In a report released yesterday, Ilya Grozovsky from National Securities Corp maintained a Buy rating on Mitek Systems Inc (MITK), with a price target of $20. The company’s shares opened today at $11.01, close to its 52-week high of $11.92.
According to TipRanks.com, Grozovsky is a 4-star analyst with an average return of 4.4% and a 51.9% success rate. Grozovsky covers the Technology sector, focusing on stocks such as Digital Turbine Inc, Digimarc Corp, and RumbleON Inc.
Mitek Systems Inc has an analyst consensus of Strong Buy, with a price target consensus of $14.40, a 30.8% upside from current levels. In a report issued on January 24, Roth Capital also maintained a Buy rating on the stock with a $13.50 price target.
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Based on Mitek Systems Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $3.19 million. In comparison, last year the company had a GAAP net loss of $5.74 million.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock.
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Mitek Systems, Inc. engages in the innovation of mobile capture and digital identity verification solutions. Its products include Mobile Deposit, Mobile Verify, Mobile Fill, Mobile Docs, A2iA CheckReader, A2iA XE, A2iA DocumentReader, A2iA TextReader, and ICAR ID_CLOUD. The company was founded in December 16, 1986 and is headquartered in San Diego, CA.
