In a report released yesterday, Darren Aftahi from Roth Capital maintained a Buy rating on Mitek Systems Inc (MITK), with a price target of $14. The company’s shares closed yesterday at $11.06.
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 15.7% and a 52.4% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and SharpSpring Inc.
Mitek Systems Inc has an analyst consensus of Strong Buy, with a price target consensus of $15.13, implying a 36.8% upside from current levels. In a report released today, Northland Securities also reiterated a Buy rating on the stock with a $12.50 price target.
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The company has a one-year high of $13.07 and a one-year low of $6.32. Currently, Mitek Systems Inc has an average volume of 483.7K.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2019, Michael E. Diamond, an Insider at MITK sold 154,324 shares for a total of $1,668,630.
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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.
