Donna Wells Sells 16,839 Shares of Mitek Systems, Inc. (NASDAQ:MITK) Stock

Mitek Systems, Inc. (NASDAQ:MITKGet Free Report) Director Donna Wells sold 16,839 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $12.46, for a total transaction of $209,813.94. Following the transaction, the director now directly owns 38,552 shares in the company, valued at $480,357.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Mitek Systems Stock Down 3.0 %

MITK traded down $0.38 on Friday, reaching $12.29. 509,172 shares of the company traded hands, compared to its average volume of 513,532. The company has a debt-to-equity ratio of 0.65, a current ratio of 4.27 and a quick ratio of 4.27. The company has a market cap of $575.05 million, a price-to-earnings ratio of -78.06 and a beta of 1.07. The stock’s 50 day moving average price is $13.26 and its 200-day moving average price is $12.54. Mitek Systems, Inc. has a 52-week low of $9.47 and a 52-week high of $16.24.

Mitek Systems (NASDAQ:MITKGet Free Report) last posted its earnings results on Monday, May 13th. The software maker reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.04). The business had revenue of $46.97 million during the quarter, compared to analyst estimates of $46.49 million. Mitek Systems had a negative net margin of 4.49% and a positive return on equity of 11.71%. On average, sell-side analysts expect that Mitek Systems, Inc. will post 0.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MITK has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Mitek Systems from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. HC Wainwright reaffirmed a “buy” rating and set a $19.00 price objective on shares of Mitek Systems in a research report on Tuesday, May 14th. Finally, Craig Hallum boosted their price objective on shares of Mitek Systems from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th.

Get Our Latest Report on Mitek Systems

Institutional Trading of Mitek Systems

A number of institutional investors have recently added to or reduced their stakes in MITK. Covestor Ltd lifted its stake in Mitek Systems by 32.3% in the third quarter. Covestor Ltd now owns 6,107 shares of the software maker’s stock valued at $65,000 after acquiring an additional 1,492 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new stake in Mitek Systems in the first quarter valued at approximately $172,000. Principal Financial Group Inc. lifted its stake in Mitek Systems by 30.1% in the third quarter. Principal Financial Group Inc. now owns 17,136 shares of the software maker’s stock valued at $184,000 after acquiring an additional 3,960 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Mitek Systems by 60.3% in the fourth quarter. New York State Common Retirement Fund now owns 21,077 shares of the software maker’s stock valued at $275,000 after acquiring an additional 7,929 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Mitek Systems by 13.4% in the first quarter. Assenagon Asset Management S.A. now owns 20,738 shares of the software maker’s stock valued at $292,000 after acquiring an additional 2,457 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

About Mitek Systems

(Get Free Report)

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

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