Mitek Systems, Inc. (NASDAQ:MITK) insider Stephen Ritter sold 11,976 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $7.50, for a total transaction of $89,820.00. Following the transaction, the insider now owns 215,961 shares in the company, valued at approximately $1,619,707.50. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Stephen Ritter also recently made the following trade(s):
- On Wednesday, November 22nd, Stephen Ritter sold 10,000 shares of Mitek Systems stock. The shares were sold at an average price of $9.57, for a total transaction of $95,700.00.
Mitek Systems, Inc. (NASDAQ MITK) opened at $7.70 on Friday. Mitek Systems, Inc. has a twelve month low of $5.65 and a twelve month high of $10.75. The stock has a market cap of $273.99, a PE ratio of 56.07, a PEG ratio of 6.54 and a beta of 0.46.
Mitek Systems (NASDAQ:MITK) last posted its quarterly earnings data on Thursday, January 25th. The software maker reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. Mitek Systems had a net margin of 18.57% and a return on equity of 9.45%. The company had revenue of $12.14 million for the quarter, compared to the consensus estimate of $11.57 million. During the same quarter in the previous year, the firm posted $0.03 EPS. The business’s revenue was up 31.0% compared to the same quarter last year. equities analysts forecast that Mitek Systems, Inc. will post 0.08 earnings per share for the current year.
Several large investors have recently bought and sold shares of the company. MetLife Investment Advisors LLC acquired a new stake in shares of Mitek Systems during the 4th quarter valued at about $135,000. Symmetry Peak Management LLC acquired a new stake in shares of Mitek Systems during the 4th quarter valued at about $269,000. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Mitek Systems during the 4th quarter valued at about $364,000. Two Sigma Advisers LP acquired a new stake in shares of Mitek Systems during the 4th quarter valued at about $461,000. Finally, Deutsche Bank AG boosted its position in shares of Mitek Systems by 258.0% during the 4th quarter. Deutsche Bank AG now owns 192,550 shares of the software maker’s stock valued at $1,722,000 after acquiring an additional 138,766 shares in the last quarter. Institutional investors own 46.36% of the company’s stock.
Several research analysts recently commented on MITK shares. BidaskClub downgraded shares of Mitek Systems from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 6th. Zacks Investment Research downgraded shares of Mitek Systems from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $11.50.
Mitek Systems Company Profile
Mitek Systems, Inc develops, markets and sells mobile capture and identity verification software solutions for enterprise customers. The Company’s technology allows users to remotely deposit checks, open accounts, get insurance quotes, pay bills, as well as verify their identity by taking pictures of various documents with their camera-equipped smartphones and tablets instead of using the device keyboard.
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