Equities research analysts at StockNews.com started coverage on shares of Mitek Systems (NASDAQ:MITK – Get Rating) in a note issued to investors on Wednesday. The firm set a “hold” rating on the software maker’s stock.
Mitek Systems Stock Up 0.1 %
Shares of MITK opened at $10.18 on Wednesday. The business has a 50-day simple moving average of $9.53 and a two-hundred day simple moving average of $9.68. The stock has a market cap of $454.84 million, a price-to-earnings ratio of 72.71 and a beta of 0.77. Mitek Systems has a 52 week low of $8.49 and a 52 week high of $11.95.
Institutional Trading of Mitek Systems
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its position in Mitek Systems by 88.5% in the third quarter. Tower Research Capital LLC TRC now owns 3,142 shares of the software maker’s stock worth $29,000 after buying an additional 1,475 shares in the last quarter. Point72 Middle East FZE purchased a new stake in shares of Mitek Systems during the fourth quarter worth about $40,000. Quarry LP grew its position in shares of Mitek Systems by 536.0% during the first quarter. Quarry LP now owns 4,738 shares of the software maker’s stock worth $45,000 after purchasing an additional 3,993 shares in the last quarter. Royal Bank of Canada grew its position in shares of Mitek Systems by 66.4% during the third quarter. Royal Bank of Canada now owns 4,954 shares of the software maker’s stock worth $46,000 after purchasing an additional 1,977 shares in the last quarter. Finally, Ensign Peak Advisors Inc purchased a new stake in shares of Mitek Systems during the third quarter worth about $59,000. Hedge funds and other institutional investors own 69.96% of the company’s stock.
About Mitek Systems
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 1986 and is headquartered in San Diego, CA.
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