Mitek Systems Inc Receives a Buy from National Securities Corp

National Securities Corp analyst Ilya Grozovsky maintained a Buy rating on Mitek Systems Inc (NASDAQ: MITK) today and set a price target of $14. The company’s shares opened today at $7.95.

According to TipRanks.com, Grozovsky is a 4-star analyst with an average return of 8.1% and a 53.7% success rate. Grozovsky covers the Technology sector, focusing on stocks such as Digital Turbine Inc, Datawatch Corp, and Digimarc Corp.

Mitek Systems Inc has an analyst consensus of Moderate Buy, with a price target consensus of $14.

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Mitek Systems Inc’s market cap is currently $277.5M and has a P/E ratio of 34.57. The company has a book value ratio of 3.8325.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock.

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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.