Mitek Systems - MITK Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mitek Systems in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MITK shares.
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3 brokerages have issued 12-month price targets for Mitek Systems' shares. Their MITK share price forecasts range from $13.00 to $28.00. On average, they anticipate the company's share price to reach $18.75 in the next twelve months. This suggests a possible upside of 75.7% from the stock's current price.
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Mitek Systems' stock was trading at $9.69 at the start of the year. Since then, MITK stock has increased by 10.1% and is now trading at $10.67.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
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Mitek Systems, Inc. (NASDAQ:MITK) issued its quarterly earnings results on Thursday, November, 4th. The software maker reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. The software maker earned $33.30 million during the quarter, compared to the consensus estimate of $33.23 million. Mitek Systems had a net margin of 4.59% and a trailing twelve-month return on equity of 17.00%. Mitek Systems's revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.22 EPS.

3 employees have rated Mitek Systems Chief Executive Officer Max Carnecchia on Glassdoor.com. Max Carnecchia has an approval rating of 69% among the company's employees.

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

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

Mitek Systems' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Cannell & Co. (0.91%), Sargent Investment Group LLC (0.77%), Bank of Montreal Can (0.67%), Knights of Columbus Asset Advisors LLC (0.31%), Allspring Global Investments Holdings LLC (0.19%) and Merit Financial Group LLC (0.12%). Insiders that own company stock include Alex W Hart, Bruce Edward Hansen, Frank Teruel, Jane J Thompson, Jason Gray, Jeffrey C Davison, Jeffrey C Davison, Michael E Diamond, Scipio Maximus Carnecchia, Stephen Ritter and William K Aulet.
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Shares of MITK stock 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.
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One share of MITK stock can currently be purchased for approximately $10.67.

Mitek Systems (NASDAQ:MITK) has a market capitalization of $476.74 million and generates $119.80 million in revenue each year. The software maker earns $7.98 million in net income (profit) each year or $0.14 on an earnings per share basis.

The company employs 435 workers across the globe.

Mitek Systems' mailing address is 600 B STREET SUITE 100, SAN DIEGO CA, 92101. The official website for the company is www.miteksystems.com. The software maker can be reached via phone at (619) 269-6800, via email at ir@miteksystems.com, or via fax at 619-269-6801.