Roth Capital analyst Darren Aftahi maintained a Buy rating on Mitek Systems Inc (MITK) yesterday and set a price target of $13.50. The company’s shares closed yesterday at $11.20, close to its 52-week high of $11.92.
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 11.9% and a 55.7% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Veritone Inc.
Mitek Systems Inc has an analyst consensus of Strong Buy, with a price target consensus of $13.90.
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The company has a one-year high of $11.92 and a one-year low of $6.32. Currently, Mitek Systems Inc has an average volume of 468.5K.
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.
