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

$8.15
+0.03 (+0.37 %)
(As of 03/27/2020 04:00 PM ET)
Today's Range
$7.28
Now: $8.15
$8.24
50-Day Range
$5.56
MA: $8.36
$9.92
52-Week Range
$5.26
Now: $8.15
$12.40
Volume545,168 shs
Average Volume535,113 shs
Market Capitalization$333.34 million
P/E Ratio116.45
Dividend YieldN/A
Beta-0.14
Mitek Systems, Inc. develops, markets, and sells mobile image capture and identity verification software solutions in the United States, Europe, Latin America, and internationally. The company's solutions are embedded in native mobile apps and mobile optimized Websites to enhance mobile user experiences, fraud detection and reduction, and compliant transactions. It offers Mobile Deposit that allows 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 to verify people's identities at the point of onboarding through Web or mobile device. The company also provides Mobile Fill, a mobile identity capture solution to pre-fill forms with personal data by snapping a picture of the consumer's driver license, credit card, or other similar identity documents; Mobile Docs, a mobile document scanning solution; and MiSnap, a touch-free automated capture technology. In addition, it offers A2iA CheckReader that enables financial institutions to automatically extract data from checks; A2iA DocumentReader, a document classification and data extraction tool; A2iA TextReader that enables text transcription for printed and cursive handwritten text recognition; 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, etc. through direct sales teams and channel partners. Mitek Systems, Inc. was founded in 1983 and is based in San Diego, California.
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Industry, Sector and Symbol

Industry Computer peripheral equipment, not elsewhere classified
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:MITK
CUSIPN/A
Phone619-269-6800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$46.85 million
Cash Flow$0.40 per share
Book Value$2.67 per share

Profitability

Net Income$-720,000.00

Miscellaneous

Employees293
Market Cap$333.34 million
Next Earnings Date5/6/2020 (Estimated)
OptionableOptionable

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Mitek Systems (NASDAQ:MITK) Frequently Asked Questions

How has Mitek Systems' stock been impacted by COVID-19 (Coronavirus)?

Mitek Systems' stock was trading at $7.64 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MITK shares have increased by 6.7% and is now trading at $8.15. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is Mitek Systems' next earnings date?

Mitek Systems is scheduled to release its next quarterly earnings announcement on Wednesday, May 6th 2020. View our earnings forecast for Mitek Systems.

How were Mitek Systems' earnings last quarter?

Mitek Systems, Inc. (NASDAQ:MITK) issued its quarterly earnings data on Thursday, January, 30th. The software maker reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.05. The software maker had revenue of $22.07 million for the quarter, compared to analysts' expectations of $21.45 million. Mitek Systems had a return on equity of 12.06% and a net margin of 3.40%. The company's revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period last year, the firm posted $0.03 earnings per share. View Mitek Systems' earnings history.

What guidance has Mitek Systems issued on next quarter's earnings?

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.

What price target have analysts set for MITK?

3 equities research analysts have issued 1 year price objectives for Mitek Systems' stock. Their forecasts range from $8.00 to $14.00. On average, they expect Mitek Systems' share price to reach $11.00 in the next year. This suggests a possible upside of 35.0% from the stock's current price. View analysts' price targets for Mitek Systems.

Has Mitek Systems been receiving favorable news coverage?

Media headlines about MITK stock have been trending somewhat positive on Saturday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Mitek Systems earned a daily sentiment score of 0.8 on InfoTrie's scale. They also assigned press coverage about the software maker a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the next several days. View the latest news aboutMitek Systems.

Are investors shorting Mitek Systems?

Mitek Systems saw a decline in short interest during the month of March. As of March 13th, there was short interest totaling 1,154,100 shares, a decline of 5.4% from the February 27th total of 1,220,000 shares. Based on an average trading volume of 509,400 shares, the short-interest ratio is currently 2.3 days. Currently, 2.9% of the shares of the stock are sold short. View Mitek Systems' Current Options Chain.

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), Micron Technology (MU), NVIDIA (NVDA), Alibaba Group (BABA), Canopy Growth (CGC), AT&T (T), salesforce.com (CRM), Applied Materials (AMAT), Cisco Systems (CSCO) and Intel (INTC).

Who are Mitek Systems' key executives?

Mitek Systems' management team includes the following people:
  • Mr. Jeffrey C. Davison CPA, Chief Financial Officer (Age 54)
  • Mr. Stephen J. Ritter, Chief Technology Officer (Age 49)
  • Mr. Scipio Maximus Carnecchia, CEO & Director (Age 56)
  • Mr. Todd Kehrli, Investor Contacts
  • Mr. Jason L. Gray, Chief Legal Officer, Chief Compliance Officer & Corp. Sec. (Age 48)

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 many different institutional and retail investors. Top institutional investors 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.

Which institutional investors are selling Mitek Systems stock?

MITK stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Migdal Insurance & Financial Holdings Ltd., THB Asset Management, Strs Ohio, Sargent Investment Group LLC, Citigroup Inc., AQR Capital Management LLC, and Goldman Sachs Group 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 activity for Mitek Systems.

Which institutional investors are buying Mitek Systems stock?

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 activity for Mitek Systems.

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 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 $8.15.

How big of a company is Mitek Systems?

Mitek Systems has a market capitalization of $333.34 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.

What is Mitek Systems' official website?

The official website for Mitek Systems is http://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]


MarketBeat Community Rating for Mitek Systems (NASDAQ MITK)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  337 (Vote Outperform)
Underperform Votes:  349 (Vote Underperform)
Total Votes:  686
MarketBeat's community ratings are surveys of what our community members think about Mitek Systems and other stocks. Vote "Outperform" if you believe MITK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MITK will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/28/2020 by MarketBeat.com Staff

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