Mitek Systems, Inc. (MITK) COO Karel J. Marsal Sells 9,674 Shares

Mitek Systems, Inc. (NASDAQ:MITK) COO Karel J. Marsal sold 9,674 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $8.56, for a total transaction of $82,809.44. Following the sale, the chief operating officer now directly owns 120,542 shares of the company’s stock, valued at approximately $1,031,839.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Mitek Systems, Inc. (NASDAQ:MITK) traded down $0.13 on Friday, reaching $8.65. 429,540 shares of the company were exchanged, compared to its average volume of 373,294. The firm has a market cap of $296.40, a P/E ratio of 59.67, a PEG ratio of 4.47 and a beta of 0.69. Mitek Systems, Inc. has a 12-month low of $5.35 and a 12-month high of $10.75.

Mitek Systems (NASDAQ:MITK) last issued its quarterly earnings data on Tuesday, November 7th. The software maker reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.02. Mitek Systems had a net margin of 31.05% and a return on equity of 12.72%. The company had revenue of $12.90 million during the quarter, compared to the consensus estimate of $12.35 million. During the same quarter last year, the company earned $0.07 earnings per share. Mitek Systems’s revenue for the quarter was up 33.4% on a year-over-year basis. equities analysts predict that Mitek Systems, Inc. will post 0.13 earnings per share for the current fiscal year.

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Large investors have recently modified their holdings of the business. Prudential Financial Inc. acquired a new stake in Mitek Systems in the third quarter valued at approximately $101,000. Chevy Chase Trust Holdings Inc. acquired a new stake in Mitek Systems in the third quarter valued at approximately $102,000. Burt Wealth Advisors acquired a new stake in Mitek Systems in the second quarter valued at approximately $105,000. LLBH Private Wealth Management LLC acquired a new stake in Mitek Systems in the second quarter valued at approximately $109,000. Finally, American International Group Inc. grew its position in Mitek Systems by 7.1% in the first quarter. American International Group Inc. now owns 18,128 shares of the software maker’s stock valued at $121,000 after acquiring an additional 1,197 shares in the last quarter. 42.40% of the stock is owned by institutional investors.

MITK has been the subject of a number of research analyst reports. Benchmark Co. increased their target price on shares of Mitek Systems from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research downgraded shares of Mitek Systems from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Northland Securities reissued a “buy” rating and set a $11.00 target price on shares of Mitek Systems in a research report on Tuesday, July 25th. BidaskClub raised shares of Mitek Systems from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Finally, Roth Capital set a $12.00 target price on shares of Mitek Systems and gave the stock a “buy” rating in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Mitek Systems currently has a consensus rating of “Buy” and an average target price of $10.67.

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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