In Thursday’s Wall Street session, Mitek Systems Inc (NASDAQ:MITK) shares traded at $7.65, down -1.67% from the previous session.
MITK stock price is now -14.49% away from the 50-day moving average and -20.26% away from the 200-day moving average. The market capitalization of the company currently stands at $346.12M.
With the price target reduced from $17 to $9.50, Jefferies Downgraded its rating from Buy to Hold for Mitek Systems Inc (NASDAQ: MITK). On December 14, 2023, Craig Hallum recently initiated its ‘Buy’ rating on the stock quoting a target price of $17, while ‘Jefferies’ rates the stock as ‘Buy’
In other news, ROSSI MARK, Director bought 5,000 shares of the company’s stock on Mar 06 ’25. The stock was bought for $45,275 at an average price of $9.05. Upon completion of the transaction, the Director now directly owns 33,744 shares in the company, valued at $0.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 07 ’25, Director ROSSI MARK bought 2,500 shares of the business’s stock. A total of $22,275 was incurred on buying the stock at an average price of $8.91. This leaves the insider owning 36,244 shares of the company worth $0.28 million. A total of 2.80% of the company’s stock is owned by insiders.
During the past 12 months, Mitek Systems Inc has had a low of $6.93 and a high of $14.32. As of last week, the company has a debt-to-equity ratio of 0.75, a current ratio of 4.59, and a quick ratio of 4.59. According to the stock market information, the enterprise value for the company is $376068416, which is based on a 82.79 price-to-earnings ratio, a 6.58 price-to-earnings-growth ratio, and a beta of 1.10. The fifty day moving average price for MITK is $8.9464 and a two-hundred day moving average price translates $9.59325 for the stock.
The latest earnings results from Mitek Systems Inc (NASDAQ: MITK) was released for 2024-12-31. The net profit margin was 2.59% and return on equity was 2.15% for MITK. The company reported revenue of $37.25 million for the quarter, compared to $36.92 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.91 percent.
