NASDAQ:MITK Mitek Systems (MITK) Stock Price, News & Analysis $8.60 -0.05 (-0.58%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$8.53▼$8.8350-Day Range$8.16▼$13.4552-Week Range$7.35▼$16.24Volume423,110 shsAverage Volume560,111 shsMarket Capitalization$402.40 millionP/E RatioN/ADividend YieldN/APrice Target$12.13 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Mitek Systems alerts: Email Address Mitek Systems MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.75 Rating ScoreUpside/Downside41.0% Upside$12.13 Price TargetShort InterestBearish9.77% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment-0.34Based on 10 Articles This WeekInsider TradingSelling Shares$476,214 Sold Last QuarterProj. Earnings Growth23.29%From $0.73 to $0.90 Per ShareSee Full Details Hide Full Details 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 starsComputer And Technology Sector347th out of 594 stocksComputer Peripheral Equipment, Not Elsewhere Classified Industry8th out of 14 stocks 3.4 Analyst's Opinion Consensus RatingMitek Systems has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageMitek Systems has only been the subject of 4 research reports in the past 90 days.Read more about Mitek Systems' stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted9.77% of the outstanding shares of Mitek Systems have been sold short.Short Interest Ratio / Days to CoverMitek Systems has a short interest ratio ("days to cover") of 7.3.Change versus previous monthShort interest in Mitek Systems has recently decreased by 3.99%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldMitek Systems does not currently pay a dividend.Dividend GrowthMitek Systems does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MITK. Previous Next 1.5 News and Social Media Coverage News SentimentMitek Systems has a news sentiment score of -0.34. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 10 news articles for Mitek Systems this week, compared to 4 articles on an average week.Search Interest11 people have searched for MITK on MarketBeat in the last 30 days. This is an increase of 175% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Mitek Systems to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Mitek Systems insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $476,214.00 in company stock.Percentage Held by InsidersOnly 4.40% of the stock of Mitek Systems is held by insiders.Percentage Held by Institutions83.64% of the stock of Mitek Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Mitek Systems' insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Mitek Systems are expected to grow by 23.29% in the coming year, from $0.73 to $0.90 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Mitek Systems is -53.75, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Mitek Systems is -53.75, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioMitek Systems has a P/B Ratio of 1.89. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Mitek Systems' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Deal MakerThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.Learn more about this much-needed advancement and investment opportunity here. 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.Read More MITK Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MITK Stock News HeadlinesSeptember 6 at 4:17 AM | americanbankingnews.comJefferies Financial Group Lowers Mitek Systems (NASDAQ:MITK) to HoldSeptember 5 at 4:55 PM | msn.comJefferies Downgrades Mitek Systems (MITK)September 7, 2024 | Deal Maker (Ad)The solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.September 5 at 11:53 AM | markets.businessinsider.comCraig-Hallum Keeps Their Buy Rating on Mitek Systems (MITK)September 5 at 11:53 AM | finance.yahoo.comConcerned Stockholder Group Votes Against the Re-Election of Mitek Systems’ Board of DirectorsSeptember 4 at 1:16 PM | markets.businessinsider.comMitek Systems Hold Rating and Revised Financial Forecasts Amidst Strategic UncertaintySeptember 4 at 1:16 PM | benzinga.comWhere Mitek Systems Stands With AnalystsSeptember 4 at 1:16 PM | seekingalpha.comMitek downgraded at Jefferies on near-term uncertaintySeptember 7, 2024 | Deal Maker (Ad)The solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.August 21, 2024 | businesswire.comAlogent and Mitek Announce Partnership to Tackle Ballooning Check Fraud EpidemicAugust 16, 2024 | forbes.comMITK’s 35% Dip: Catch The Rebound Wave Before It SurgesAugust 13, 2024 | markets.businessinsider.comMitek Systems: Buy Rating Affirmed Amidst Strategic Repositioning and Solid Capital BufferAugust 11, 2024 | markets.businessinsider.comMitek Systems: Long-Term Growth Trends Counterbalance Short-Term SetbacksAugust 11, 2024 | finance.yahoo.comMitek Systems, Inc. (NASDAQ:MITK) Analysts Are Cutting Their Estimates: Here's What You Need To KnowAugust 10, 2024 | msn.comMitek Systems Non-GAAP EPS of $0.25 misses by $0.01, revenue of $44.98M misses by $2.99MAugust 10, 2024 | seekingalpha.comMitek Systems, Inc. (MITK) Q3 2024 Earnings Call TranscriptAugust 10, 2024 | marketwatch.comMitek Systems Shares Tumble on Outlook Cut, Lower-Than-Expected SalesAugust 10, 2024 | finance.yahoo.comMitek Reports Fiscal 2024 Third Quarter Financial ResultsSee More Headlines Receive MITK Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Mitek Systems and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings8/08/2024Today9/07/2024Fiscal Year End9/30/2024Next Earnings (Estimated)3/18/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Computer peripheral equipment, not elsewhere classified Sub-IndustryComputer Hardware Current SymbolNASDAQ:MITK CUSIPN/A CIK807863 Webwww.miteksystems.com Phone(619) 269-6800Fax619-269-6801Employees450Year FoundedN/APrice 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 RatingModerate Buy Rating Score (0-4)2.75 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($0.16) Trailing P/E RatioN/A Forward P/E Ratio11.78 P/E GrowthN/ANet Income$8.03 million Net Margins-4.05% Pretax Margin-7.01% Return on Equity12.32% Return on Assets6.36% Debt Debt-to-Equity Ratio0.68 Current Ratio4.46 Quick Ratio4.46 Sales & Book Value Annual Sales$166.52 million Price / Sales2.42 Cash Flow$1.25 per share Price / Cash Flow6.90 Book Value$4.54 per share Price / Book1.89Miscellaneous Outstanding Shares46,791,000Free Float44,732,000Market Cap$402.40 million OptionableOptionable Beta1.07 Beginner's Guide to Pot Stock InvestingClick the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise. Get This Free Report Key ExecutivesMr. Scipio Maximus Carnecchia (Age 61)CEO & Director Comp: $919.14kMr. Michael E. Diamond (Age 59)Senior VP & GM of Digital Banking Comp: $537.23kMr. Chris BriggsSenior VP of Identity & Head of ProductsMr. David B. Lyle (Age 60)Chief Financial Officer Mr. Todd KehrliInvestor ContactsMr. Jason L. Gray (Age 53)Chief Legal Officer, Chief Compliance Officer & Corporate Secretary Comp: $575.91kAngela M. RomeiCorporate Communications DirectorMs. Cindy WhiteChief Marketing OfficerMs. Judith Ohrn Hicks (Age 60)Senior Vice President of People Operations More ExecutivesKey CompetitorsKey TronicNASDAQ:KTCCForescout TechnologiesNASDAQ:FSCTDiebold NixdorfNYSE:DBDA10 NetworksNYSE:ATENCorsair GamingNASDAQ:CRSRView All CompetitorsInsiders & InstitutionsEVR Research LPBought 264,466 shares on 8/15/2024Ownership: 0.565%AQR Capital Management LLCSold 42,308 shares on 8/15/2024Ownership: 0.130%The Manufacturers Life Insurance Company Bought 1,923 shares on 8/15/2024Ownership: 0.038%Lombard Odier Asset Management USA CorpBought 41,447 shares on 8/14/2024Ownership: 0.089%Squarepoint Ops LLCBought 12,359 shares on 8/14/2024Ownership: 0.026%View All Insider TransactionsView All Institutional Transactions 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). 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