Other research analysts also recently issued research reports about the company. Northland Securities lowered their price target on Mitek Systems from $20.00 to $15.00 in a report on Wednesday, May 25th. Maxim Group reiterated a buy rating and set a $28.00 price target on shares of Mitek Systems in a report on Friday, April 29th. HC Wainwright lowered their price target on Mitek Systems from $27.00 to $22.00 in a report on Friday, April 29th. Finally, TheStreet cut Mitek Systems from a b- rating to a c+ rating in a research report on Tuesday, May 3rd. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of Buy and a consensus price target of $21.67.
Shares of NASDAQ MITK opened at $8.87 on Monday. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $393.36 million, a price-to-earnings ratio of 38.57 and a beta of 0.63. The stock’s fifty day simple moving average is $10.13 and its 200 day simple moving average is $13.64. Mitek Systems has a 52-week low of $8.32 and a 52-week high of $23.29.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC acquired a new stake in Mitek Systems during the fourth quarter valued at $30,000. Engineers Gate Manager LP acquired a new stake in shares of Mitek Systems in the first quarter worth about $175,000. Tatro Capital LLC lifted its position in shares of Mitek Systems by 13.0% in the fourth quarter. Tatro Capital LLC now owns 12,811 shares of the software maker’s stock worth $227,000 after buying an additional 1,478 shares during the last quarter. MQS Management LLC acquired a new stake in shares of Mitek Systems in the first quarter worth about $192,000. Finally, Wedbush Securities Inc. lifted its position in shares of Mitek Systems by 13.8% in the fourth quarter. Wedbush Securities Inc. now owns 20,675 shares of the software maker’s stock worth $367,000 after buying an additional 2,500 shares during the last quarter. 66.93% of the stock is owned by hedge funds and other institutional investors.
Mitek Systems Company Profile (Get Rating)
Mitek Systems, Inc develops, markets, and sells mobile image capture and digital identity verification solutions in the United States, Europe, Latin America, and internationally. The company's solutions are embedded in native mobile apps and web browsers to facilitate digital consumer experiences.
- Get a free copy of the StockNews.com research report on Mitek Systems (MITK)
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