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

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

Mitek Systems, Inc. (NASDAQ:MITK) announced its quarterly earnings results on Thursday, January, 30th. The software maker reported $0.12 EPS for the quarter, beating the Zacks' consensus estimate of $0.07 by $0.05. The software maker had revenue of $22.07 million for the quarter, compared to analyst estimates of $21.45 million. Mitek Systems had a return on equity of 12.06% and a net margin of 3.40%. The business's revenue for the quarter was up 24.8% on a year-over-year basis. During the same period last year, the firm posted $0.03 earnings per share. View Mitek Systems' Earnings History.

Mitek Systems is scheduled to release their next quarterly earnings announcement on Wednesday, May 6th 2020. View Earnings Estimates for Mitek Systems.

Mitek Systems updated its FY 2020 After-Hours earnings guidance on Thursday, January, 30th. 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 $100.15 million.

3 Wall Street analysts have issued 12-month price objectives for Mitek Systems' shares. Their forecasts range from $8.00 to $20.00. On average, they expect Mitek Systems' share price to reach $14.00 in the next year. This suggests a possible upside of 46.0% 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 coverage about MITK stock has been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Mitek Systems earned a media sentiment score of 1.3 on InfoTrie's scale. They also assigned news articles about the software maker a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Mitek Systems.

Mitek Systems saw a increase in short interest during the month of January. As of January 31st, there was short interest totalling 1,180,000 shares, an increase of 14.6% from the January 15th total of 1,030,000 shares. Based on an average daily trading volume, of 441,300 shares, the days-to-cover ratio is currently 2.7 days. Approximately 3.0% of the shares of the company are sold short. 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), AstroNova (ALOT), Identiv (INVE), TransAct Technologies (TACT), Key Tronic (KTCC), Interlink Electronics (LINK), IGO (IGOI), Hauppauge Digital (HAUP) and HTC (HTCXF).

Based on aggregate information from My MarketBeat watchlists, some companies that other Mitek Systems investors own include Advanced Micro Devices (AMD), Micron Technology (MU), NVIDIA (NVDA), Canopy Growth (CGC), Alibaba Group (BABA), AT&T (T), GW Pharmaceuticals PLC- (GWPH), salesforce.com (CRM), Applied Materials (AMAT) and Cisco Systems (CSCO).

Mitek Systems' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Archon Capital Management LLC (3.54%), Independent Advisor Alliance (2.21%), State Street Corp (1.93%), Sargent Investment Group LLC (1.68%), Sargent Investment Group LLC (1.54%) and Marshall Wace LLP (1.52%). 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 Migdal Insurance & Financial Holdings Ltd., THB Asset Management, Strs Ohio, Sargent Investment Group LLC, Citigroup Inc., AQR Capital Management LLC, Goldman Sachs Group Inc. and UBS Asset Management Americas 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 Marshall Wace LLP, Archon Capital Management LLC, Heartland Advisors Inc., Charles Schwab Investment Management Inc., Aviva PLC, Renaissance Technologies LLC, Globeflex Capital L P and Independent Advisor Alliance. 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 $9.59.

Mitek Systems has a market capitalization of $392.24 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]