HC Wainwright restated their buy rating on shares of Mitek Systems (NASDAQ:MITK – Free Report) in a report published on Friday, Benzinga reports. HC Wainwright currently has a $19.00 target price on the software maker’s stock.
Separately, StockNews.com assumed coverage on Mitek Systems in a research report on Thursday, August 17th. They set a buy rating for the company.
Mitek Systems Trading Down 2.9 %
Mitek Systems (NASDAQ:MITK – Get Free Report) last announced its quarterly earnings data on Thursday, September 14th. The software maker reported $0.25 EPS for the quarter. Mitek Systems had a return on equity of 19.20% and a net margin of 3.46%. The firm had revenue of $45.31 million during the quarter. As a group, analysts predict that Mitek Systems will post 0.7 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Mitek Systems
Large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its stake in shares of Mitek Systems by 88.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,142 shares of the software maker’s stock valued at $29,000 after buying an additional 1,475 shares in the last quarter. Point72 Middle East FZE bought a new stake in shares of Mitek Systems in the 4th quarter valued at approximately $40,000. Covestor Ltd grew its stake in shares of Mitek Systems by 115,275.0% in the 2nd quarter. Covestor Ltd now owns 4,615 shares of the software maker’s stock valued at $50,000 after buying an additional 4,611 shares in the last quarter. Quarry LP grew its stake in shares of Mitek Systems by 536.0% in the 1st quarter. Quarry LP now owns 4,738 shares of the software maker’s stock valued at $45,000 after buying an additional 3,993 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Mitek Systems by 66.4% in the 3rd quarter. Royal Bank of Canada now owns 4,954 shares of the software maker’s stock valued at $46,000 after buying an additional 1,977 shares in the last quarter. Institutional investors own 74.83% of the company’s stock.
About Mitek Systems
Mitek Systems, Inc provides mobile image capture and digital identity verification solutions worldwide. Its product portfolio includes Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications; and Mobile Fill, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion.
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