Mitek Systems, Inc. (NASDAQ:MITK - Get Free Report) insider Michael E. Diamond sold 1,104 shares of Mitek Systems stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $9.30, for a total transaction of $10,267.20. Following the sale, the insider now owns 171,176 shares of the company's stock, valued at $1,591,936.80. The trade was a 0.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Mitek Systems Stock Performance
Shares of NASDAQ MITK opened at $9.14 on Wednesday. The company has a current ratio of 4.46, a quick ratio of 4.46 and a debt-to-equity ratio of 0.68. Mitek Systems, Inc. has a 12 month low of $7.35 and a 12 month high of $16.24. The company has a 50 day simple moving average of $9.00 and a two-hundred day simple moving average of $10.02. The stock has a market cap of $422.27 million, a price-to-earnings ratio of -60.93 and a beta of 1.12.
Analyst Upgrades and Downgrades
A number of research analysts have commented on MITK shares. StockNews.com raised shares of Mitek Systems from a "hold" rating to a "buy" rating in a research report on Friday, December 6th. Jefferies Financial Group downgraded shares of Mitek Systems from a "buy" rating to a "hold" rating and cut their target price for the company from $17.00 to $9.50 in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Mitek Systems currently has an average rating of "Moderate Buy" and an average target price of $12.13.
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Read Our Latest Report on Mitek Systems
Institutional Trading of Mitek Systems
Several institutional investors and hedge funds have recently bought and sold shares of the business. Innealta Capital LLC purchased a new stake in Mitek Systems during the second quarter worth $32,000. nVerses Capital LLC acquired a new stake in shares of Mitek Systems in the second quarter valued at about $57,000. Avior Wealth Management LLC acquired a new stake in shares of Mitek Systems in the third quarter valued at about $60,000. Squarepoint Ops LLC acquired a new stake in shares of Mitek Systems in the second quarter valued at about $138,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Mitek Systems in the third quarter valued at about $117,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.
Mitek Systems Company Profile
(
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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