GSA Capital Partners LLP bought a new stake in Mitek Systems Inc. (NASDAQ:MITK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 38,500 shares of the company’s stock, valued at approximately $274,000. GSA Capital Partners LLP owned approximately 0.12% of Mitek Systems at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of MITK. Menta Capital LLC raised its stake in Mitek Systems by 51.6% in the first quarter. Menta Capital LLC now owns 147,252 shares of the company’s stock valued at $963,000 after buying an additional 50,138 shares during the last quarter. Prospera Financial Services Inc raised its stake in Mitek Systems by 385.9% in the second quarter. Prospera Financial Services Inc now owns 73,220 shares of the company’s stock valued at $521,000 after buying an additional 58,150 shares during the last quarter. Bogle Investment Management L P DE purchased a new stake in Mitek Systems during the first quarter valued at about $919,000. Geode Capital Management LLC raised its stake in Mitek Systems by 16.8% in the first quarter. Geode Capital Management LLC now owns 203,965 shares of the company’s stock valued at $1,333,000 after buying an additional 29,406 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in Mitek Systems during the second quarter valued at about $237,000. 45.36% of the stock is currently owned by institutional investors and hedge funds.
Shares of Mitek Systems Inc. (NASDAQ:MITK) traded down 2.341% on Thursday, reaching $8.301. 211,044 shares of the company were exchanged. Mitek Systems Inc. has a 52-week low of $3.01 and a 52-week high of $9.49. The stock has a 50 day moving average of $7.98 and a 200-day moving average of $7.50. The company has a market capitalization of $271.67 million, a P/E ratio of 140.695 and a beta of 2.23.
Mitek Systems (NASDAQ:MITK) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The company had revenue of $9.10 million for the quarter, compared to analyst estimates of $8.31 million. Mitek Systems had a net margin of 5.94% and a return on equity of 14.96%. Mitek Systems’s quarterly revenue was up 41.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.07 earnings per share. On average, analysts predict that Mitek Systems Inc. will post $0.25 EPS for the current fiscal year.
Several equities research analysts have recently issued reports on MITK shares. Needham & Company LLC raised shares of Mitek Systems from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research note on Monday, July 11th. Zacks Investment Research lowered shares of Mitek Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 26th. TheStreet raised shares of Mitek Systems from a “hold” rating to a “buy” rating in a research note on Monday, July 25th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $9.75 price target on shares of Mitek Systems in a research note on Thursday, June 2nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Mitek Systems presently has a consensus rating of “Buy” and a consensus target price of $8.63.
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 camera-equipped smartphones and tablets instead of using the device keyboard.
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