Capstone Investment Advisors LLC Purchases New Position in Mitek Systems, Inc. (NASDAQ:MITK)

Capstone Investment Advisors LLC acquired a new position in shares of Mitek Systems, Inc. (NASDAQ:MITK - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 78,436 shares of the software maker's stock, valued at approximately $680,000. Capstone Investment Advisors LLC owned about 0.17% of Mitek Systems as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Innealta Capital LLC acquired a new stake in Mitek Systems in the second quarter valued at $32,000. nVerses Capital LLC grew its position in shares of Mitek Systems by 25.5% in the 3rd quarter. nVerses Capital LLC now owns 6,400 shares of the software maker's stock valued at $55,000 after buying an additional 1,300 shares during the last quarter. Avior Wealth Management LLC acquired a new stake in shares of Mitek Systems in the third quarter valued at about $60,000. Intech Investment Management LLC bought a new position in shares of Mitek Systems during the third quarter worth about $117,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Mitek Systems in the second quarter worth approximately $138,000. Institutional investors and hedge funds own 83.64% of the company's stock.

Mitek Systems Stock Up 0.2 %

Mitek Systems stock traded up $0.02 during mid-day trading on Friday, reaching $9.32. The stock had a trading volume of 198,010 shares, compared to its average volume of 540,678. The firm has a market capitalization of $430.58 million, a PE ratio of -62.00 and a beta of 1.07. Mitek Systems, Inc. has a fifty-two week low of $7.35 and a fifty-two week high of $16.24. The stock's 50-day simple moving average is $8.90 and its 200-day simple moving average is $10.29. The company has a debt-to-equity ratio of 0.68, a quick ratio of 4.46 and a current ratio of 4.46.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MITK. HC Wainwright decreased their target price on shares of Mitek Systems from $19.00 to $11.00 and set a "buy" rating for the company in a research report on Monday, August 12th. Jefferies Financial Group downgraded shares of Mitek Systems from a "buy" rating to a "hold" rating and lowered their target price for the stock from $17.00 to $9.50 in a research note on Wednesday, September 4th. Craig Hallum cut their price target on shares of Mitek Systems from $19.00 to $15.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Maxim Group dropped their price objective on Mitek Systems from $23.00 to $13.00 and set a "buy" rating on the stock in a research note on Monday, August 12th. Finally, StockNews.com cut Mitek Systems from a "buy" rating to a "hold" rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $12.13.

About Mitek Systems

Mitek Systems, Inc provides mobile image capture and digital identity verification solutions worldwide. Its product portfolio includes Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications; and Mobile Fill, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion.