Research analysts at Compass Point boosted their price objective on shares of Mitek Systems (NASDAQ:MITK) from $4.00 to $5.50 in a report released on Thursday, Analyst Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. Compass Point’s price target points to a potential upside of 3.97% from the stock’s previous close.
Mitek Systems (NASDAQ:MITK) traded down 3.82% on Thursday, hitting $5.29. The stock had a trading volume of 420,168 shares. Mitek Systems has a one year low of $2.05 and a one year high of $7.71. The stock’s 50-day moving average is $5.44 and its 200-day moving average is $5.27. The company’s market cap is $160.5 million.
Mitek Systems (NASDAQ:MITK) last posted its quarterly earnings results on Thursday, July 25th. The company reported ($0.05) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.07) by $0.02. The company had revenue of $3.88 million for the quarter, compared to the consensus estimate of $3.10 million. During the same quarter in the prior year, the company posted ($0.05) earnings per share. The company’s quarterly revenue was up 22.7% on a year-over-year basis. Analysts expect that Mitek Systems will post $-0.31 EPS for the current fiscal year.
Mitek Systems, Inc (NASDAQ:MITK) is engaged in the development, sale and service of software solutions related to mobile imaging applications and intelligent recognition software.
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