Mitek Systems Inc (NASDAQ:MITK) Institutional Investor Sentiment Analysis

Mitek Systems, Inc. (NASDAQ:MITK) Logo

Sentiment for Mitek Systems Inc (NASDAQ:MITK)

Mitek Systems Inc (NASDAQ:MITK) institutional sentiment increased to 1.37 in Q4 2018. Its up 0.15, from 1.22 in 2018Q3. The ratio is better, as 48 investment professionals increased and started new equity positions, while 35 sold and trimmed stakes in Mitek Systems Inc. The investment professionals in our partner’s database now possess: 15.99 million shares, up from 15.25 million shares in 2018Q3. Also, the number of investment professionals holding Mitek Systems Inc in their top 10 equity positions increased from 1 to 3 for an increase of 2. Sold All: 11 Reduced: 24 Increased: 29 New Position: 19.

Mitek Systems, Inc. develops, markets, and sells mobile capture and identity verification software solutions for enterprise clients worldwide. The company has market cap of $415.21 million. The firm applies its patented technology in image capture, correction, and intelligent data extraction in the mobile financial and business services markets. It currently has negative earnings. The Company’s technology allows users to remotely deposit checks, open accounts, get insurance quotes, and 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.

The stock decreased 0.38% or $0.04 during the last trading session, reaching $10.42. About 484,533 shares traded or 20.46% up from the average. Mitek Systems, Inc. (NASDAQ:MITK) has risen 47.21% since May 15, 2018 and is uptrending. It has outperformed by 42.84% the S&P500.

Analysts await Mitek Systems, Inc. (NASDAQ:MITK) to report earnings on July, 25. They expect $0.07 earnings per share, up 600.00 % or $0.06 from last year’s $0.01 per share. MITK’s profit will be $2.79M for 37.21 P/E if the $0.07 EPS becomes a reality. After $0.02 actual earnings per share reported by Mitek Systems, Inc. for the previous quarter, Wall Street now forecasts 250.00 % EPS growth.

P.A.W. Capital Corp holds 5.83% of its portfolio in Mitek Systems, Inc. for 430,000 shares. S Squared Technology Llc owns 462,493 shares or 4.41% of their US portfolio. Moreover, Domini Impact Investments Llc has 4.19% invested in the company for 19,236 shares. The Connecticut-based Thomson Horstmann & Bryant Inc has invested 2.08% in the stock. Lyon Street Capital Llc, a California-based fund reported 145,667 shares.

Since January 1, 0001, it had 0 buys, and 4 selling transactions for $1.06 million activity.

Mitek Systems, Inc. (NASDAQ:MITK) Ratings Coverage

Ratings analysis reveals 100% of Mitek Systems Inc’s analysts are positive. Out of 2 Wall Street analysts rating Mitek Systems Inc, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $1200 while the high is $15. The stock’s average target of $14.25 is 36.76% above today’s ($10.42) share price. MITK was included in 5 notes of analysts from November 27, 2018. Benchmark maintained the stock with “Buy” rating in Tuesday, March 26 report. The firm has “Buy” rating given on Tuesday, November 27 by Benchmark. The company was maintained on Thursday, March 21 by Roth Capital.

More notable recent Mitek Systems, Inc. (NASDAQ:MITK) news were published by: Streetinsider.com which released: “ASG Technologies Increases Offer to $11.50/Share to Acquire Mitek (MITK) – StreetInsider.com” on December 10, 2018, also Seekingalpha.com with their article: “Mitek Systems – Growing Importance Of Identity Products – Seeking Alpha” published on April 01, 2018, Seekingalpha.com published: “Mitek Systems CFO rescinds resignation – Seeking Alpha” on November 26, 2018. More interesting news about Mitek Systems, Inc. (NASDAQ:MITK) were released by: Fool.com and their article: “Don’t Waste Your Money on Penny Stocks: These 3 Stocks Are Better Buys – Motley Fool” published on July 16, 2018 as well as Seekingalpha.com‘s news article titled: “Reuters: Mitek Systems rebuffs takeover approach from Elliott-backed ASG – Seeking Alpha” with publication date: October 10, 2018.

Mitek Systems, Inc. (NASDAQ:MITK) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.