Karel J. Marsal Sells 9,674 Shares of Mitek Systems, Inc. (MITK) Stock
Mitek Systems, Inc. (NASDAQ:MITK) COO Karel J. Marsal sold 9,674 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $8.56, for a total value of $82,809.44. Following the completion of the sale, the chief operating officer now owns 120,542 shares in the company, valued at $1,031,839.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Mitek Systems, Inc. (MITK) traded down $0.12 during trading hours on Friday, reaching $8.65. The company had a trading volume of 429,542 shares, compared to its average volume of 373,294. The firm has a market capitalization of $296.40, a price-to-earnings ratio of 59.67, a P/E/G ratio of 4.47 and a beta of 0.69. Mitek Systems, Inc. has a 1 year low of $5.35 and a 1 year high of $10.75.
Mitek Systems (NASDAQ:MITK) last released its earnings results on Tuesday, November 7th. The software maker reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The firm had revenue of $12.90 million for the quarter, compared to analyst estimates of $12.35 million. Mitek Systems had a return on equity of 12.72% and a net margin of 31.05%. Mitek Systems’s revenue was up 33.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.07 earnings per share. research analysts anticipate that Mitek Systems, Inc. will post 0.13 EPS for the current year.
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A number of research analysts have recently commented on MITK shares. Zacks Investment Research lowered Mitek Systems from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Benchmark Co. raised their price target on Mitek Systems from $10.00 to $12.00 and gave the company a “buy” rating in a report on Monday, July 24th. Northland Securities reissued a “buy” rating and set a $11.00 price target on shares of Mitek Systems in a report on Tuesday, July 25th. Roth Capital set a $12.00 price target on Mitek Systems and gave the company a “buy” rating in a report on Friday, July 28th. Finally, BidaskClub raised Mitek Systems from a “hold” rating to a “buy” rating in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $10.67.
Large investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. acquired a new position in Mitek Systems during the third quarter worth about $101,000. Chevy Chase Trust Holdings Inc. acquired a new position in Mitek Systems during the third quarter worth about $102,000. Burt Wealth Advisors acquired a new position in Mitek Systems during the second quarter worth about $105,000. LLBH Private Wealth Management LLC acquired a new position in Mitek Systems during the second quarter worth about $109,000. Finally, American International Group Inc. grew its holdings in Mitek Systems by 7.1% during the first quarter. American International Group Inc. now owns 18,128 shares of the software maker’s stock worth $121,000 after acquiring an additional 1,197 shares during the period. 42.40% of the stock is currently owned by hedge funds and other institutional investors.
About Mitek Systems
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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