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NASDAQ:MITK

Mitek Systems (MITK) Stock Price, News & Analysis

$8.60
-0.05 (-0.58%)
(As of 09/6/2024 ET)
Today's Range
$8.53
$8.83
50-Day Range
$8.16
$13.45
52-Week Range
$7.35
$16.24
Volume
423,110 shs
Average Volume
560,111 shs
Market Capitalization
$402.40 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$12.13

Mitek Systems MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
41.0% Upside
$12.13 Price Target
Short Interest
Bearish
9.77% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.34mentions of Mitek Systems in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$476,214 Sold Last Quarter
Proj. Earnings Growth
23.29%
From $0.73 to $0.90 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.67 out of 5 stars

Computer And Technology Sector

347th out of 594 stocks

Computer Peripheral Equipment, Not Elsewhere Classified Industry

8th out of 14 stocks

MITK stock logo

About Mitek Systems Stock (NASDAQ:MITK)

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. The company also offers MiSnap, a mobile-capture software development kit that enables an intuitive user experience and instant capture of quality images of identity documents and checks. CheckReader enables financial institutions to automatically extract data from checks once they have been scanned or photographed by the application; 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. In addition, it provides MiVIP, an end-to-end KYC platform that allows companies to design, build, and deploy robust KYC journeys with little or no development resources; and MiPass provides protection against most sophisticated forms of identity theft and dangerous fraud techniques, such as deepfakes and synthetic identities. 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 to stop spoofing attacks on voice biometric systems; and IDLive Doc that works to fight fraud related to digitally displayed document images. The company was incorporated in 1986 and is based in San Diego, California.

MITK Stock Price History

MITK Stock News Headlines

Jefferies Financial Group Lowers Mitek Systems (NASDAQ:MITK) to Hold
Jefferies Downgrades Mitek Systems (MITK)
Biden’s Capital Gains Tax to Devastate Savings!
Don't let the corrupt elites dictate your future—ACT NOW! This guide is your first step towards financial independence and security.
Craig-Hallum Keeps Their Buy Rating on Mitek Systems (MITK)
Where Mitek Systems Stands With Analysts
Mitek downgraded at Jefferies on near-term uncertainty
Biden’s Capital Gains Tax to Devastate Savings!
Don't let the corrupt elites dictate your future—ACT NOW! This guide is your first step towards financial independence and security.
See More Headlines
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Company Calendar

Last Earnings
8/08/2024
Today
9/07/2024
Fiscal Year End
9/30/2024
Next Earnings (Estimated)
3/18/2025

Industry, Sector and Symbol

Industry
Computer peripheral equipment, not elsewhere classified
Sub-Industry
Computer Hardware
Current Symbol
NASDAQ:MITK
Employees
450
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$12.13
High Stock Price Target
$15.00
Low Stock Price Target
$9.50
Potential Upside/Downside
+41.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$8.03 million
Pretax Margin
-7.01%

Debt

Sales & Book Value

Annual Sales
$166.52 million
Cash Flow
$1.25 per share
Book Value
$4.54 per share

Miscellaneous

Free Float
44,732,000
Market Cap
$402.40 million
Optionable
Optionable
Beta
1.07
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MITK Stock Analysis - Frequently Asked Questions

How have MITK shares performed this year?

Mitek Systems' stock was trading at $13.04 on January 1st, 2024. Since then, MITK stock has decreased by 34.0% and is now trading at $8.60.
View the best growth stocks for 2024 here
.

How were Mitek Systems' earnings last quarter?

Mitek Systems, Inc. (NASDAQ:MITK) announced its earnings results on Thursday, August, 8th. The software maker reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by $0.01. Mitek Systems's revenue for the quarter was up 4.4% compared to the same quarter last year.

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.

Who are Mitek Systems' major shareholders?

Top institutional shareholders of Mitek Systems include Dimensional Fund Advisors LP (3.54%), Thompson Siegel & Walmsley LLC (1.64%), LSV Asset Management (1.58%) and LGT Group Foundation (0.86%). Insiders that own company stock include Scipio Maximus Carnecchia, Michael E Diamond, Stephen Ritter, Christopher H Briggs, Frank Teruel, Donna Wells, William K Aulet and Jason Gray.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Mitek Systems own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Mitek Systems investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Salesforce (CRM), Intel (INTC) and Block (SQ).

This page (NASDAQ:MITK) was last updated on 9/7/2024 by MarketBeat.com Staff

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