Mitek Systems (MITK) Getting Somewhat Favorable Media Coverage, Study Finds
Media coverage about Mitek Systems (NASDAQ:MITK) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive news coverage by analyzing more than twenty 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 media sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the software maker an impact score of 46.428376266087 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Several brokerages have weighed in on MITK. Zacks Investment Research upgraded Mitek Systems from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective for the company in a research report on Friday, July 14th. Benchmark Co. boosted their price objective on Mitek Systems from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Monday, July 24th. BidaskClub downgraded Mitek Systems from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Roth Capital set a $11.00 price objective on Mitek Systems and gave the company a “buy” rating in a research report on Wednesday, July 19th. Finally, Northland Securities reiterated a “buy” rating and issued a $11.00 price objective on shares of Mitek Systems in a research report on Tuesday, July 25th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $10.67.
Shares of Mitek Systems (NASDAQ:MITK) traded up 0.53% during mid-day trading on Thursday, reaching $9.55. The company’s stock had a trading volume of 208,134 shares. Mitek Systems has a 52-week low of $5.26 and a 52-week high of $10.75. The company has a market cap of $320.74 million, a PE ratio of 161.86 and a beta of 0.73. The company has a 50-day moving average price of $9.75 and a 200 day moving average price of $8.91.
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 Zacks’ consensus estimate of $0.08 by $0.02. The firm had revenue of $11.80 million during the quarter, compared to analysts’ expectations of $11.48 million. Mitek Systems had a return on equity of 5.56% and a net margin of 5.22%. The company’s quarterly revenue was up 29.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.07 EPS. 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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