Mitek Systems, Inc. (NASDAQ:MITK) VP Clark Sarah sold 7,741 shares of Mitek Systems stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $8.56, for a total value of $66,262.96. Following the transaction, the vice president now owns 110,271 shares in the company, valued at approximately $943,919.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Clark Sarah also recently made the following trade(s):
- On Tuesday, November 7th, Clark Sarah sold 482 shares of Mitek Systems stock. The stock was sold at an average price of $8.60, for a total value of $4,145.20.
Mitek Systems, Inc. (NASDAQ MITK) traded down $0.13 during trading hours on Friday, reaching $8.65. The company’s stock had a trading volume of 429,540 shares, compared to its average volume of 428,793. Mitek Systems, Inc. has a 12 month low of $5.35 and a 12 month high of $10.75. The stock has a market capitalization of $291.71, a P/E ratio of 57.67, a P/E/G ratio of 4.33 and a beta of 0.69.
Mitek Systems (NASDAQ:MITK) last posted its earnings results on Tuesday, November 7th. The software maker reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.02. Mitek Systems had a return on equity of 12.72% and a net margin of 31.05%. The company had revenue of $12.90 million for the quarter, compared to the consensus estimate of $12.35 million. During the same quarter in the previous year, the business earned $0.07 earnings per share. The company’s revenue for the quarter was up 33.4% on a year-over-year basis. research analysts anticipate that Mitek Systems, Inc. will post 0.13 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently modified their holdings of MITK. Independent Advisor Alliance acquired a new stake in shares of Mitek Systems in the third quarter valued at $4,185,000. Archon Capital Management LLC grew its stake in shares of Mitek Systems by 70.4% in the second quarter. Archon Capital Management LLC now owns 858,922 shares of the software maker’s stock valued at $7,215,000 after buying an additional 354,952 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Mitek Systems by 3,097.1% in the first quarter. Goldman Sachs Group Inc. now owns 365,585 shares of the software maker’s stock valued at $2,431,000 after buying an additional 354,150 shares in the last quarter. Unterberg Capital LLC grew its stake in shares of Mitek Systems by 195.1% in the second quarter. Unterberg Capital LLC now owns 370,000 shares of the software maker’s stock valued at $3,108,000 after buying an additional 244,600 shares in the last quarter. Finally, Wedge Capital Management L L P NC acquired a new stake in shares of Mitek Systems in the third quarter valued at $1,681,000. 42.40% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently commented on the company. BidaskClub downgraded Mitek Systems from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Roth Capital set a $12.00 target price on Mitek Systems and gave the company a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded Mitek Systems from a “sell” rating to a “hold” rating in a research report on Saturday. Northland Securities restated a “buy” rating and issued a $11.00 target price on shares of Mitek Systems in a research report on Tuesday, July 25th. Finally, Benchmark Co. lifted their target price on Mitek Systems from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Monday, July 24th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $10.67.
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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