Mitek Systems, Inc. (NASDAQ:MITK) CEO James B. Debello sold 29,550 shares of the business’s stock in a transaction on Thursday, January 3rd. The shares were sold at an average price of $11.12, for a total transaction of $328,596.00. Following the sale, the chief executive officer now directly owns 591,911 shares in the company, valued at approximately $6,582,050.32. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
MITK opened at $10.87 on Friday. The firm has a market cap of $418.72 million, a PE ratio of 83.62, a PEG ratio of 3.81 and a beta of -0.47. Mitek Systems, Inc. has a one year low of $6.32 and a one year high of $11.43.
Mitek Systems (NASDAQ:MITK) last released its quarterly earnings results on Thursday, November 1st. The software maker reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $21.00 million during the quarter, compared to analyst estimates of $20.09 million. Mitek Systems had a negative net margin of 18.58% and a positive return on equity of 5.49%. The business’s revenue for the quarter was up 62.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 EPS. As a group, sell-side analysts anticipate that Mitek Systems, Inc. will post 0.19 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on the stock. ValuEngine raised shares of Mitek Systems from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 2nd. BidaskClub raised shares of Mitek Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 1st. Benchmark raised shares of Mitek Systems from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Tuesday, November 27th. Zacks Investment Research raised shares of Mitek Systems from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Tuesday, November 6th. Finally, National Securities set a $18.00 target price on shares of Mitek Systems and gave the company a “buy” rating in a report on Friday, November 2nd. Three research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Mitek Systems presently has a consensus rating of “Buy” and an average price target of $13.67.
About Mitek Systems
Mitek Systems, Inc develops, markets, and sells mobile image capture and identity verification software solutions in the United States, Europe, Latin America, and internationally. The company's solutions are embedded in native mobile apps and mobile optimized Websites to enhance mobile user experiences, fraud detection and reduction, and compliant transactions.
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