Media headlines about Mitek Systems (NASDAQ:MITK) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Mitek Systems earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave press coverage about the software maker an impact score of 45.5303772162909 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of Mitek Systems from a “hold” rating to a “sell” rating in a report on Friday, November 24th. BidaskClub raised shares of Mitek Systems from a “strong sell” rating to a “sell” rating in a report on Thursday, January 18th. Finally, National Securities assumed coverage on shares of Mitek Systems in a report on Friday, March 9th. They set a “buy” rating and a $14.00 price objective for the company. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $12.00.
Mitek Systems (MITK) opened at $8.37 on Wednesday. Mitek Systems has a 1-year low of $5.65 and a 1-year high of $10.75. The company has a market cap of $289.69, a PE ratio of 23.06, a P/E/G ratio of 7.13 and a beta of 0.47.
In related news, insider Stephen Ritter sold 11,976 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $7.50, for a total value of $89,820.00. Following the completion of the transaction, the insider now owns 215,961 shares of the company’s stock, valued at approximately $1,619,707.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO James B. Debello sold 28,361 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $8.91, for a total transaction of $252,696.51. Following the completion of the transaction, the chief executive officer now directly owns 844,726 shares of the company’s stock, valued at approximately $7,526,508.66. The disclosure for this sale can be found here. 7.50% of the stock is currently owned by company insiders.
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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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