Somewhat Favorable News Coverage Somewhat Unlikely to Affect Mitek Systems (MITK) Stock Price
News coverage about Mitek Systems (NASDAQ:MITK) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Mitek Systems earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the software maker an impact score of 46.2246819685801 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Yubico uses Mitek’s Mobile Verify® to Provide Secure Access to State and Local Government Services (it.tmcnet.com)
- Stock on Buy Line: Mitek Systems, Inc. (MITK) – Street Observer (press release) (streetobserver.com)
- Yubico uses Mitek’s Mobile Verify® to Provide Secure Access to State and Local Government Services (finance.yahoo.com)
- Market Corner: Viewing Technicals on shares of Mitek Systems Inc (MITK) – Akron Register (akronregister.com)
- ETFs with exposure to Mitek Systems, Inc. : October 2, 2017 (finance.yahoo.com)
Several equities research analysts have recently weighed in on MITK shares. Roth Capital set a $10.00 price target on Mitek Systems and gave the company a “buy” rating in a research note on Saturday, June 10th. BidaskClub raised Mitek Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research raised Mitek Systems from a “hold” rating to a “strong-buy” rating and set a $11.00 price target for the company in a research note on Friday, July 14th. Benchmark Co. increased their price target on Mitek Systems from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Monday, July 24th. Finally, Northland Securities reissued a “buy” rating and issued a $11.00 price target on shares of Mitek Systems in a research note on Tuesday, July 25th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $10.67.
Mitek Systems (MITK) traded up 0.52% during midday trading on Friday, reaching $9.70. The company had a trading volume of 148,752 shares. Mitek Systems has a one year low of $5.26 and a one year high of $10.75. The stock has a market capitalization of $325.77 million, a price-to-earnings ratio of 164.41 and a beta of 0.73. The company has a 50-day moving average price of $9.81 and a 200-day moving average price of $8.82.
Mitek Systems (NASDAQ:MITK) last announced its quarterly earnings results on Thursday, July 27th. The software maker reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. Mitek Systems had a return on equity of 10.45% and a net margin of 5.19%. The company had revenue of $11.80 million for the quarter, compared to the consensus estimate of $11.48 million. During the same quarter in the previous year, the business earned $0.07 EPS. Mitek Systems’s revenue was up 29.7% compared to the same quarter last year. On average, equities analysts expect that Mitek Systems will post $0.28 earnings per share for the current year.
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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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