Mitek Systems (MITK) Given Daily Coverage Optimism Score of 0.16
Media headlines about Mitek Systems (NASDAQ:MITK) have been trending somewhat positive on Monday, according to Accern Sentiment. The research group scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Mitek Systems earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the software maker an impact score of 45.8077762740834 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- Mitek Systems, Inc. (MITK) Expected to Post Quarterly Sales of $12.21 Million (americanbankingnews.com)
- Mitek Systems, Inc. – Value Analysis (NASDAQ:MITK) : September 14, 2017 (finance.yahoo.com)
- Mitek Joins PayPal, Deloitte and Alphabet on Panel at Mobile World Congress Americas (finance.yahoo.com)
- Mitek Systems, Inc. breached its 50 day moving average in a Bullish Manner : MITK-US : September 12, 2017 (finance.yahoo.com)
Shares of Mitek Systems (MITK) traded up 1.02% during trading on Monday, hitting $9.90. 330,561 shares of the stock traded hands. Mitek Systems has a one year low of $5.26 and a one year high of $10.75. The firm has a 50 day moving average price of $9.90 and a 200-day moving average price of $8.42. The company has a market cap of $332.49 million, a PE ratio of 167.80 and a beta of 0.65.
Mitek Systems (NASDAQ:MITK) last announced its earnings results on Thursday, July 27th. The software maker reported $0.10 EPS for the quarter, topping the consensus estimate of $0.08 by $0.02. The firm had revenue of $11.80 million for the quarter, compared to the consensus estimate of $11.48 million. Mitek Systems had a net margin of 5.19% and a return on equity of 10.45%. The business’s quarterly revenue was up 29.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 EPS. Analysts anticipate that Mitek Systems will post $0.28 earnings per share for the current fiscal year.
MITK has been the subject of a number of analyst reports. ValuEngine raised shares of Mitek Systems from a “sell” rating to a “hold” rating in a research report on Saturday, June 3rd. Roth Capital set a $10.00 price objective on shares of Mitek Systems and gave the company a “buy” rating in a research report on Saturday, June 10th. Zacks Investment Research raised shares of Mitek Systems from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. BidaskClub raised shares of Mitek Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Finally, Benchmark Co. upped their price objective on shares of Mitek Systems from $10.00 to $12.00 and gave the company a “buy” rating in a research 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. Mitek Systems presently has a consensus rating of “Buy” and an average target price of $10.67.
In related news, CFO Russell C. Clark sold 39,400 shares of Mitek Systems stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $8.25, for a total value of $325,050.00. Following the transaction, the chief financial officer now owns 88,818 shares in the company, valued at approximately $732,748.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.52% 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.
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