News stories about Mitek Systems (NASDAQ:MITK) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mitek Systems earned a news impact score of 0.08 on Accern’s scale. Accern also gave news articles about the software maker an impact score of 46.2214728007422 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Mitek Systems, Inc. (MITK) Expected to Announce Quarterly Sales of $15.34 Million (americanbankingnews.com)
- Mitek Systems, Inc. (MITK) CFO Sells $121,774.20 in Stock (americanbankingnews.com)
- Zacks: Analysts Expect Mitek Systems, Inc. (MITK) Will Announce Earnings of $0.04 Per Share (americanbankingnews.com)
- Why Mitek Systems Inc (NASDAQ:MITK) Could Be A Buy (finance.yahoo.com)
- Mitek Systems, Inc. (MITK) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com)
NASDAQ:MITK traded down $0.40 during mid-day trading on Wednesday, reaching $8.85. The company’s stock had a trading volume of 17,162 shares, compared to its average volume of 250,837. Mitek Systems has a twelve month low of $7.00 and a twelve month high of $10.75. The firm has a market cap of $329.56 million, a price-to-earnings ratio of 42.14, a PEG ratio of 23.50 and a beta of 0.42.
Mitek Systems (NASDAQ:MITK) last issued its quarterly earnings results on Tuesday, May 1st. The software maker reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. Mitek Systems had a return on equity of 6.68% and a net margin of 12.89%. The firm had revenue of $14.28 million for the quarter, compared to analyst estimates of $13.41 million. During the same period last year, the company earned $0.08 EPS. The firm’s quarterly revenue was up 25.0% on a year-over-year basis. equities analysts predict that Mitek Systems will post 0.03 earnings per share for the current year.
A number of analysts recently commented on MITK shares. National Securities initiated coverage on Mitek Systems in a research report on Friday, March 9th. They set a “buy” rating and a $14.00 price objective for the company. Zacks Investment Research raised Mitek Systems from a “sell” rating to a “hold” rating in a research note on Thursday, March 29th. BidaskClub raised Mitek Systems from a “strong sell” rating to a “sell” rating in a research note on Wednesday, April 18th. Finally, ValuEngine raised Mitek Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $12.00.
In other news, insider Stephen Ritter sold 8,977 shares of Mitek Systems stock in a transaction dated Friday, June 8th. The stock was sold at an average price of $8.83, for a total value of $79,266.91. Following the transaction, the insider now directly owns 206,984 shares of the company’s stock, valued at approximately $1,827,668.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jason Gray sold 7,452 shares of Mitek Systems stock in a transaction dated Friday, April 27th. The shares were sold at an average price of $7.90, for a total value of $58,870.80. Following the completion of the transaction, the insider now directly owns 83,536 shares in the company, valued at $659,934.40. The disclosure for this sale can be found here. Insiders sold a total of 121,934 shares of company stock worth $1,051,797 over the last ninety days. Corporate insiders own 7.50% of the company’s stock.
Mitek Systems Company Profile
Mitek Systems, Inc develops, markets, and sells mobile image capture and identity verification software solutions for enterprise customers worldwide. The company's solutions are embedded in native mobile apps and mobile optimized Websites to enhance mobile user experiences and transactions. It offers Mobile Deposit that allows individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; Mobile Verify, an identity verification solution that can be integrated into mobile apps, mobile Websites, and desktop applications; Mobile Fill to pre-fill forms with personal data by simply snapping a picture of the consumer's driver license, credit card, or other document; Mobile Docs, a mobile document scanning solution; and MiSnap Multi-Check Capture, a software development kit that banks embed in their business banking app that facilitates capture of various checks in one deposit session.
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