News stories about Mitek Systems (NASDAQ:MITK) have been trending somewhat negative on Monday, Accern Sentiment reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Mitek Systems earned a daily sentiment score of -0.04 on Accern’s scale. Accern also assigned media headlines about the software maker an impact score of 44.1142507678417 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

MITK has been the subject of several recent research reports. BidaskClub raised Mitek Systems from a “hold” rating to a “buy” rating in a report on Saturday, August 11th. National Securities set a $18.00 price objective on Mitek Systems and gave the stock a “buy” rating in a report on Tuesday, August 28th. TheStreet lowered Mitek Systems from a “b” rating to a “c+” rating in a report on Friday, July 27th. ValuEngine lowered Mitek Systems from a “buy” rating to a “hold” rating in a report on Saturday, July 28th. Finally, Benchmark lowered Mitek Systems from a “buy” rating to a “hold” rating and set a $8.00 price objective for the company. in a report on Tuesday, August 28th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $13.00.

MITK traded up $0.15 during trading hours on Monday, hitting $7.50. The stock had a trading volume of 274,490 shares, compared to its average volume of 301,405. Mitek Systems has a 1 year low of $6.85 and a 1 year high of $10.15. The firm has a market cap of $277.81 million, a P/E ratio of 35.71, a price-to-earnings-growth ratio of 16.33 and a beta of 0.20.

Mitek Systems (NASDAQ:MITK) last announced its quarterly earnings data on Thursday, July 26th. The software maker reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.03. Mitek Systems had a return on equity of 4.74% and a net margin of 5.75%. The company had revenue of $16.10 million during the quarter, compared to analyst estimates of $15.33 million. During the same quarter last year, the firm posted $0.08 EPS. The firm’s revenue for the quarter was up 36.4% on a year-over-year basis. sell-side analysts predict that Mitek Systems will post 0.03 EPS for the current year.

In related news, Director James C. Hale III bought 20,000 shares of the business’s stock in a transaction on Friday, August 31st. The stock was acquired at an average price of $7.17 per share, for a total transaction of $143,400.00. Following the purchase, the director now directly owns 111,135 shares in the company, valued at $796,837.95. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James B. Debello sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $8.54, for a total value of $427,000.00. The disclosure for this sale can be found here. 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.

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

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