Media stories about Mitek Systems (NASDAQ:MITK) have trended somewhat positive on Wednesday, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news 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 coverage optimism score of 0.06 on Accern’s scale. Accern also assigned news headlines about the software maker an impact score of 45.8437081800797 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Shares of Mitek Systems traded up $0.10, reaching $9.10, during trading on Wednesday, Marketbeat.com reports. The company had a trading volume of 156,692 shares, compared to its average volume of 291,489. Mitek Systems has a one year low of $7.00 and a one year high of $10.75. The company has a market capitalization of $317.29 million, a price-to-earnings ratio of 43.33, a PEG ratio of 22.63 and a beta of 0.37.

Mitek Systems (NASDAQ:MITK) last issued its quarterly earnings data on Tuesday, May 1st. The software maker reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.02. Mitek Systems had a return on equity of 6.68% and a net margin of 12.89%. The business had revenue of $14.28 million for the quarter, compared to the consensus estimate of $13.41 million. During the same period last year, the business earned $0.08 EPS. The firm’s revenue was up 25.0% compared to the same quarter last year. sell-side analysts predict that Mitek Systems will post 0.03 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on the company. ValuEngine downgraded Mitek Systems from a “buy” rating to a “hold” rating in a research note on Friday, May 11th. BidaskClub raised Mitek Systems from a “hold” rating to a “buy” rating in a research note on Saturday, June 23rd. Finally, Zacks Investment Research raised Mitek Systems from a “sell” rating to a “hold” rating in a research note on Thursday, March 29th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $12.00.

In related news, CEO James B. Debello sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $8.48, for a total value of $424,000.00. Following the transaction, the chief executive officer now directly owns 787,340 shares of the company’s stock, valued at approximately $6,676,643.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bruce Edward Hansen sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of $8.73, for a total value of $349,200.00. Following the completion of the transaction, the director now directly owns 81,135 shares in the company, valued at $708,308.55. 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 three months. 7.50% of the stock is owned by company insiders.

About Mitek Systems

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.

Insider Buying and Selling by Quarter for Mitek Systems (NASDAQ:MITK)

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