Mitek Systems (NASDAQ:MITK) posted its quarterly earnings data on Thursday. The software maker reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.06, MarketWatch Earnings reports. The company had revenue of $25.41 million during the quarter, compared to analyst estimates of $23.39 million. Mitek Systems had a net margin of 6.37% and a return on equity of 15.61%.

MITK traded down $0.55 during trading on Friday, reaching $10.26. 1,238,003 shares of the company’s stock were exchanged, compared to its average volume of 405,217. The company’s fifty day moving average price is $9.48 and its 200-day moving average price is $8.92. Mitek Systems has a fifty-two week low of $5.26 and a fifty-two week high of $11.49. The firm has a market capitalization of $422.30 million, a PE ratio of 73.29, a P/E/G ratio of 2.44 and a beta of 0.24.

A number of analysts recently weighed in on MITK shares. Benchmark raised their price target on shares of Mitek Systems from $9.00 to $12.00 and gave the company a “buy” rating in a report on Friday, May 1st. BidaskClub raised shares of Mitek Systems from a “sell” rating to a “hold” rating in a report on Friday. Zacks Investment Research lowered shares of Mitek Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Finally, Roth Capital reissued a “hold” rating and issued a $9.00 price target on shares of Mitek Systems in a report on Monday, April 27th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Mitek Systems currently has a consensus rating of “Hold” and a consensus target price of $10.44.

In other Mitek Systems news, CFO Jeffrey C. Davison sold 11,437 shares of Mitek Systems stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $9.85, for a total transaction of $112,654.45. Following the completion of the sale, the chief financial officer now owns 173,506 shares of the company’s stock, valued at approximately $1,709,034.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.60% of the stock is currently owned by insiders.

Mitek Systems Company Profile

Mitek Systems, Inc develops, markets, and sells mobile image capture and identity verification software solutions in the United States, Europe, Latin America, and internationally. The company's solutions are embedded in native mobile apps and mobile optimized Websites to enhance mobile user experiences, fraud detection and reduction, and compliant transactions.

Featured Story: What is an Initial Public Offering (IPO)?

Earnings History for Mitek Systems (NASDAQ:MITK)

Receive News & Ratings for Mitek Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitek Systems and related companies with MarketBeat.com's FREE daily email newsletter.