In a report released today, Ilya Grozovsky from National Securities Corp maintained a Buy rating on Mitek Systems Inc (NASDAQ: MITK), with a price target of $17.50. The company’s shares opened today at $7.15, close to its 52-week low of $6.85.
According to TipRanks.com, Grozovsky is a 3-star analyst with an average return of 5.7% and a 54.3% success rate. Grozovsky covers the Technology sector, focusing on stocks such as Digital Turbine Inc, Datawatch Corp, and Digimarc Corp.
Currently, the analyst consensus on Mitek Systems Inc is a Strong Buy with an average price target of $15, representing a 109.8% upside. In a report released today, William Blair also maintained a Buy rating on the stock.
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The company has a one-year high of $10.40 and a one-year low of $6.85. Currently, Mitek Systems Inc has an average volume of 224.4K.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Bruce Edward Hansen, a Director at MITK sold 40,000 shares for a total of $349,200.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
