Mitek Systems, Inc. (NASDAQ:MITK – Get Free Report) insider Michael E. Diamond sold 3,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $10.77, for a total value of $32,310.00. Following the sale, the insider now owns 218,471 shares of the company’s stock, valued at $2,352,932.67. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Mitek Systems Trading Up 2.3 %
Shares of NASDAQ:MITK opened at $10.97 on Monday. The stock has a 50 day moving average of $10.80 and a 200 day moving average of $10.73. The company has a market cap of $500.12 million, a PE ratio of 60.95 and a beta of 0.94. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.64. Mitek Systems, Inc. has a 12-month low of $8.60 and a 12-month high of $13.98.
Mitek Systems (NASDAQ:MITK – Get Free Report) last announced its quarterly earnings data on Thursday, October 26th. The software maker reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $43.07 million during the quarter. Mitek Systems had a return on equity of 19.55% and a net margin of 4.88%. As a group, equities research analysts expect that Mitek Systems, Inc. will post 0.76 EPS for the current year.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the company. HC Wainwright restated a “buy” rating and set a $19.00 price target on shares of Mitek Systems in a research note on Friday, September 15th. StockNews.com initiated coverage on Mitek Systems in a research note on Thursday, October 5th. They set a “buy” rating for the company.
Mitek Systems Company Profile
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.
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