Headlines about Mitek Systems (NASDAQ:MITK) have been trending positive recently, AlphaOne Sentiment reports. AlphaOne, a service of Accern, ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Mitek Systems earned a news sentiment score of 0.36 on AlphaOne’s scale. AlphaOne also gave media coverage about the company an impact score of 20 out of 100, indicating that recent media coverage is very unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted AlphaOne’s rankings:
- 4 Stocks Set to Trump Earnings in the Technology Space (finance.yahoo.com)
- EPS for 3M Co (MMM) Expected At $2.07; Mitek Systems (MITK) Has 1.19 Sentiment – UtahHerald.com (utahherald.com)
- Mitek lands mobile ID verification patent – Seeking Alpha (seekingalpha.com)
- Mitek Granted New Mobile ID Verification Patent (finance.yahoo.com)
- Mitek Announces $1 Trillion Deposited Through Mobile Deposit® (finance.yahoo.com)
Several equities research analysts have weighed in on MITK shares. Zacks Investment Research cut Mitek Systems from a “hold” rating to a “sell” rating in a research note on Saturday, December 17th. Roth Capital set a $9.00 target price on Mitek Systems and gave the stock a “buy” rating in a research note on Tuesday, December 20th. Needham & Company LLC cut their target price on Mitek Systems from $9.50 to $8.00 and set a “buy” rating for the company in a research note on Thursday, February 2nd. Finally, Benchmark Co. reiterated a “buy” rating on shares of Mitek Systems in a research note on Tuesday, March 21st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Mitek Systems presently has an average rating of “Buy” and a consensus price target of $8.70.
Shares of Mitek Systems (NASDAQ:MITK) traded down 0.69% on Thursday, hitting $7.15. The stock had a trading volume of 289,893 shares. Mitek Systems has a 1-year low of $5.26 and a 1-year high of $9.49. The firm has a 50-day moving average of $6.27 and a 200 day moving average of $6.45. The company has a market capitalization of $237.91 million, a PE ratio of 143.00 and a beta of 2.33.
Mitek Systems (NASDAQ:MITK) last released its quarterly earnings data on Thursday, February 2nd. The company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. Mitek Systems had a net margin of 4.58% and a return on equity of 11.03%. The business earned $9.30 million during the quarter, compared to analyst estimates of $8.74 million. During the same period in the previous year, the business earned $0.04 EPS. Mitek Systems’s revenue was up 25.7% compared to the same quarter last year. On average, equities analysts anticipate that Mitek Systems will post $0.28 earnings per share for the current fiscal year.
In related news, Director Vinton Paul Cunningham sold 30,000 shares of Mitek Systems stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $5.87, for a total value of $176,100.00. Following the completion of the transaction, the director now directly owns 181,600 shares in the company, valued at approximately $1,065,992. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.52% of the stock is currently owned by insiders.
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About Mitek Systems
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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