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Mitek Systems Inc (MITK)
NASDAQ:MITK
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MITK Stock Chart & Stats
Day’s Range― - ―
52-Week Range$7.35 - $16.24
Previous CloseN/A
Volume118.89K
Average Volume (3M)793.28K
Market Cap
$447.83M
Enterprise Value$424.78M
Total Cash (Recent Filing)$42.57M
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)145.5
Beta1.08
Next Earnings
Jan 29, 2025EPS Estimate
0.13Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.07
Shares Outstanding44,917,360
10 Day Avg. Volume533,959
30 Day Avg. Volume793,280
Standard Deviation0.14
R-Squared0.17
Alpha0.00277
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)2.60
Price to Cash Flow (P/CF)5.30
P/FCF Ratio5.40
Enterprise Value/Market Cap0.95
Enterprise Value/Revenue2.47
Enterprise Value/Gross Profit2.88
Enterprise Value/Ebitda15.08
Forecast
1Y Price Target
$12.70Price Target Upside25.99% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
Mitek Systems News
PremiumCompany Announcements
Mitek Systems Reports Strong Q4 Performance
Bulls Say, Bears Say
Bulls Say
Financial PerformanceMITK reported F4Q24 results with revenue up 15% year-over-year, adjusted EBITDA up 178% year-over-year, and adjusted EPS up 127% year-over-year, beating estimates due to better-than-expected performance in both Identity and Deposits.
Growth OpportunitiesThe business is positioned for potential large revenue opportunities in the identity segment, with plans for significant operational improvements and increased automation.
Strategic InitiativesThe new CEO outlined priorities for FY25, focusing on optimizing the portfolio by reducing spending on the Identity business and increasing investment in Check Fraud Defender.
Bears Say
Financial PerformanceFY24 adjusted EBITDA was down 2% y/y, indicating challenges despite positive quarterly results.
Growth OutlookManagement expects growth headwinds in fiscal 2025 due to the timing of deals.
Operational ChangesOperational changes may affect margins in the near term.
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Ownership Overview
3.17% Insiders
20.23% Mutual Funds
0.19% Other Institutional Investors
53.87% 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 $447.83M.
When is Mitek Systems Inc’s upcoming earnings report date?
Mitek Systems Inc’s upcoming earnings report date is Jan 29, 2025 which is in 10 days.
How were Mitek Systems Inc’s earnings last quarter?
Mitek Systems Inc released its earnings results on Dec 16, 2024. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.172 by $0.158.
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 0.13.
How many shares outstanding does Mitek Systems Inc have?
Mitek Systems Inc has 44,917,360 shares outstanding.
What happened to Mitek Systems Inc’s price movement after its last earnings report?
Mitek Systems Inc reported an EPS of $0.33 in its last earnings report, beating expectations of $0.172. Following the earnings report the stock price went up 15.174%.
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
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$12.70 (25.99% Upside)
$12.70 (25.99% Upside)
Blogger Sentiment
Bullish
MITK Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 907.5K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $152.1K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▲ 0.6%
Last 30 Days ▲ 0.6%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-14.43%
12-Months-Change
Fundamentals
Return on Equity
1.56%
Trailing 12-Months
Asset Growth
2.07%
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
Q4 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative aspects. There was significant progress in Q4 revenue growth, MiVIP platform adoption, and Check Fraud Defender's success. However, identity products revenue stagnation, pricing pressure, and challenges from executive turnover were notable lowlights. Overall, the sentiment reflects optimism due to recent growth and strategic plans but acknowledges past and ongoing challenges.Read More>---
MITK Stock 12 Month Forecast
Average Price Target
$12.70
▲(25.99% Upside)
Technical Analysis
Bridgeline Digital
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Qualys
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Paylocity
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AppFolio
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Best Analysts Covering MITK
1 Year
1 Year Success Rate
9/18 ratings generated profit
1 Year Average Return
+10.66%
reiterated a buy rating last month
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 +10.66% per trade.
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