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NASDAQ:MITKMitek Systems Stock Price, Forecast & News

$9.42
+0.09 (+0.96 %)
(As of 06/1/2020 04:00 PM ET)
Add
Compare
Today's Range
$9.33
Now: $9.42
$9.60
50-Day Range
$7.89
MA: $8.75
$9.50
52-Week Range
$5.26
Now: $9.42
$11.43
Volume336,464 shs
Average Volume300,676 shs
Market Capitalization$387.73 million
P/E Ratio85.64
Dividend YieldN/A
Beta0.21
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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Mitek Systems logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.42 out of 5 stars


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$387.73 million
Next Earnings Date7/23/2020 (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 stock has increased by 23.3% and is now trading at $9.42. View which stocks have been most 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 Thursday, July 23rd 2020. View our earnings forecast for Mitek Systems.

How were Mitek Systems' earnings last quarter?

Mitek Systems, Inc. (NASDAQ:MITK) released its earnings results on Thursday, April, 30th. The software maker reported $0.13 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.10 by $0.03. The software maker had revenue of $23.20 million for the quarter, compared to the consensus estimate of $23.10 million. Mitek Systems had a net margin of 5.05% and a return on equity of 13.96%. The business's revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the company posted $0.07 earnings per share. View Mitek Systems' earnings history.

What price target have analysts set for MITK?

3 Wall Street analysts have issued twelve-month target prices for Mitek Systems' stock. Their forecasts range from $9.00 to $12.00. On average, they anticipate Mitek Systems' stock price to reach $10.67 in the next year. This suggests a possible upside of 13.2% from the stock's current price. View analysts' price targets for Mitek Systems.

Has Mitek Systems been receiving favorable news coverage?

Press coverage about MITK stock has been trending extremely negative recently, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Mitek Systems earned a news sentiment score of -5.0 on InfoTrie's scale. They also gave press coverage about the software maker a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutMitek Systems.

Are investors shorting Mitek Systems?

Mitek Systems saw a decrease in short interest in May. As of May 15th, there was short interest totaling 834,400 shares, a decrease of 23.4% from the April 30th total of 1,090,000 shares. Based on an average trading volume of 437,800 shares, the short-interest ratio is currently 1.9 days. Approximately 2.1% of the company's shares 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), NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), AT&T (T), salesforce.com (CRM), Canopy Growth (CGC), Cisco Systems (CSCO), Intel (INTC) and AbbVie (ABBV).

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 a variety of institutional and retail investors. Top institutional shareholders include Legal & General Group Plc (5.17%), BlackRock Inc. (5.04%), Cloverdale Capital Management LLC (3.16%), Paradigm Capital Management Inc. NY (2.47%), State Street Corp (1.94%) and Sargent Investment Group LLC (1.91%). Company insiders that own Mitek Systems stock include 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 Invenomic Capital Management LP, Squarepoint Ops LLC, Morgan Stanley, JPMorgan Chase & Co., P.A.W. Capital Corp, Aviva PLC, AQR Capital Management LLC, and WINTON GROUP Ltd. 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 Cloverdale Capital Management LLC, Legal & General Group Plc, Wells Fargo & Company MN, Matarin Capital Management LLC, Bogle Investment Management L P DE, Sargent Investment Group LLC, UBS Group AG, and Geode Capital Management LLC. 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 $9.42.

How big of a company is Mitek Systems?

Mitek Systems has a market capitalization of $387.73 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.

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 6/1/2020 by MarketBeat.com Staff

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