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NASDAQ:MITK

Mitek Systems Stock Forecast, Price & News

$18.21
-0.36 (-1.94 %)
(As of 01/26/2021 09:51 AM ET)
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Compare
Today's Range
$18.19
Now: $18.21
$18.60
50-Day Range
$12.03
MA: $16.93
$19.07
52-Week Range
$5.26
Now: $18.21
$19.88
Volume401 shs
Average Volume655,560 shs
Market Capitalization$774.33 million
P/E Ratio101.17
Dividend YieldN/A
Beta0.32
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 browsers to facilitate online user experiences, fraud detection and reduction, and compliant transactions. 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, an application to prefill forms with user data by snapping a picture of the driver license or other similar identity documents; Mobile Docs, a mobile document scanning solution; and MiSnap, an image capture technology. In addition, it offers CheckReader that enables financial institutions to automatically extract data from checks; XE, a recurrent neural network engine; and ID_CLOUD, an automated identity verification solution that is integrated into a customers' application to read and validate identity documents. The company sells its solutions primarily to banks, credit unions, lenders, payments processers, card issuers, fintech companies, and others through direct sales teams and channel partners. Mitek Systems, Inc. was incorporated in 1986 and is based in San Diego, California.
Mitek Systems logo

MarketRank

Overall MarketRank

0.94 out of 5 stars

Computer And Technology Sector

696th out of 1,501 stocks

Computer Peripheral Equipment, Not Elsewhere Classified Industry

15th out of 27 stocks

Analyst Opinion: 1.4Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 0.0 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Computer peripheral equipment, not elsewhere classified
Sub-IndustryN/A
Current SymbolNASDAQ:MITK
CUSIPN/A
Phone619-269-6800
Employees350
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$101.31 million
Cash Flow$0.76 per share
Book Value$3.20 per share

Profitability

Net Income$7.81 million

Miscellaneous

Market Cap$774.33 million
Next Earnings Date1/28/2021 (Confirmed)
OptionableOptionable
$18.21
-0.36 (-1.94 %)
(As of 01/26/2021 09:51 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Mitek Systems (NASDAQ:MITK) Frequently Asked Questions

How has Mitek Systems' stock price been impacted by COVID-19?

Mitek Systems' stock was trading at $7.64 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MITK shares have increased by 138.4% and is now trading at $18.21.
View which stocks have been most impacted by COVID-19
.

Is Mitek Systems a buy right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mitek Systems in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Mitek Systems stock.
View analyst ratings for Mitek Systems
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Mitek Systems?

Wall Street analysts have given Mitek Systems a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Mitek Systems wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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.

When is Mitek Systems' next earnings date?

Mitek Systems is scheduled to release its next quarterly earnings announcement on Thursday, January 28th 2021.
View our earnings forecast for Mitek Systems
.

How can I listen to Mitek Systems' earnings call?

Mitek Systems will be holding an earnings conference call on Thursday, January 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Mitek Systems' earnings last quarter?

Mitek Systems, Inc. (NASDAQ:MITK) issued its quarterly earnings data on Thursday, November, 5th. The software maker reported $0.26 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.14 by $0.12. The software maker had revenue of $30.64 million for the quarter, compared to analysts' expectations of $26.86 million. Mitek Systems had a trailing twelve-month return on equity of 17.19% and a net margin of 7.71%. The company's revenue was up 22.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share.
View Mitek Systems' earnings history
.

What price target have analysts set for MITK?

4 brokerages have issued twelve-month price objectives for Mitek Systems' stock. Their forecasts range from $9.00 to $12.00. On average, they expect Mitek Systems' share price to reach $10.67 in the next twelve months. This suggests that the stock has a possible downside of 41.4%.
View analysts' price targets for Mitek Systems
or view Wall Street analyst' top-rated stocks.

Are investors shorting Mitek Systems?

Mitek Systems saw a increase in short interest in December. As of December 31st, there was short interest totaling 1,380,000 shares, an increase of 35.3% from the December 15th total of 1,020,000 shares. Based on an average daily trading volume, of 692,400 shares, the short-interest ratio is presently 2.0 days.
View Mitek Systems' Short Interest
.

Who are some of Mitek Systems' key competitors?

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.com (CRM), Intel (INTC), Square (SQ), AbbVie (ABBV), PayPal (PYPL) and Cisco Systems (CSCO).

Who are Mitek Systems' key executives?

Mitek Systems' management team includes the following people:
  • Mr. Scipio Maximus Carnecchia, CEO & Director (Age 57, Pay $784.29k)
  • Mr. Jeffrey C. Davison CPA, Chief Financial Officer (Age 55, Pay $539.91k)
  • Mr. Stephen J. Ritter, Chief Technology Officer (Age 50, Pay $456.75k)
  • Mr. Jason L. Gray, Chief Legal Officer (Age 49, Pay $460.79k)
  • Mr. Michael E. Diamond, GM & Sr. VP of Digital Banking (Age 55, Pay $436.32k)
  • Mr. Todd Kehrli, Investor Contacts
  • Cindy White, VP of Global Marketing
  • Ms. Judith Ohrn Hicks, VP of Global People Operations (Age 56)
  • Mr. Aaron Korsen, Sr. VP of North American Identity Sales

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 Perennial Investment Advisors LLC (0.13%), Strs Ohio (0.10%), Vivid Financial Management Inc. (0.04%) and IFP Advisors Inc (0.03%). Company insiders that own Mitek Systems stock include Alex W Hart, Bruce Edward Hansen, Jane J Thompson, Jason Gray, Jeffrey C Davison, Michael E Diamond, 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 Perennial Investment Advisors LLC. Company insiders that have sold Mitek Systems company stock in the last year include Alex W Hart, Bruce Edward Hansen, Jane J Thompson, Jason Gray, Jeffrey C Davison, Michael E Diamond, 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 acquired by a variety of institutional investors in the last quarter, including Strs Ohio, Vivid Financial Management Inc., and IFP Advisors Inc.
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.

What is Mitek Systems' stock price today?

One share of MITK stock can currently be purchased for approximately $18.21.

How big of a company is Mitek Systems?

Mitek Systems has a market capitalization of $774.33 million and generates $101.31 million in revenue each year. The software maker earns $7.81 million in net income (profit) each year or $0.50 on an earnings per share basis. Mitek Systems employs 350 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 or via email at [email protected]

This page was last updated on 1/26/2021 by MarketBeat.com Staff

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