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

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$11.28 +0.30 (+2.73 %)
(As of 01/15/2019 04:00 PM ET)
Previous Close$10.98
Today's Range$10.85 - $11.35
52-Week Range$6.32 - $11.43
Volume836,500 shs
Average Volume500,770 shs
Market Capitalization$419.87 million
P/E Ratio86.77
Dividend YieldN/A
Beta-0.47
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

Current Ratio1.84
Quick Ratio1.84

Price-To-Earnings

Sales & Book Value

Annual Sales$63.56 million
Price / Sales6.84
Cash Flow$0.2660 per share
Price / Cash Flow42.40
Book Value$2.52 per share
Price / Book4.48

Profitability

Net Income$-11,800,000.00
Net Margins-18.58%
Return on Assets4.26%

Miscellaneous

Employees308
Market Cap$419.87 million
OptionableOptionable

Mitek Systems (NASDAQ:MITK) Frequently Asked Questions

What is Mitek Systems' stock symbol?

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

How were Mitek Systems' earnings last quarter?

Mitek Systems, Inc. (NASDAQ:MITK) announced its earnings results on Thursday, November, 1st. The software maker reported $0.14 EPS for the quarter, topping the Zacks' consensus estimate of $0.09 by $0.05. The software maker had revenue of $21 million for the quarter, compared to analysts' expectations of $20.09 million. Mitek Systems had a positive return on equity of 5.49% and a negative net margin of 18.58%. Mitek Systems's revenue for the quarter was up 62.8% compared to the same quarter last year. During the same period last year, the firm earned $0.11 EPS. View Mitek Systems' Earnings History.

When is Mitek Systems' next earnings date?

Mitek Systems is scheduled to release their next quarterly earnings announcement on Thursday, January 24th 2019. View Earnings Estimates for Mitek Systems.

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

Mitek Systems issued an update on its FY 2019 earnings guidance on Thursday, November, 1st. The company provided EPS guidance of for the period. The company issued revenue guidance of $83-86 million, compared to the consensus revenue estimate of $82.04 million.

What price target have analysts set for MITK?

2 Wall Street analysts have issued 1 year price targets for Mitek Systems' stock. Their forecasts range from $12.00 to $18.00. On average, they expect Mitek Systems' share price to reach $15.00 in the next twelve months. This suggests a possible upside of 33.0% from the stock's current price. View Analyst Price Targets for Mitek Systems.

What is the consensus analysts' recommendation for Mitek Systems?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mitek Systems in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Mitek Systems.

What are Wall Street analysts saying about Mitek Systems stock?

Here are some recent quotes from research analysts about Mitek Systems stock:
  • 1. According to Zacks Investment Research, "Mitek Systems, Inc. is primarily engaged in the development and sale of software products with particular focus on intelligent character recognition and forms processing technology, products and services for the document imaging markets. They develop, market and support what they believe to be the most accurate Automated Document Recognition (ADR) products commercially available for the recognition of hand printed characters. " (11/6/2018)
  • 2. National Securities analysts commented, "Last week we hosted investor meetings with New Relic’s management (CFO Mark Sachleben and VP Finance Jon Parker). Overall, we come away with increased confidence in the company’s total addressable market (TAM) opportunities, its competitive positioning, and our thesis; therefore we’re raising our price target to $85 from $66. Key takeaways: (1) TAM expansion is underway with end-to-end monitoring rising in importance; (2) the competitive environment remains fragmented and largely not cloud"-focused; and (3) the drivers required for delivering on management’s $1B/FY22 revenue target are largely in place. While the shares have already moved aggressively higher this year, we see a compelling long-term path for New Relic and remain positive on the shares. Maintain Outperform." (3/9/2018)

Has Mitek Systems been receiving favorable news coverage?

Media headlines about MITK stock have been trending somewhat positive this week, InfoTrie reports. The research group scores the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Mitek Systems earned a news impact score of 1.9 on InfoTrie's scale. They also gave 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 company's share price in the immediate future.

Who are some of Mitek Systems' key competitors?

Who are Mitek Systems' key executives?

Mitek Systems' management team includes the folowing people:
  • Mr. Kalle J. Marsal, Chief Operating Officer (Age 46)
  • Mr. Stephen J. Ritter, Chief Technology Officer (Age 48)
  • Mr. Michael E. Diamond, Sr. VP & GM of Payments (Age 53)
  • Mr. Scipio Maximus Carnecchia, CEO & Director (Age 55)
  • Mr. Jason L. Gray, Gen. Counsel & Admin. Officer (Age 47)

Who are Mitek Systems' major shareholders?

Mitek Systems' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Centre Asset Management LLC (0.04%). 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, Russell C Clark, Stephen Ritter and Vinton Paul Cunningham. View Institutional Ownership Trends 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 Centre Asset Management LLC. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Mitek Systems' stock price today?

One share of MITK stock can currently be purchased for approximately $11.28.

How big of a company is Mitek Systems?

Mitek Systems has a market capitalization of $419.87 million and generates $63.56 million in revenue each year. The software maker earns $-11,800,000.00 in net income (profit) each year or $0.13 on an earnings per share basis. Mitek Systems employs 308 workers across the globe.

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:  2.4 out of 5 (star star)
Outperform Votes:  251 (Vote Outperform)
Underperform Votes:  277 (Vote Underperform)
Total Votes:  528
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 1/15/2019 by MarketBeat.com Staff

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