Archon Capital Management Has Lifted Its Mitek Sys (MITK) Stake; Last Week CSI Compressco LP (CCLP) Analysts

December 6, 2017 - By Clifton Ray

Among 5 analysts covering CSI Compressco LP (NASDAQ:CCLP), 1 have Buy rating, 1 Sell and 3 Hold. Therefore 20% are positive. CSI Compressco LP had 19 analyst reports since July 29, 2015 according to SRatingsIntel. Wells Fargo initiated CSI Compressco LP (NASDAQ:CCLP) on Wednesday, September 2 with “Market Perform” rating. Stifel Nicolaus maintained CSI Compressco LP (NASDAQ:CCLP) on Thursday, September 28 with “Hold” rating. RBC Capital Markets maintained it with “Sector Perform” rating and $18 target in Friday, August 7 report. RBC Capital Markets maintained it with “Hold” rating and $5.0 target in Sunday, October 29 report. The company was downgraded on Friday, January 22 by Stifel Nicolaus. RBC Capital Markets maintained CSI Compressco LP (NASDAQ:CCLP) on Sunday, August 20 with “Hold” rating. Raymond James downgraded CSI Compressco LP (NASDAQ:CCLP) on Monday, October 5 to “Outperform” rating. The firm has “Hold” rating given on Friday, November 3 by Stifel Nicolaus. The rating was maintained by Stifel Nicolaus with “Hold” on Thursday, August 24. RBC Capital Markets maintained it with “Hold” rating and $6.0 target in Thursday, November 9 report. See CSI Compressco LP (NASDAQ:CCLP) latest ratings:

09/11/2017 Broker: RBC Capital Markets Rating: Hold New Target: $6.0 Maintain
03/11/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $5.0 Maintain
29/10/2017 Broker: RBC Capital Markets Rating: Hold New Target: $5.0 Maintain
28/09/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $5.0 Maintain
25/09/2017 Broker: RBC Capital Markets Rating: Hold New Target: $5.0 Maintain
24/08/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $5.0 Maintain
23/08/2017 Broker: Bank of America Rating: Underperform Old Target: $6.5 New Target: $5 Maintain
20/08/2017 Broker: RBC Capital Markets Rating: Hold New Target: $8.0 Maintain
20/07/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $5.0000 Maintain

Archon Capital Management Llc increased Mitek Sys Inc (MITK) stake by 70.43% reported in 2017Q2 SEC filing. Archon Capital Management Llc acquired 354,952 shares as Mitek Sys Inc (MITK)’s stock rose 40.98%. The Archon Capital Management Llc holds 858,922 shares with $7.22 million value, up from 503,970 last quarter. Mitek Sys Inc now has $290.03M valuation. The stock decreased 1.15% or $0.1 during the last trading session, reaching $8.6. About 127,947 shares traded. Mitek Systems, Inc. (NASDAQ:MITK) has declined 2.93% since December 6, 2016 and is downtrending. It has underperformed by 19.63% the S&P500.

The stock decreased 1.93% or $0.1 during the last trading session, reaching $5.09. About 78,994 shares traded. CSI Compressco LP (NASDAQ:CCLP) has declined 29.05% since December 6, 2016 and is downtrending. It has underperformed by 45.75% the S&P500.

CSI Compressco LP provides compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage applications in the United States and internationally. The company has market cap of $187.92 million. It fabricates and sells standard and custom-designed compressor packages, oilfield fluid pump systems, and compressor package parts and components, as well as provides aftermarket services, such as operations, maintenance, overhaul, and reconfiguration services. It currently has negative earnings. The firm offers GasJack and VJack electric powered low-horsepower compressor packages to provide production enhancement services.

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