Somewhat Positive News Coverage Somewhat Unlikely to Impact Mitek Systems (MITK) Share Price

Media coverage about Mitek Systems (NASDAQ:MITK) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mitek Systems earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned news coverage about the software maker an impact score of 45.5156949076658 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:

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Mitek Systems stock traded up $0.05 during mid-day trading on Friday, hitting $7.45. The company’s stock had a trading volume of 217,543 shares, compared to its average volume of 290,522. The company has a market capitalization of $260.03, a PE ratio of 35.48, a P/E/G ratio of 6.21 and a beta of 0.47. Mitek Systems has a 12 month low of $6.75 and a 12 month high of $10.75.

Mitek Systems (NASDAQ:MITK) last posted its quarterly earnings results on Thursday, January 25th. The software maker reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. The business had revenue of $12.14 million during the quarter, compared to the consensus estimate of $11.57 million. Mitek Systems had a net margin of 18.57% and a return on equity of 9.45%. The firm’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.03 earnings per share. analysts predict that Mitek Systems will post 0.08 earnings per share for the current year.

Several analysts have weighed in on MITK shares. National Securities started coverage on shares of Mitek Systems in a research note on Friday, March 9th. They issued a “buy” rating and a $14.00 price target for the company. BidaskClub downgraded shares of Mitek Systems from a “sell” rating to a “strong sell” rating in a research note on Friday, December 29th. Finally, Zacks Investment Research downgraded shares of Mitek Systems from a “hold” rating to a “sell” rating in a research note on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Mitek Systems presently has an average rating of “Hold” and a consensus target price of $12.00.

In other news, insider Stephen Ritter sold 11,976 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $7.50, for a total transaction of $89,820.00. Following the completion of the transaction, the insider now directly owns 215,961 shares of the company’s stock, valued at $1,619,707.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.52% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Mitek Systems (NASDAQ:MITK)

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