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. $10.32 -0.35 (-3.28%) (As of 02/6/2023 02:03 PM ET) Add Compare Share Share Today's Range$10.31▼$10.6650-Day Range$9.49▼$10.9052-Week Range$8.32▼$16.35Volume48,004 shsAverage Volume232,454 shsMarket Capitalization$461.10 millionP/E Ratio73.71Dividend YieldN/APrice Target$18.75 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Mitek Systems MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside81.5% Upside$18.75 Price TargetShort InterestBearish6.52% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.31Based on 3 Articles This WeekInsider TradingSelling Shares$549,803 Sold Last QuarterProj. 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.2.22 out of 5 starsComputer And Technology Sector227th out of 611 stocksComputer Peripheral Equipment, Not Elsewhere Classified Industry6th 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 81.5% from its current price of $10.33.Amount of Analyst CoverageMitek Systems has received no research coverage in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted6.52% 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 10.2, which indicates bearish sentiment.Change versus previous monthShort interest in Mitek Systems has recently decreased by 1.75%, 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 3.5 News and Social Media Coverage News SentimentMitek Systems has a news sentiment score of 1.31. 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 0.45 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Mitek Systems this week, compared to 1 article on an average week.Search Interest12 people have searched for MITK on MarketBeat in the last 30 days. This is an increase of 140% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Mitek Systems to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Mitek Systems insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $549,803.00 in company stock.Percentage Held by InsidersOnly 5.40% 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 73.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.80.Price to Earnings Ratio vs. SectorThe P/E ratio of Mitek Systems is 73.79, 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 345.75.Price to Book Value per Share RatioMitek Systems has a P/B Ratio of 2.36. 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 2, 2023 | finance.yahoo.comID R&D Awarded Patent for Continuous Biometric Authentication in Chatbots and Virtual AssistantsJanuary 30, 2023 | marketwatch.comMitek Systems Names Scott Carter Executive Chairman >MITKFebruary 6, 2023 | Investing Trends (Ad)"TAKE THAT, CHINA!" USA Gains in EV Battery Arms RaceDid 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. January 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 ValuationDecember 30, 2022 | finance.yahoo.comIs It Worth Investing in Mitek Systems (MITK) Based on Wall Street's Bullish Views?February 6, 2023 | Investing Trends (Ad)"TAKE THAT, CHINA!" USA Gains in EV Battery Arms RaceDid 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. 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 resultsJuly 29, 2022 | seekingalpha.comMitek Systems, Inc. (MITK) CEO Max Carnecchia on Q3 2022 Results - Earnings Call TranscriptSee 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 Earnings11/04/2021Today2/06/2023Next Earnings (Estimated)2/09/2023Fiscal 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+81.7%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.14 Trailing P/E Ratio73.71 Forward P/E Ratio14.54 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 / Sales3.85 Cash Flow$0.88 per share Price / Cash Flow11.77 Book Value$4.38 per share Price / Book2.36Miscellaneous Outstanding Shares44,680,000Free Float42,267,000Market Cap$461.10 million OptionableOptionable Beta0.78 Key ExecutivesScipio Maximus CarnecchiaChief Executive Officer & DirectorFrank TeruelChief Financial Officer & Senior Vice PresidentStephen J. RitterChief Technology OfficerMichael E. DiamondSenior Vice President & General Manager-PaymentsChristopher BriggsHead-Product DevelopmentKey CompetitorsImmersionNASDAQ:IMMRIdentivNASDAQ:INVERADCOMNASDAQ:RDCMStratasysNASDAQ:SSYSON24NYSE:ONTFView All CompetitorsInsiders & InstitutionsCannell & Co.Bought 82,746 shares on 2/3/2023Ownership: 0.905%Simplex Trading LLCBought 3,200 shares on 2/2/2023Ownership: 0.000%Bank of Montreal CanSold 33,250 shares on 2/1/2023Ownership: 0.669%Zurcher Kantonalbank Zurich Cantonalbank Bought 1,757 shares on 2/1/2023Ownership: 0.018%Knights of Columbus Asset Advisors LLCSold 1,551 shares on 1/31/2023Ownership: 0.312%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 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 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.