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

$9.59
-0.04 (-0.42 %)
(As of 02/21/2020 04:00 PM ET)
Today's Range
$9.47
Now: $9.59
$9.65
50-Day Range
$7.80
MA: $9.11
$9.92
52-Week Range
$6.96
Now: $9.59
$13.07
Volume226,300 shs
Average Volume400,623 shs
Market Capitalization$392.24 million
P/E Ratio137.02
Dividend YieldN/A
Beta-0.4
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. Read More…

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$0.39 per share
Book Value$2.73 per share

Profitability

Net Income$-720,000.00

Miscellaneous

Employees293
Market Cap$392.24 million
Next Earnings Date5/6/2020 (Estimated)
OptionableOptionable

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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 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.

When is Mitek Systems' next earnings date?

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

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 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.

What is the consensus analysts' recommendation 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.

Has Mitek Systems been receiving favorable news coverage?

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.

Are investors shorting 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.

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), Canopy Growth (CGC), Alibaba Group (BABA), AT&T (T), GW Pharmaceuticals PLC- (GWPH), salesforce.com (CRM), Applied Materials (AMAT) and Cisco Systems (CSCO).

Who are Mitek Systems' key executives?

Mitek Systems' management team includes the folowing 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)

Who are Mitek Systems' major shareholders?

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.

Which major investors are selling Mitek Systems stock?

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.

Which major 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 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 $9.59.

How big of a company is Mitek Systems?

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.

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:  330 (Vote Outperform)
Underperform Votes:  347 (Vote Underperform)
Total Votes:  677
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 2/22/2020 by MarketBeat.com Staff

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