Should I buy or sell Mitek Systems stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mitek Systems in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MITK shares. View MITK analyst ratings or view top-rated stocks .

What is Mitek Systems' stock price target for 2024?

2 brokerages have issued 1-year target prices for Mitek Systems' stock. Their MITK share price targets range from $19.00 to $19.00. On average, they anticipate the company's share price to reach $19.00 in the next year. This suggests a possible upside of 56.0% from the stock's current price. View analysts price targets for MITK or view top-rated stocks among Wall Street analysts .

How have MITK shares performed in 2024?

Mitek Systems' stock was trading at $13.04 at the beginning of 2024. Since then, MITK stock has decreased by 6.6% and is now trading at $12.18. View the best growth stocks for 2024 here .

When is Mitek Systems' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, September 12th 2024. View our MITK earnings forecast .

How were Mitek Systems' earnings last quarter?

Mitek Systems, Inc. (NASDAQ:MITK) announced its earnings results on Tuesday, March, 19th. The software maker reported $0.10 EPS for the quarter. The software maker earned $37.66 million during the quarter. Mitek Systems had a trailing twelve-month return on equity of 17.83% and a net margin of 4.25%.

What ETFs hold Mitek Systems' stock?

ETFs with the largest weight of Mitek Systems (NASDAQ:MITK) stock in their portfolio include SPDR S&P Software & Services ETF (XSW) . Invesco Nasdaq Future Gen 200 ETF (QQQS) .

What guidance has Mitek Systems issued on next quarter's earnings?

Mitek Systems issued an update on its FY 2024 earnings guidance on Tuesday, March, 19th. The company provided EPS guidance of for the period. The company issued revenue guidance of $180.0 million-$185.0 million, compared to the consensus revenue estimate of $182.0 million.

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.

What other stocks do shareholders of Mitek Systems own?

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

Who are Mitek Systems' major shareholders?

Mitek Systems' stock is owned by a variety of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.83%) and Mesirow Financial Investment Management Inc. (0.05%). Insiders that own company stock include Christopher H Briggs, Frank Teruel, Jason Gray , Jeffrey C Davison , Michael E Diamond , Scipio Maximus Carnecchia , Stephen Ritter and William K Aulet . 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 .

NASDAQ:MITK

Mitek Systems (MITK) Stock Price, News & Analysis

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$12.18

+0.20 (+1.67%)

(As of 04/19/2024 ET)

Compare

Today's Range: $11.83
▼
$12.23
50-Day Range: $11.34
▼
$14.83
52-Week Range: $8.77
▼
$16.24

Volume: 1.03 million shs
Average Volume: 743,787 shs
Market Capitalization: $569.90 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $19.00

Get Mitek Systems alerts:

Mitek Systems MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 56.0% Upside
$19.00 Price Target
Short Interest: Bearish
7.57% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.37
Based on 34 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 14.63%
From $0.82 to $0.94 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.

2.23 out of 5 stars

Computer And Technology Sector

390th out of 582 stocks

Computer Peripheral Equipment, Not Elsewhere Classified Industry

10th out of 13 stocks

3.5

Analyst's Opinion

Consensus Rating
Mitek Systems has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Mitek Systems has only been the subject of 2 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
7.57% 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 8.6.
Change versus previous month
Short interest in Mitek Systems has recently increased by 12.03%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Mitek Systems does not currently pay a dividend.
Dividend Growth
Mitek Systems does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MITK.

3.0

News and Social Media Coverage

News Sentiment
Mitek Systems has a news sentiment score of 0.37. 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 Week
MarketBeat has tracked 34 news articles for Mitek Systems this week, compared to 4 articles on an average week.
Search Interest
6 people have searched for MITK on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
8 people have added Mitek Systems to their MarketBeat watchlist in the last 30 days. This is an increase of 14% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Mitek Systems insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.40% 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.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Mitek Systems are expected to grow by 14.63% in the coming year, from $0.82 to $0.94 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Mitek Systems is -173.98, 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 -173.98, 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 2.71. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

MITK Stock News Headlines

April 20, 2024 | americanbankingnews.com

William Blair Equities Analysts Raise Earnings Estimates for Mitek Systems, Inc. (NASDAQ:MITK)

April 20, 2024 | americanbankingnews.com

HC Wainwright Brokers Cut Earnings Estimates for Mitek Systems, Inc. (NASDAQ:MITK)

April 20, 2024 | Altimetry (Ad)

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April 20, 2024 | americanbankingnews.com

Northland Capmk Analysts Increase Earnings Estimates for Mitek Systems, Inc. (NASDAQ:MITK)

April 18, 2024 | americanbankingnews.com

Mitek Systems (NASDAQ:MITK) Shares Gap Down to $14.83

April 18, 2024 | americanbankingnews.com

Mitek Systems (NASDAQ:MITK) Upgraded to Buy by StockNews.com

April 18, 2024 | americanbankingnews.com

Mitek Systems (NASDAQ:MITK) Sees Large Volume Increase After Analyst Upgrade

April 17, 2024 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Vuzix (VUZI) and Mitek Systems (MITK)

April 20, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

April 17, 2024 | finance.yahoo.com

Mitek Systems, Inc. (NASDAQ:MITK) Q1 2024 Earnings Call Transcript

April 17, 2024 | msn.com

Mitek Systems (MITK) Price Target Increased by 7.87% to 19.58

April 17, 2024 | americanbankingnews.com

Mitek Systems (NASDAQ:MITK) Hits New 52-Week High at $15.20

April 17, 2024 | americanbankingnews.com

Mitek Systems' (MITK) Buy Rating Reaffirmed at HC Wainwright

April 17, 2024 | americanbankingnews.com

Mitek Systems (NASDAQ:MITK) Price Target Raised to $19.00 at Craig Hallum

April 16, 2024 | msn.com

Update: MITK, April 16

April 16, 2024 | investorplace.com

Silent Surge: The 3 Stocks Quietly Making Millionaires

April 16, 2024 | finance.yahoo.com

Q1 2024 Mitek Systems Inc Earnings Call

April 16, 2024 | gurufocus.com

Mitek Systems Inc (MITK) Q1 2024 Earnings Call Transcript Highlights: A Mixed Bag of Growth and ...

April 16, 2024 | gurufocus.com

Mitek Systems Inc (MITK) Reports Mixed Q1 Results and Provides Q2 Revenue Outlook

April 16, 2024 | businesswire.com

CORRECTING and REPLACING Mitek Reports Fiscal 2024 First Quarter Financial Results and Provides Preliminary Second Quarter Revenue Results

April 15, 2024 | marketwatch.com

Mitek Systems Shares Fall 5.6% After 1Q Loss, Revenue Miss

April 15, 2024 | businesswire.com

Mitek Reports Fiscal 2024 First Quarter Financial Results and Provides Preliminary Second Quarter Revenue Results

April 14, 2024 | markets.businessinsider.com

Mitek Systems earnings preview: what to expect

April 12, 2024 | businesswire.com

Mitek to Report Fiscal 2024 First Quarter Financial Results on April 15, 2024

April 9, 2024 | businesswire.com

DataVisor Partners with Mitek to Strengthen Fraud Detection Ecosystem with Enhanced Check Fraud Protection

April 3, 2024 | finance.yahoo.com

Nasdaq Hearings Panel Grants Mitek’s Request for Continued Listing Pending Compliance with Filing Requirement

April 3, 2024 | businesswire.com

Nasdaq Hearings Panel Grants Mitek's Request for Continued Listing Pending Compliance with Filing Requirement

See More Headlines

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Company Calendar

Last Earnings: 3/19/2024
Today: 4/20/2024
Next Earnings (Estimated): 9/12/2024
Fiscal Year End: 9/30/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Computer peripheral equipment, not elsewhere classified
Sub-Industry: N/A
Current Symbol: NASDAQ:MITK
CUSIP: N/A
CIK: 807863
Web: www.miteksystems.com
Phone: (619) 269-6800
Fax: 619-269-6801
Employees: 573
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $19.00
High Stock Price Target: $19.00
Low Stock Price Target: $19.00
Potential Upside/Downside: +56.0%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.07)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 14.85
P/E Growth: N/A
Net Income: $8.03 million
Net Margins: 4.25%
Pretax Margin: 5.99%
Return on Equity: 17.83%
Return on Assets: 8.94%

Debt

Debt-to-Equity Ratio: 0.66
Current Ratio: 3.69
Quick Ratio: 3.69

Sales & Book Value

Annual Sales: $163.77 million
Price / Sales: 3.48
Cash Flow: $1.35 per share
Price / Cash Flow: 9.02
Book Value: $4.50 per share
Price / Book: 2.71

Miscellaneous

Outstanding Shares: 46,791,000
Free Float: 44,732,000
Market Cap: $569.91 million
Optionable: Optionable
Beta: 1.09

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Key Executives

Mr. Scipio Maximus Carnecchia (Age 61)
CEO & Director
Comp: $919.14k
Mr. Michael E. Diamond (Age 59)
Senior VP & GM of Digital Banking
Comp: $537.23k
Mr. Chris Briggs
Senior VP of Identity & Head of Products
Mr. David B. Lyle (Age 60)
Chief Financial Officer
Mr. Todd Kehrli
Investor Contacts
Mr. Jason L. Gray (Age 53)
Chief Legal Officer, Chief Compliance Officer & Corporate Secretary
Comp: $575.91k
Angela M. Romei
Corporate Communications Director
Ms. Cindy White
Chief Marketing Officer
Ms. Judith Ohrn Hicks (Age 60)
Senior Vice President of People Operations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MITK Stock Analysis - Frequently Asked Questions

Should I buy or sell Mitek Systems stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mitek Systems in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MITK shares.
View MITK analyst ratings or view top-rated stocks.
What is Mitek Systems' stock price target for 2024?: 2 brokerages have issued 1-year target prices for Mitek Systems' stock. Their MITK share price targets range from $19.00 to $19.00. On average, they anticipate the company's share price to reach $19.00 in the next year. This suggests a possible upside of 56.0% from the stock's current price.
View analysts price targets for MITK or view top-rated stocks among Wall Street analysts.
How have MITK shares performed in 2024?: Mitek Systems' stock was trading at $13.04 at the beginning of 2024. Since then, MITK stock has decreased by 6.6% and is now trading at $12.18.
View the best growth stocks for 2024 here.
When is Mitek Systems' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, September 12th 2024.
View our MITK earnings forecast.
How were Mitek Systems' earnings last quarter?: Mitek Systems, Inc. (NASDAQ:MITK) announced its earnings results on Tuesday, March, 19th. The software maker reported $0.10 EPS for the quarter. The software maker earned $37.66 million during the quarter. Mitek Systems had a trailing twelve-month return on equity of 17.83% and a net margin of 4.25%.
What ETFs hold Mitek Systems' stock?: ETFs with the largest weight of Mitek Systems (NASDAQ:MITK) stock in their portfolio include SPDR S&P Software & Services ETF (XSW).Invesco Nasdaq Future Gen 200 ETF (QQQS).

What guidance has Mitek Systems issued on next quarter's earnings?: Mitek Systems issued an update on its FY 2024 earnings guidance on Tuesday, March, 19th. The company provided EPS guidance of for the period. The company issued revenue guidance of $180.0 million-$185.0 million, compared to the consensus revenue estimate of $182.0 million.
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.
What other stocks do shareholders of Mitek Systems own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Mitek Systems investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Salesforce (CRM), Intel (INTC), Block (SQ), AbbVie (ABBV), PayPal (PYPL) and Cisco Systems (CSCO).
Who are Mitek Systems' major shareholders?: Mitek Systems' stock is owned by a variety of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.83%) and Mesirow Financial Investment Management Inc. (0.05%). Insiders that own company stock include Christopher H Briggs, Frank Teruel, Jason Gray, Jeffrey C Davison, Michael E Diamond, Scipio Maximus Carnecchia, Stephen Ritter and William K Aulet.
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.

This page (NASDAQ:MITK) was last updated on 4/20/2024 by MarketBeat.com Staff

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Mitek Systems (MITK) Stock Price, News & Analysis

Mitek Systems MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Mitek Systems Stock (NASDAQ:MITK)

MITK Stock Price History

MITK Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

MITK Stock Analysis - Frequently Asked Questions

Overall MarketRank^™