Mitek Systems (MITK) Given News Sentiment Rating of 0.10
Headlines about Mitek Systems (NASDAQ:MITK) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mitek Systems earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned press coverage about the software maker an impact score of 45.8712650451893 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern’s rankings:
- Mitek Systems, Inc. (MITK) Expected to Announce Quarterly Sales of $11.55 Million (americanbankingnews.com)
- $0.02 Earnings Per Share Expected for Mitek Systems, Inc. (MITK) This Quarter (americanbankingnews.com)
- James B. Debello Sells 28,361 Shares of Mitek Systems, Inc. (MITK) Stock (americanbankingnews.com)
- ETFs with exposure to Mitek Systems, Inc. : January 1, 2018 (finance.yahoo.com)
- Mitek Systems, Inc. (MITK) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
MITK has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Mitek Systems from a “sell” rating to a “hold” rating in a report on Friday, December 15th. BidaskClub raised shares of Mitek Systems from a “strong sell” rating to a “sell” rating in a report on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Mitek Systems presently has an average rating of “Hold” and a consensus price target of $10.80.
Mitek Systems (NASDAQ:MITK) last released its quarterly earnings results on Tuesday, November 7th. The software maker reported $0.11 EPS for the quarter, beating the consensus estimate of $0.09 by $0.02. Mitek Systems had a net margin of 31.05% and a return on equity of 11.49%. The business had revenue of $12.90 million for the quarter, compared to analyst estimates of $12.35 million. During the same period in the prior year, the business earned $0.07 earnings per share. The company’s quarterly revenue was up 33.4% on a year-over-year basis. research analysts expect that Mitek Systems will post 0.13 EPS for the current fiscal year.
In related news, CEO James B. Debello sold 10,313 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $8.60, for a total transaction of $88,691.80. Following the sale, the chief executive officer now owns 909,903 shares in the company, valued at $7,825,165.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James B. Debello sold 28,361 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $8.91, for a total transaction of $252,696.51. Following the sale, the chief executive officer now owns 844,726 shares in the company, valued at approximately $7,526,508.66. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 234,303 shares of company stock worth $2,065,223. 8.52% of the stock is owned by company insiders.
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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