Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Mitek Systems (MITK) Share Price
News articles about Mitek Systems (NASDAQ:MITK) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mitek Systems earned a news impact score of 0.15 on Accern’s scale. Accern also gave news headlines about the software maker an impact score of 46.5322809559081 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- Mitek Systems Inc (MITK) Mesa Adaptive MA Sitting Above FAMA – Evergreen Caller (evergreencaller.com)
- Mitek Systems, Inc. (MITK) – Lookout Watch List stock – Wall Street Morning (wallstreetmorning.com)
- Mitek Systems Inc (MITK) CMF Reading Holds Above Zero – Evergreen Caller (evergreencaller.com)
- Investors Sell Netflix, Inc. (NFLX) on Strength on Insider Selling (wisdomsave.com)
- Comparing China Mobile Games & Entnmnt Grp (CMGE) and Mitek Systems (MITK) (americanbankingnews.com)
Shares of Mitek Systems (MITK) traded down 0.49% during mid-day trading on Thursday, reaching $10.15. The company’s stock had a trading volume of 241,994 shares. The stock has a market capitalization of $340.89 million, a P/E ratio of 172.03 and a beta of 0.68. Mitek Systems has a 12 month low of $5.26 and a 12 month high of $10.75. The company has a 50 day moving average price of $9.88 and a 200 day moving average price of $8.02.
Mitek Systems (NASDAQ:MITK) last released its earnings results on Thursday, July 27th. The software maker reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.02. Mitek Systems had a net margin of 5.19% and a return on equity of 10.45%. The business had revenue of $11.80 million during the quarter, compared to analysts’ expectations of $11.48 million. During the same quarter last year, the company earned $0.07 earnings per share. The firm’s revenue was up 29.7% on a year-over-year basis. On average, equities research analysts anticipate that Mitek Systems will post $0.28 earnings per share for the current fiscal year.
Several research analysts recently commented on the company. BidaskClub upgraded Mitek Systems from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Zacks Investment Research cut Mitek Systems from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Roth Capital set a $12.00 price target on Mitek Systems and gave the stock a “buy” rating in a research note on Friday, July 28th. Northland Securities reiterated a “buy” rating and issued a $11.00 price target on shares of Mitek Systems in a research note on Tuesday, July 25th. Finally, Benchmark Co. boosted their price target on Mitek Systems from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Monday, July 24th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $10.67.
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In related news, CFO Russell C. Clark sold 39,400 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $8.25, for a total value of $325,050.00. Following the completion of the sale, the chief financial officer now owns 88,818 shares in the company, valued at $732,748.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 8.52% of the stock is currently 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.
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