Mitek Systems (MITK) Getting Somewhat Favorable Media Coverage, Analysis Finds
Media headlines about Mitek Systems (NASDAQ:MITK) have trended somewhat positive on Monday, Accern Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mitek Systems earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media coverage about the software maker an impact score of 46.5877091217215 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Analysts Expect Mitek Systems, Inc. (MITK) to Post $0.02 Earnings Per Share (americanbankingnews.com)
- Mitek Systems, Inc. (MITK) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
- Q3 2018 Earnings Estimate for Mitek Systems, Inc. (MITK) Issued By William Blair (americanbankingnews.com)
- Michael E. Diamond Sells 4,854 Shares of Mitek Systems, Inc. (MITK) Stock (americanbankingnews.com)
- Mitek Systems, Inc. (MITK) CEO James B. Debello Sells 10,313 Shares (americanbankingnews.com)
Shares of Mitek Systems (NASDAQ:MITK) traded down $0.45 during mid-day trading on Monday, reaching $9.00. The company had a trading volume of 672,700 shares, compared to its average volume of 374,302. The stock has a market capitalization of $303.52, a PE ratio of 60.00, a P/E/G ratio of 4.50 and a beta of 0.69. Mitek Systems has a 52 week low of $5.26 and a 52 week high of $10.75.
Mitek Systems (NASDAQ:MITK) last announced its quarterly earnings results on Tuesday, November 7th. The software maker reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02. The company had revenue of $12.90 million during the quarter, compared to analysts’ expectations of $12.35 million. Mitek Systems had a return on equity of 12.72% and a net margin of 31.05%. Mitek Systems’s quarterly revenue was up 33.4% on a year-over-year basis. During the same period last year, the business earned $0.07 earnings per share. equities analysts predict that Mitek Systems will post 0.13 EPS for the current fiscal year.
MITK has been the subject of several research analyst reports. Benchmark Co. raised their price objective on Mitek Systems from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research cut Mitek Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Northland Securities restated a “buy” rating and issued a $11.00 price objective on shares of Mitek Systems in a research note on Tuesday, July 25th. Roth Capital set a $11.00 price objective on Mitek Systems and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Finally, BidaskClub upgraded Mitek Systems from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. Mitek Systems currently has an average rating of “Buy” and an average price target of $10.67.
In related news, CEO James B. Debello sold 10,313 shares of Mitek Systems stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $8.60, for a total transaction of $88,691.80. Following the completion of the transaction, the chief executive officer now directly 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, insider Michael E. Diamond sold 4,854 shares of Mitek Systems stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $8.60, for a total value of $41,744.40. Following the transaction, the insider now owns 167,499 shares of the company’s stock, valued at $1,440,491.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,649 shares of company stock valued at $134,581. 8.52% of the stock is 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.
Receive News & Ratings for Mitek Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitek Systems Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.