Mitek Systems Company Profile (NASDAQ:MITK)

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

Mitek Systems, Inc. (NASDAQ:MITK) issued its quarterly earnings results on Thursday, July, 27th. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.02. The firm had revenue of $11.80 million for the quarter, compared to analysts' expectations of $11.48 million. Mitek Systems had a return on equity of 10.45% and a net margin of 5.19%. The business's revenue for the quarter was up 29.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 EPS. View Mitek Systems' Earnings History.

Mitek Systems is scheduled to release their next quarterly earnings announcement on Monday, October, 2nd 2017. View Earnings Estimates for Mitek Systems.

5 analysts have issued 1 year price targets for Mitek Systems' stock. Their predictions range from $8.00 to $12.00. On average, they expect Mitek Systems' stock price to reach $10.60 in the next twelve months. View Analyst Ratings for Mitek Systems.

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. " (8/3/2017)
• 2. Needham & Company LLC analysts commented, "Mitek delivered 1Q17 results above consensus with revenue of $9.3M (vs. Street $8.7M) and non-GAAP EPS of $0.03 (vs. Street $0.02). Software revenue of $6.0M grew 27% y/y and was well-ahead of our estimates for $5.2M as mobile deposit trends remain strong. While the strength in the software line is encouraging, we think investors would favor (and reward) growth in the services lines which includes revenue from Mitek's cloud-based identity and authentication products. We expect the deals that Mitek has closed in the ID space to contribute more meaningfully to revenue through the remainder of FY17. We believe that as Mobile Deposit trends remain strong to accelerating and Mitek continues gaining traction with its ID products, top line growth will accelerate and shares will be rewarded with a higher multiple." (2/2/2017)

Mitek Systems saw a drop in short interest during the month of July. As of July 31st, there was short interest totalling 1,086,341 shares, a drop of 25.8% from the July 14th total of 1,463,219 shares. Based on an average daily volume of 577,411 shares, the days-to-cover ratio is currently 1.9 days. Approximately 3.4% of the shares of the company are sold short.

Some companies that are related to Mitek Systems include Apptio (APTI), Nanometrics Incorporated (NANO), Nova Measuring Instruments (NVMI), Axcelis Technologies (ACLS), Everbridge (EVBG), Tuniu Corporation (TOUR), CalAmp Corp. (CAMP), Perficient (PRFT), Workiva (WK), Materialise NV (MTLS), Control4 Corporation (CTRL), QAD (QADA), QUANTENNA COMMS (QTNA), Renren (RENN), Tucows (TCX), FARO Technologies (FARO), Sapiens International Corporation N.V. (SPNS) and Carbonite (CARB).

Mitek Systems' management team includes the folowing people:

• James B. DeBello, Chairman of the Board, President, Chief Executive Officer
• Jeffrey C. Davison, Chief Financial Officer
• Kalle Marsal, Chief Operating Officer, Chief Marketing Officer
• Stephen Ritter, Chief Technology Officer
• Jason L. Gray, General Counsel and Administrative Officer
• Michael E. Diamond, Chief Revenue Officer
• Bruce Edward Hansen, Lead Independent Director
• Kenneth D. Denman, Director
• William K. Aulet, Independent Director
• Vinton P. Cunningham, Independent Director

Mitek Systems' stock is owned by a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (4.10%), Archon Capital Management LLC (2.56%), Wells Fargo & Company MN (2.46%), Thomson Horstmann & Bryant Inc. (1.95%), State Street Corp (1.53%) and Granite Investment Partners LLC (1.28%). Company insiders that own Mitek Systems stock include Clark Sarah, James B Debello, Jason Gray, John M Thornton, Michael E Diamond, Russell C Clark and Vinton Paul Cunningham. View Institutional Ownership Trends for Mitek Systems.

Mitek Systems' stock was sold by a variety of institutional investors in the last quarter, including Skylands Capital LLC, Wells Fargo & Company MN, Menta Capital LLC, Arrowstreet Capital Limited Partnership, S Squared Technology LLC, Thompson Davis & CO. Inc., WealthTrust Axiom LLC and Messner & Smith Theme Value Investment Management Ltd. CA. Company insiders that have sold Mitek Systems stock in the last year include Clark Sarah, James B Debello, Jason Gray, Russell C Clark and Vinton Paul Cunningham. View Insider Buying and Selling for Mitek Systems.

Mitek Systems' stock was acquired by a variety of institutional investors in the last quarter, including Archon Capital Management LLC, Unterberg Capital LLC, Algert Global LLC, Essex Investment Management Co. LLC, Prescott Group Capital Management L.L.C., Thomson Horstmann & Bryant Inc., Vanguard Group Inc. and State Street Corp. View Insider Buying and Selling for Mitek Systems.

Shares of Mitek Systems can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Mitek Systems stock can currently be purchased for approximately $9.90.