Today, an Insider at Mitek Systems Inc (MITK), Michael E. Diamond, sold shares of MITK for $113.9K.
In addition to Michael E. Diamond, 2 other MITK executives reported Sell trades in the last month. Following Michael E. Diamond’s last MITK Sell transaction on November 17, 2017, the stock climbed by 0.8%.
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Based on Mitek Systems Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $21.04 million and GAAP net loss of $2.13 million. In comparison, last year the company earned revenue of $12.9 million and had a net profit of $12.87 million. Currently, Mitek Systems Inc has an average volume of 450.2K.
Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $14.50, reflecting a 52.5% upside.
The insider sentiment on Mitek Systems Inc has been positive according to 26 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Mitek Systems, Inc. engages in the the development, sale, and service of its proprietary software solutions related to mobile image capture and identity verification. The firm is a mobile imaging software solutions provider that allows users to remotely deposit checks, pay their bills, get insurance quotes, and transfer credit card.
