Mitek Systems, Inc. (NASDAQ:MITK) CEO James B. Debello sold 33,903 shares of Mitek Systems stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $8.56, for a total transaction of $290,209.68. Following the sale, the chief executive officer now directly owns 962,229 shares of the company’s stock, valued at approximately $8,236,680.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of Mitek Systems, Inc. (MITK) opened at $8.65 on Friday. The stock has a market cap of $291.71, a PE ratio of 57.67, a price-to-earnings-growth ratio of 4.33 and a beta of 0.69. Mitek Systems, Inc. has a twelve month low of $5.35 and a twelve month high of $10.75.

Mitek Systems (NASDAQ:MITK) last posted its quarterly earnings data on Tuesday, November 7th. The software maker reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.02. The firm had revenue of $12.90 million during the quarter, compared to the consensus estimate of $12.35 million. Mitek Systems had a net margin of 31.05% and a return on equity of 12.72%. The business’s revenue for the quarter was up 33.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.07 EPS. equities analysts anticipate that Mitek Systems, Inc. will post 0.13 earnings per share for the current year.

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MITK has been the subject of several research analyst reports. BidaskClub raised shares of Mitek Systems from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Zacks Investment Research downgraded shares of Mitek Systems from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Roth Capital set a $12.00 price objective on shares of Mitek Systems and gave the company a “buy” rating in a report on Friday, July 28th. Northland Securities reissued a “buy” rating and issued a $11.00 price objective on shares of Mitek Systems in a report on Tuesday, July 25th. Finally, Benchmark Co. boosted their price objective on shares of Mitek Systems from $10.00 to $12.00 and gave the company a “buy” rating in a report on Monday, July 24th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $10.67.

Several large investors have recently modified their holdings of MITK. Bank of New York Mellon Corp raised its position in shares of Mitek Systems by 4.0% in the 1st quarter. Bank of New York Mellon Corp now owns 99,118 shares of the software maker’s stock valued at $659,000 after buying an additional 3,857 shares in the last quarter. American International Group Inc. raised its position in shares of Mitek Systems by 7.1% in the 1st quarter. American International Group Inc. now owns 18,128 shares of the software maker’s stock valued at $121,000 after buying an additional 1,197 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Mitek Systems by 43.9% in the 1st quarter. TIAA CREF Investment Management LLC now owns 122,135 shares of the software maker’s stock valued at $812,000 after buying an additional 37,271 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Mitek Systems by 8.2% in the 1st quarter. Vanguard Group Inc. now owns 1,309,044 shares of the software maker’s stock valued at $8,705,000 after buying an additional 99,489 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Mitek Systems by 3.5% in the 1st quarter. Geode Capital Management LLC now owns 241,802 shares of the software maker’s stock valued at $1,607,000 after buying an additional 8,185 shares in the last quarter. Institutional investors own 42.40% of the company’s stock.

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.

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

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