Somewhat Favorable News Coverage Somewhat Unlikely to Impact Mitek Systems (NASDAQ:MITK) Share Price

News stories about Mitek Systems (NASDAQ:MITK) have trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mitek Systems earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news articles about the software maker an impact score of 45.5303772162909 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media stories that may have impacted Accern Sentiment’s analysis:

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NASDAQ MITK traded up $0.05 during trading hours on Thursday, hitting $7.40. 211,233 shares of the company traded hands, compared to its average volume of 358,734. Mitek Systems has a twelve month low of $6.65 and a twelve month high of $10.75. The stock has a market capitalization of $256.54, a PE ratio of 35.24, a price-to-earnings-growth ratio of 6.13 and a beta of 0.47.

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

Several brokerages recently commented on MITK. National Securities began coverage on Mitek Systems in a research report on Friday, March 9th. They set a “buy” rating and a $14.00 price target for the company. BidaskClub cut Mitek Systems from a “sell” rating to a “strong sell” rating in a research report on Friday, December 29th. Finally, Zacks Investment Research raised Mitek Systems from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Mitek Systems currently has an average rating of “Hold” and an average price target of $12.00.

In other Mitek Systems news, insider Stephen Ritter sold 11,976 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $7.50, for a total value of $89,820.00. Following the sale, the insider now owns 215,961 shares in the company, valued at $1,619,707.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.52% of the stock is owned by corporate 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.

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

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