat.com Staff

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