National Securities Corp analyst Ilya Grozovsky maintained a Buy rating on Mitek Systems Inc (NASDAQ: MITK) today and set a price target of $17.50. The company’s shares opened today at $9.75, close to its 52-week high of $10.10.
Grozovsky has an average return of 13.8% when recommending Mitek Systems Inc.
According to TipRanks.com, Grozovsky is ranked #2277 out of 4908 analysts.
Currently, the analyst consensus on Mitek Systems Inc is a Strong Buy with an average price target of $15.50, a 59.0% upside from current levels. In a report released today, Roth Capital also assigned a Buy rating to the stock with a $13.50 price target.
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The company has a one-year high of $10.10 and a one-year low of $6.32. Currently, Mitek Systems Inc has an average volume of 368.8K.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MITK in relation to earlier this year.
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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.
