Mitek Systems, Inc. (NASDAQ:MITK) CEO James B. Debello sold 28,361 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $8.91, for a total transaction of $252,696.51. Following the transaction, the chief executive officer now owns 844,726 shares of the company’s stock, valued at approximately $7,526,508.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Mitek Systems, Inc. (MITK) traded up $0.05 during midday trading on Thursday, reaching $9.00. 129,005 shares of the company’s stock traded hands, compared to its average volume of 329,479. Mitek Systems, Inc. has a 12 month low of $5.50 and a 12 month high of $10.75. The firm has a market cap of $312.97, a PE ratio of 23.68, a PEG ratio of 4.45 and a beta of 0.66.
Mitek Systems (NASDAQ:MITK) last issued its earnings results on Tuesday, November 7th. The software maker reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. Mitek Systems had a net margin of 31.05% and a return on equity of 11.49%. The business had revenue of $12.90 million during the quarter, compared to analysts’ expectations of $12.35 million. During the same quarter in the prior year, the business posted $0.07 EPS. The company’s revenue for the quarter was up 33.4% on a year-over-year basis. sell-side analysts expect that Mitek Systems, Inc. will post 0.13 EPS for the current year.
MITK has been the subject of several analyst reports. Zacks Investment Research cut shares of Mitek Systems from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. BidaskClub cut shares of Mitek Systems from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 6th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $10.80.
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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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