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Mitek Systems Inc (MITK)
NASDAQ:MITK
MITK Stock Chart & Stats
Day’s Range― - ―
52-Week Range$7.35 - $16.24
Previous CloseN/A
Volume118.89K
Average Volume (3M)548.67K
Market Cap
$442.94M
Enterprise Value$532.97M
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)102.3
Beta0.99
Next Earnings
May 01, 2025EPS Estimate
0.26Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.09
Shares Outstanding45,243,713
10 Day Avg. Volume694,858
30 Day Avg. Volume548,668
Standard Deviation0.13
R-Squared0.18
Alpha-0.00387
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)2.57
Price to Cash Flow (P/CF)196.00
P/FCF Ratio196.00
Enterprise Value/Market Cap1.20
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit3.10
Enterprise Value/Ebitda18.94
Forecast
1Y Price Target
$12.90Price Target Upside36.51% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
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Mitek Systems News
PremiumCompany Announcements
Mitek Systems Reports Strong Growth in Latest Earnings Call
PremiumCompany Announcements
Mitek Systems Reports Strong Q1 2025 Results---
Bulls Say, Bears Say
Bulls Say
Business StrategyManagement is projecting the annual contract value for Check Fraud Defender to double in 2025 from the approximately $10 million level in 2024.
Financial PerformanceMITK reported F1Q25 results with revenue up 1% and adjusted EBITDA up 32% year-over-year, beating estimates due to better-than-expected performance in the Identity segment and expense control.
Market OutlookA more streamlined business, coupled with secular demand for identity protection and fraud prevention drive longer term optimism in MITK shares.
Bears Say
Financial ChallengesFY24 adjusted EBITDA was down 2% y/y, indicating challenges despite positive quarterly results.
Operational ChangesAlthough operational changes may affect margins in the near term, long-term margins are expected to improve.
Revenue GrowthRevenue growth is likely to result in muted revenue growth in FY25.
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Ownership Overview
3.14% Insiders
19.95% Mutual Funds
18.14% Other Institutional Investors
36.09% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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MITK FAQ
What was Mitek Systems Inc’s price range in the past 12 months?
Mitek Systems Inc lowest stock price was $7.35 and its highest was $16.24 in the past 12 months.
What is Mitek Systems Inc’s market cap?
Mitek Systems Inc’s market cap is $442.94M.
When is Mitek Systems Inc’s upcoming earnings report date?
Mitek Systems Inc’s upcoming earnings report date is May 01, 2025 which is in 69 days.
How were Mitek Systems Inc’s earnings last quarter?
Mitek Systems Inc released its earnings results on Feb 10, 2025. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.145 by $0.005.
Is Mitek Systems Inc overvalued?
According to Wall Street analysts Mitek Systems Inc’s price is currently Undervalued.
Does Mitek Systems Inc pay dividends?
Mitek Systems Inc does not currently pay dividends.
What is Mitek Systems Inc’s EPS estimate?
Mitek Systems Inc’s EPS estimate is 0.26.
How many shares outstanding does Mitek Systems Inc have?
Mitek Systems Inc has 45,243,713 shares outstanding.
What happened to Mitek Systems Inc’s price movement after its last earnings report?
Mitek Systems Inc reported an EPS of $0.15 in its last earnings report, beating expectations of $0.145. Following the earnings report the stock price went down -7.804%.
Which hedge fund is a major shareholder of Mitek Systems Inc?
Currently, no hedge funds are holding shares in MITK
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Mitek Systems Stock Smart Score
Underperform
1
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4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$12.90 (36.51% Upside)
$12.90 (36.51% Upside)
Blogger Sentiment
Bullish
MITK Sentiment 100%
Sector Average 67%
Sector Average 67%
Insider Transactions
Sold Shares
Worth $429.4K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.8%
Last 30 Days ▼ 6.4%
Last 30 Days ▼ 6.4%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-22.98%
12-Months-Change
Fundamentals
Return on Equity
2.15%
Trailing 12-Months
Asset Growth
-2.33%
Trailing 12-Months
Company Description
Mitek Systems Inc
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 on December 16, 1983 and is headquartered in San Diego, CA.
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MITK Earnings Call
Q1 2025
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call conveyed a positive outlook with strong growth in identity revenue, SaaS revenue, and Check Fraud Defender expansion. However, challenges remain in the deposit products segment due to renewal timing variability. Overall, the company's strategic initiatives are starting to yield positive results, with expectations for continued growth and improved profitability.Read More>---
MITK Stock 12 Month Forecast
Average Price Target
$12.90
▲(36.51% Upside)
Technical Analysis
Best Analysts Covering MITK
1 Year
1 Year Success Rate
9/18 ratings generated profit
1 Year Average Return
+11.33%
reiterated a buy rating 11 days ago
Copying Michael Grondahl's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of +11.33% per trade.
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