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NASDAQ:MITK

Mitek Systems (MITK) Stock Price, News & Analysis

Mitek Systems logo
$10.15 -0.16 (-1.55%)
As of 01/13/2025 04:00 PM Eastern

About Mitek Systems Stock (NASDAQ:MITK)

Key Stats

Today's Range
$9.96
$10.39
50-Day Range
$8.62
$11.45
52-Week Range
$7.35
$16.24
Volume
544,041 shs
Average Volume
579,977 shs
Market Capitalization
$437.37 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$12.63
Consensus Rating
Moderate Buy

Company Overview

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.

Mitek Systems Stock Analysis - MarketRank™

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33rd Percentile Overall Score

MITK MarketRank™: 

Mitek Systems scored higher than 33% of companies evaluated by MarketBeat, and ranked 531st out of 674 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Mitek 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 Coverage

    Mitek Systems has only been the subject of 1 research reports in the past 90 days.

  • Read more about Mitek Systems' stock forecast and price target.
  • Earnings Growth

    Earnings for Mitek Systems are expected to grow by 3.57% in the coming year, from $0.56 to $0.58 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Mitek Systems is -67.67, 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. Sector

    The P/E ratio of Mitek Systems is -67.67, 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 Ratio

    Mitek Systems has a P/B Ratio of 2.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    8.98% of the outstanding shares of Mitek Systems have been sold short.
  • Short Interest Ratio / Days to Cover

    Mitek Systems has a short interest ratio ("days to cover") of 6.4.
  • Change versus previous month

    Short interest in Mitek Systems has recently increased by 3.20%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Mitek Systems does not currently pay a dividend.

  • Dividend Growth

    Mitek Systems does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    8.98% of the outstanding shares of Mitek Systems have been sold short.
  • Short Interest Ratio / Days to Cover

    Mitek Systems has a short interest ratio ("days to cover") of 6.4.
  • Change versus previous month

    Short interest in Mitek Systems has recently increased by 3.20%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Mitek Systems has a news sentiment score of 1.40. 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 higher news sentiment than the 0.70 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 4 news articles for Mitek Systems this week, compared to 4 articles on an average week.
  • Search Interest

    9 people have searched for MITK on MarketBeat in the last 30 days. This is an increase of 350% compared to the previous 30 days.
  • MarketBeat Follows

    8 people have added Mitek Systems to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In 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 $152,140.00 in company stock.

  • Percentage Held by Insiders

    Only 2.10% of the stock of Mitek Systems is held by insiders.

  • Percentage Held by Institutions

    83.64% 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.
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MITK Stock News Headlines

Last time you’ll see this priced at $1.00
When was the last time you bought something for a buck? I don’t even think you can buy anything at McDonalds for a dollar anymore!
Mitek Systems (MITK) Gets a Buy from Northland Securities
Update: MITK, December 17
See More Headlines

MITK Stock Analysis - Frequently Asked Questions

Mitek Systems' stock was trading at $11.13 on January 1st, 2025. Since then, MITK stock has decreased by 8.8% and is now trading at $10.15.
View the best growth stocks for 2025 here
.

Mitek Systems, Inc. (NASDAQ:MITK) posted its earnings results on Monday, December, 16th. The software maker reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.16. The company's revenue was up 14.8% on a year-over-year basis.

Mitek Systems' top institutional investors include Harbor Capital Advisors Inc. (0.02%). Insiders that own company stock include Scipio Maximus Carnecchia, Stephen Ritter, Michael E Diamond, Jason Gray, Frank Teruel, Christopher H Briggs and Donna Wells.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Mitek Systems investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Meta Platforms (META), Tesla (TSLA), Broadcom (AVGO), Netflix (NFLX) and PayPal (PYPL).

Company Calendar

Last Earnings
12/16/2024
Today
1/13/2025
Fiscal Year End
9/30/2025

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
$12.63
High Stock Price Target
$15.00
Low Stock Price Target
$9.50
Potential Upside/Downside
+24.4%
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
$172.08 million
Cash Flow
$1.56 per share
Book Value
$4.50 per share

Miscellaneous

Free Float
45,234,000
Market Cap
$437.37 million
Optionable
Optionable
Beta
1.06

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This page (NASDAQ:MITK) was last updated on 1/14/2025 by MarketBeat.com Staff
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