Published On: Wed, Oct 19th, 2016

Upgrades And Downgrades For Mitek Systems, Inc. (MITK)


Recently stock market analysts have updated their consensus ratings on shares of Mitek Systems, Inc. (MITK).

Most recent broker ratings

07/11/2016 – Needham & Company began new coverage on Mitek Systems, Inc. giving the company a “buy” rating. They now have a USD 9.5 price target on the stock.

06/02/2016 – Mitek Systems, Inc. had its “buy” rating reiterated by analysts at Roth Capital. They now have a USD 9.75 price target on the stock.

03/23/2016 – Mitek Systems, Inc. had its “buy” rating reiterated by analysts at Benchmark. They now have a USD 8 price target on the stock.

01/25/2016 – Mitek Systems, Inc. had its “outperform” rating reiterated by analysts at Northland Securities.

05/09/2015 – Mitek Systems, Inc. was upgraded to “buy” by analysts at Zacks. They now have a USD 3.5 price target on the stock.

09/05/2014 – Mitek Systems, Inc. had its “outperform” rating reiterated by analysts at William Blair.

05/05/2014 – Mitek Systems, Inc. had its “neutral” rating reiterated by analysts at Janney Montgomery Scott. They now have a USD 4 price target on the stock.

02/14/2014 – Mitek Systems, Inc. was downgraded to “sell” by analysts at Jefferson Research.

Mitek Systems, Inc. has a 50 day moving average of 7.98 and a 200 day moving average of 7.66. The stock’s market capitalization is 235.63M, it has a 52-week low of 3.10 and a 52-week high of 9.49.

The share price of the company (MITK) was up +0.56% during the last trading session, with a high of 7.31 and the volume of Mitek Systems, Inc. shares traded was 181618.

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 camera-equipped smartphones and tablets instead of using the device keyboard. Its technology uses algorithms to correct image distortion, extract relevant data, route images to their desired location and process transactions. Its technology processes images of documents in many ways. The Company’s mobile capture software solutions are embedded in other mobile banking or enterprise applications developed by banks, insurance companies or partners, and then marketed under its brands. Its mobile imaging solutions include Mobile Verify, Mobile Fill, Mobile Deposit and Commercial Mobile Deposit Capture.