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S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
Tiny $4 Company to “Steal” Billions From Tesla?  (Ad)
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
Bear Market… Bull Market… Who Cares? (Ad)pixel
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving
S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
Tiny $4 Company to “Steal” Billions From Tesla?  (Ad)
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
Bear Market… Bull Market… Who Cares? (Ad)pixel
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving
S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
Tiny $4 Company to “Steal” Billions From Tesla?  (Ad)
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
Bear Market… Bull Market… Who Cares? (Ad)pixel
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving
NASDAQ:MITK

Mitek Systems - MITK Stock Forecast, Price & News

$10.44
-0.01 (-0.10%)
(As of 12/5/2022 12:00 AM ET)
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Compare
Today's Range
$10.11
$10.58
50-Day Range
$9.16
$11.63
52-Week Range
$8.32
$17.92
Volume
160,023 shs
Average Volume
261,869 shs
Market Capitalization
$466.46 million
P/E Ratio
74.57
Dividend Yield
N/A
Price Target
$18.75

Mitek Systems MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
79.6% Upside
$18.75 Price Target
Short Interest
Bearish
6.60% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.08mentions of Mitek Systems in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$549,803 Sold Last Quarter
Proj. Earnings Growth
14.29%
From $0.63 to $0.72 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.12 out of 5 stars

Computer And Technology Sector

339th out of 634 stocks

Computer Peripheral Equipment, Not Elsewhere Classified Industry

8th out of 13 stocks

MITK stock logo

About Mitek Systems (NASDAQ:MITK) Stock

Mitek Systems, Inc. develops, markets, and sells mobile image capture and digital identity verification solutions in the United States, Europe, Latin America, and internationally. The company's solutions are embedded in native mobile apps and web browsers to facilitate digital consumer experiences. It offers Mobile Deposit that enables 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. The company also provides Mobile Fill, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion; and MiSnap, a mobile-capture software development kit that enables an intuitive user experience and instant capture of quality images of identity documents and checks. In addition, it offers CheckReader that enables financial institutions to automatically extract data from checks; Check Fraud Defender, an AI-powered and cloud-hosted model for fighting check fraud; and Check Intelligence that enables financial institutions to automatically extract data from a check image received across any deposit channel, including branch, ATM, remote deposit capture, and mobile. Further, the company provides ID_CLOUD, an automated identity verification solution that is integrated into a customers' application to read and validate identity documents; IDLive Face, a passive facial liveness detection product; IDVoice, a robust AI-driven voice biometric engine; IDLive Voice that helps stop spoofing attacks on voice biometric systems; and IDLive Doc that works to fight fraud related to digitally displayed document images. Mitek Systems, Inc. was incorporated in 1986 and is based in San Diego, California.

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MITK Stock News Headlines

10 Best Stocks Under $20
MITK Mitek Systems, Inc.
Mitek Announces Receipt of Notice from Nasdaq
Mitek Systems Inc - Stock Quote MITK
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MITK Company Calendar

Last Earnings
11/04/2021
Today
12/06/2022
Next Earnings (Estimated)
1/25/2023
Fiscal Year End
9/30/2023

Industry, Sector and Symbol

Industry
Computer peripheral equipment, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:MITK
Employees
435
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$18.75
High Stock Price Forecast
$28.00
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
+79.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$7.98 million
Pretax Margin
4.93%

Debt

Sales & Book Value

Annual Sales
$119.80 million
Cash Flow
$0.91 per share
Book Value
$4.38 per share

Miscellaneous

Free Float
42,267,000
Market Cap
$466.46 million
Optionable
Optionable
Beta
0.74

Key Executives

  • Mr. Scipio Maximus CarnecchiaMr. Scipio Maximus Carnecchia (Age 59)
    CEO & Director
    Comp: $1.18M
  • Mr. Frank Teruel (Age 56)
    CFO & Sr. VP
    Comp: $355.69k
  • Mr. Stephen J. RitterMr. Stephen J. Ritter (Age 52)
    Chief Technology Officer
    Comp: $589.28k
  • Mr. Michael E. DiamondMr. Michael E. Diamond (Age 57)
    GM & Sr. VP of Digital Banking
    Comp: $477.15k
  • Mr. Todd Kehrli
    Investor Contacts
  • Mr. Scott Marcus
    Gen. Counsel
  • Angela M. Romei
    Corp. Communications Director
  • Ms. Cindy White
    Chief Marketing Officer
  • Ms. Judith Ohrn Hicks (Age 58)
    VP of Global People Operations
  • Mr. Sanjay Gupta
    Sr. VP & MD













MITK Stock - Frequently Asked Questions

Should I buy or sell Mitek Systems stock right now?

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.
View MITK analyst ratings
or view top-rated stocks.

What is Mitek Systems' stock price forecast for 2023?

3 brokers 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 stock price to reach $18.75 in the next twelve months. This suggests a possible upside of 79.6% from the stock's current price.
View analysts price targets for MITK
or view top-rated stocks among Wall Street analysts.

How have MITK shares performed in 2022?

Mitek Systems' stock was trading at $17.75 on January 1st, 2022. Since then, MITK shares have decreased by 41.2% and is now trading at $10.44.
View the best growth stocks for 2022 here
.

When is Mitek Systems' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 25th 2023.
View our MITK earnings forecast
.

How were Mitek Systems' earnings last quarter?

Mitek Systems, Inc. (NASDAQ:MITK) announced 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 analysts' expectations of $33.23 million. Mitek Systems had a net margin of 4.59% and a trailing twelve-month return on equity of 17.00%. The company's revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.22 earnings per share.

What is Max Carnecchia's approval rating as Mitek Systems' CEO?

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.

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), Micron Technology (MU), Alibaba Group (BABA), Salesforce (CRM), Intel (INTC), Block (SQ), AbbVie (ABBV), PayPal (PYPL) and Cisco Systems (CSCO).

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 shareholders include Blue Grotto Capital LLC (8.46%), BlackRock Inc. (7.15%), Vanguard Group Inc. (5.68%), Independent Advisor Alliance (3.96%), State Street Corp (2.15%) and Dimensional Fund Advisors LP (1.78%). 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.
View institutional ownership trends
.

How do I buy shares of Mitek Systems?

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.
Compare Top Brokerages Here.

What is Mitek Systems' stock price today?

One share of MITK stock can currently be purchased for approximately $10.44.

How much money does Mitek Systems make?

Mitek Systems (NASDAQ:MITK) has a market capitalization of $466.46 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.

How many employees does Mitek Systems have?

The company employs 435 workers across the globe.

How can I contact Mitek Systems?

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.

This page (NASDAQ:MITK) was last updated on 12/6/2022 by MarketBeat.com Staff