Mitek Systems (MITK) Receiving Somewhat Favorable Press Coverage, Accern Reports
Media stories about Mitek Systems (NASDAQ:MITK) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media 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 media sentiment score of 0.07 on Accern’s scale. Accern also assigned press coverage about the software maker an impact score of 46.4918378148526 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Chief Technology Officer of Mitek Systems Inc (NASDAQ:MITK), Ritter Stephen, sells 9,674 shares worth $82,713 (empowerednews.net)
- Mitek Systems, Inc. (MITK) Lifted to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Mitek Systems, Inc. (MITK) VP Sells $66,262.96 in Stock (americanbankingnews.com)
- Karel J. Marsal Sells 9,674 Shares of Mitek Systems, Inc. (MITK) Stock (americanbankingnews.com)
- Mitek Systems, Inc. (MITK) Insider Michael E. Diamond Sells 11,525 Shares (americanbankingnews.com)
Mitek Systems (NASDAQ MITK) traded down $0.13 during trading on Friday, hitting $8.65. 429,540 shares of the stock were exchanged, compared to its average volume of 428,793. Mitek Systems has a fifty-two week low of $5.35 and a fifty-two week high of $10.75. The stock has a market capitalization of $291.71, a price-to-earnings ratio of 57.67, a price-to-earnings-growth ratio of 4.33 and a beta of 0.69.
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 the Zacks’ consensus estimate of $0.09 by $0.02. Mitek Systems had a net margin of 31.05% and a return on equity of 12.72%. The business had revenue of $12.90 million during the quarter, compared to analyst estimates of $12.35 million. During the same quarter in the prior year, the firm earned $0.07 earnings per share. The company’s revenue for the quarter was up 33.4% compared to the same quarter last year. sell-side analysts anticipate that Mitek Systems will post 0.13 earnings per share for the current fiscal year.
Several brokerages recently commented on MITK. Benchmark Co. boosted their price target on shares of Mitek Systems from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Monday, July 24th. Northland Securities reissued a “buy” rating and issued a $11.00 price target on shares of Mitek Systems in a report on Tuesday, July 25th. BidaskClub raised shares of Mitek Systems from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Roth Capital set a $12.00 target price on shares of Mitek Systems and gave the stock a “buy” rating in a report on Friday, July 28th. Finally, Zacks Investment Research lowered shares of Mitek Systems from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $10.67.
In other news, VP Clark Sarah sold 7,741 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $8.56, for a total transaction of $66,262.96. Following the transaction, the vice president now owns 110,271 shares of the company’s stock, valued at approximately $943,919.76. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael E. Diamond sold 4,854 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $8.60, for a total transaction of $41,744.40. Following the transaction, the insider now directly owns 167,499 shares in the company, valued at approximately $1,440,491.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 140,703 shares of company stock worth $1,242,004. Corporate insiders own 8.52% of the company’s stock.
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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