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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)495.72K
Market Cap
$373.26M
Enterprise Value$532.97M
Total Cash (Recent Filing)$1.41M
Total Debt (Recent Filing)$496.05K
Price to Earnings (P/E)90.3
Beta0.93
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. Volume473,762
30 Day Avg. Volume495,721
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)2.41
Price to Cash Flow (P/CF)183.60
P/FCF Ratio183.60
Enterprise Value/Market Cap1.43
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit3.10
Enterprise Value/Ebitda18.94
Forecast
1Y Price Target
$13.75Price Target Upside65.26% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
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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
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Bulls Say, Bears Say
Bulls Say
EarningsMitek reported solid first-quarter results that outperformed consensus across most key metrics.
Financial PerformanceThe price target for MITK shares has been increased to $13 from $11, reflecting a more optimistic business outlook.
Operational ImprovementsThe company plans significant operational improvements in FY25, including increased automation, which should lead to profitable growth in FY26.
Bears Say
MarginsAlthough operational changes may affect margins in the near term, long-term margins are expected to improve.
Mobile Deposit SegmentAs for mobile deposit, while segment revenue declined by 9% during the quarter, management noted this was largely due to the timing of deals.
Revenue GrowthRevenue growth is likely to result in muted revenue growth in FY25.
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Ownership Overview
3.21% Insiders
20.88% Mutual Funds
18.25% Other Institutional Investors
35.27% 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 $373.26M.
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 28 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
Neutral
1
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10
Analyst Consensus
Strong Buy
Average Price Target:
$13.75 (65.26% Upside)
$13.75 (65.26% Upside)
Blogger Sentiment
Bullish
MITK Sentiment 100%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Decreased
By 1.8M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $405.2K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.3%
Last 30 Days ▼ 2.9%
Last 30 Days ▼ 2.9%
News Sentiment
Neutral
Bullish news 50%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-42.04%
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. is a leader in digital identity verification and mobile capture solutions. The company operates primarily within the technology sector, offering advanced software solutions that enable businesses to verify identities and authenticate transactions using mobile and web devices. Mitek's technology is widely used in the financial services sector, helping institutions reduce fraud, streamline processes, and enhance customer experiences.
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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
$13.75
▲(65.26% Upside)
Technical Analysis
Best Analysts Covering MITK
1 Year
1 Year Success Rate
7/18 ratings generated profit
1 Year Average Return
+4.24%
reiterated a buy rating 2 months ago
Copying Michael Grondahl's trades and holding each position for 1 Year would result in 38.89% of your transactions generating a profit, with an average return of +4.24% per trade.
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