Mitek Systems (MITK) Receiving Somewhat Positive Press Coverage, Accern Reports
Media coverage about Mitek Systems (NASDAQ:MITK) has trended somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern 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 media sentiment score of 0.08 on Accern’s scale. Accern also assigned news articles about the software maker an impact score of 46.5204897755976 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media stories that may have effected Accern’s rankings:
- Technology Stock to Buy: Mitek Systems, Inc. (MITK) – Street Observer (press release) (streetobserver.com)
- Mitek Systems, Inc. (NASDAQ:MITK) Expected to Announce Quarterly Sales of $12.21 Million (americanbankingnews.com)
- Reviewing Mitek Systems (NASDAQ:MITK) and China Mobile Games & Entnmnt Grp (CMGE) (americanbankingnews.com)
- Mitek’s Mobile Verify® Now Has NFC Capabilities, an Additional Factor of Authentication for Billions of Global Electronic IDs (finance.yahoo.com)
- Mitek Systems (NASDAQ:MITK) vs. China Mobile Games & Entnmnt Grp (CMGE) Head-To-Head Contrast (americanbankingnews.com)
A number of equities analysts have issued reports on the company. BidaskClub lowered Mitek Systems from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Zacks Investment Research downgraded Mitek Systems from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Roth Capital set a $12.00 price target on Mitek Systems and gave the company a “buy” rating in a report on Friday, July 28th. Northland Securities reiterated a “buy” rating and issued a $11.00 price target on shares of Mitek Systems in a report on Tuesday, July 25th. Finally, Benchmark Co. boosted their price target on Mitek Systems from $10.00 to $12.00 and gave the company a “buy” rating in a report on Monday, July 24th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $10.67.
Shares of Mitek Systems (MITK) traded up 1.59% during midday trading on Friday, hitting $9.60. The stock had a trading volume of 252,745 shares. Mitek Systems has a 12-month low of $5.26 and a 12-month high of $10.75. The firm has a market cap of $322.42 million, a PE ratio of 162.71 and a beta of 0.68. The firm has a 50-day moving average of $9.45 and a 200 day moving average of $7.75.
Mitek Systems (NASDAQ:MITK) last announced its quarterly earnings data on Thursday, July 27th. The software maker reported $0.10 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.02. Mitek Systems had a return on equity of 10.45% and a net margin of 5.19%. The company had revenue of $11.80 million during the quarter, compared to the consensus estimate of $11.48 million. During the same quarter last year, the company earned $0.07 EPS. The company’s quarterly revenue was up 29.7% on a year-over-year basis. On average, analysts expect that Mitek Systems will post $0.29 earnings per share for the current year.
In other Mitek Systems news, CFO Russell C. Clark sold 39,400 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $8.25, for a total value of $325,050.00. Following the completion of the sale, the chief financial officer now owns 88,818 shares in the company, valued at approximately $732,748.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.52% of the stock is currently owned by company insiders.
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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