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NASDAQ:MITK

Mitek Systems Stock Forecast, Price & News

$12.63
+0.16 (+1.28 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$12.21
Now: $12.63
$12.91
50-Day Range
$10.26
MA: $11.91
$13.20
52-Week Range
$5.26
Now: $12.63
$13.53
Volume699,692 shs
Average Volume427,902 shs
Market Capitalization$521.47 million
P/E Ratio90.22
Dividend YieldN/A
Beta0.31
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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Beat the Market (BTM) Rank

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

Overall Beat the Market Rank

1.22 out of 5 stars


Industry, Sector and Symbol

Industry Computer peripheral equipment, not elsewhere classified
Sub-IndustryN/A
Current SymbolNASDAQ:MITK
CUSIPN/A
Phone619-269-6800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$46.85 million
Cash Flow$0.43 per share
Book Value$2.67 per share

Profitability

Net Income$-720,000.00

Miscellaneous

Employees293
Market Cap$521.47 million
Next Earnings Date11/5/2020 (Estimated)
OptionableOptionable
$12.63
+0.16 (+1.28 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Mitek Systems (NASDAQ:MITK) Frequently Asked Questions

How has Mitek Systems' stock price been impacted by Coronavirus (COVID-19)?

Mitek Systems' stock was trading at $7.64 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MITK shares have increased by 65.3% and is now trading at $12.63.
View which stocks have been most impacted by COVID-19
.

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, November 5th 2020.
View our earnings forecast for Mitek Systems
.

How were Mitek Systems' earnings last quarter?

Mitek Systems, Inc. (NASDAQ:MITK) released its quarterly earnings data on Thursday, July, 30th. The software maker reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.06. The software maker had revenue of $25.41 million for the quarter, compared to analysts' expectations of $23.39 million. Mitek Systems had a net margin of 6.37% and a return on equity of 15.32%.
View Mitek Systems' earnings history
.

What price target have analysts set for MITK?

3 equities research analysts have issued twelve-month target prices for Mitek Systems' shares. Their forecasts range from $9.00 to $12.00. On average, they anticipate Mitek Systems' share price to reach $10.67 in the next twelve months. This suggests that the stock has a possible downside of 15.5%.
View analysts' price targets for Mitek Systems
.

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), Micron Technology (MU), Alibaba Group (BABA), Intel (INTC), AbbVie (ABBV), salesforce.com (CRM), Square (SQ), Paypal (PYPL) and Canopy Growth (CGC).

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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (5.24%), Independent Advisor Alliance (2.70%), Sargent Investment Group LLC (1.91%), Charles Schwab Investment Management Inc. (1.08%), Essex Investment Management Co. LLC (0.85%) and P.A.W. Capital Corp (0.73%). Company insiders that own Mitek Systems stock include Bruce Edward Hansen, James B Debello, Jason Gray, Jeffrey C Davison, Karel J Marsal, Michael E Diamond, Stephen Ritter and William K Aulet.
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 Paradigm Capital Management Inc. NY, Vanguard Group Inc., Nuveen Asset Management LLC, Essex Investment Management Co. LLC, P.A.W. Capital Corp, Independent Advisor Alliance, Alps Advisors Inc., and Perennial Investment Advisors LLC. Company insiders that have sold Mitek Systems company stock in the last year include Bruce Edward Hansen, Jason Gray, Jeffrey C Davison, Michael E Diamond, Stephen Ritter, and William K Aulet.
View insider buying and selling activity 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 Bessemer Group Inc., Mackay Shields LLC, Horizon Investment Services LLC, Tocqueville Asset Management L.P., Russell Investments Group Ltd., Goldman Sachs Group Inc., Prentiss Smith & Co. Inc., and WINTON GROUP Ltd.
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 $12.63.

How big of a company is Mitek Systems?

Mitek Systems has a market capitalization of $521.47 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 9/19/2020 by MarketBeat.com Staff

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