Mitek Systems, Inc. (MITK)
Market Cap | 424.02M |
Revenue (ttm) | 139.79M |
Net Income (ttm) | 6.76M |
Shares Out | 44.68M |
EPS (ttm) | 0.15 |
PE Ratio | 62.13 |
Forward PE | 13.46 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 55,973 |
Open | 9.39 |
Previous Close | 9.32 |
Day's Range | 9.39 - 9.58 |
52-Week Range | 8.32 - 15.20 |
Beta | 0.80 |
Analysts | Buy |
Price Target | 17.60 (+85.26%) |
Earnings Date | Apr 26, 2023 |
About MITK
Mitek Systems, Inc. develops, markets, and sells mobile image capture and digital identity verification solutions in the United States, Europe, Latin America, and internationally. The company's solutions are embedded in native mobile apps and web browsers to facilitate digital consumer experiences. It offers Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; and Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, a... [Read more]
Financial Performance
In 2021, Mitek Systems's revenue was $119.80 million, an increase of 18.25% compared to the previous year's $101.31 million. Earnings were $7.98 million, an increase of 2.10%.
Financial StatementsAnalyst Forecast
According to 9 analysts, the average rating for MITK stock is "Buy." The 12-month stock price forecast is $17.6, which is an increase of 85.26% from the latest price.
News

Mitek Announces Receipt of Notice from Nasdaq
SAN DIEGO--(BUSINESS WIRE)--Mitek Systems, Inc. (NASDAQ: MITK) (www.miteksystems.

7 Small-Cap AI Stocks to Buy Before They Boom
AI stocks are booming, providing exposure to what could be a potential $1.81 trillion opportunity, according to Grand View Research. Even more impressive, according to Accenture, “Artificial intellige...

ID R&D Awarded Patent for Continuous Biometric Authentication in Chatbots and Virtual Assistants
NEW YORK--(BUSINESS WIRE)--ID R&D has broken new ground in enabling frictionless biometric security, with a patent awarded for a novel approach to securing virtual assistant and chatbot sessions on ...

Mitek Adds Industry Veteran as Executive Chairperson to Capitalize on Growth Opportunities in Identity Verification
SAN DIEGO--(BUSINESS WIRE)--Mitek (NASDAQ: MITK, www.miteksystems.com), a global leader in digital identity and digital fraud prevention, today announced the addition of Scott Carter as Executive Ch...

Bears are Losing Control Over Mitek Systems (MITK), Here's Why It's a 'Buy' Now
After losing some value lately, a hammer chart pattern has been formed for Mitek Systems (MITK), indicating that the stock has found support. This, combined with an upward trend in earnings estimate r...

Why Earnings Season Could Be Great for Mitek Systems (MITK)
Mitek Systems (MITK) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Will Mitek Systems (MITK) Beat Estimates Again in Its Next Earnings Report?
Mitek Systems (MITK) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Access Digital Accounts Faster and More Securely Using Voice and Face Together
SAN DIEGO--(BUSINESS WIRE)--No one likes passwords.

Survey Reveals Tech Trust Gap Amongst UK Bank Customers
LONDON--(BUSINESS WIRE)--New research by Mitek, a global leader in digital identity and digital fraud prevention, and YouGov has found that banking customers' trust in technology remains low in the Un...

Mitek to Present at H.C. Wainwright's 24th Annual Global Investment Conference on September 13, 2022
SAN DIEGO--(BUSINESS WIRE)--Mitek (NASDAQ: MITK, www.miteksystems.com), a global leader in digital identity and digital fraud prevention, today announced that CFO Frank Teruel is scheduled to present ...

The 7 Best Bargain Stocks to Buy Now
Given the unique circumstances associated with the Covid-19 pandemic, investors may want to take a step back from the crowd and consider the best bargain stocks to buy now. To be sure, several equity-...

Mitek Systems (MITK) Q3 Earnings and Revenues Top Estimates
Mitek Systems (MITK) delivered earnings and revenue surprises of 9.52% and 8.26%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Mitek Delivers Record Revenue in Fiscal Third Quarter, Up 24% Year Over Year
SAN DIEGO--(BUSINESS WIRE)--Mitek Delivers Record Revenue in Fiscal Third Quarter, Up 24% Year Over Year

Mitek to Report Third Quarter Fiscal 2022 Financial Results on July 28, 2022
SAN DIEGO--(BUSINESS WIRE)--Mitek (NASDAQ: MITK, www.miteksystems.com), a global leader in digital access, today announced that it will release its financial results for the third quarter of fiscal 20...

Mitek Makes Digital Access Faster and More Secure Than Ever
SAN DIEGO--(BUSINESS WIRE)--As consumers transact more business online than ever, identity verification has become essential to safe digital access. Now Mitek is making it possible for companies to pr...
Cramer says investors can buy stock of this software company as a speculative pick
CNBC's Jim Cramer on Monday's episode of "Mad Money" told investors that they have his blessing to buy shares of this software company, but they should recognize it as a speculative name.

Mitek to Present at the William Blair 42nd Annual Growth Stock Conference on June 7, 2022
SAN DIEGO--(BUSINESS WIRE)--Mitek to Present at the William Blair 42nd Annual Growth Stock Conference on June 7, 2022

Mitek Appoints Industry Veteran Chris Briggs as Head of Product
SAN DIEGO--(BUSINESS WIRE)--Mitek (NASDAQ: MITK), a global leader in digital identity solutions, today announced that industry veteran Chris Briggs has been named Head of Product to expand and advance...

Mitek Systems (MITK) Q2 Earnings and Revenues Beat Estimates
Mitek Systems (MITK) delivered earnings and revenue surprises of 20% and 4.94%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Mitek Delivers 21% Year Over Year Revenue Growth and Transformative Acquisition of Orchestration Provider During the Quarter
SAN DIEGO--(BUSINESS WIRE)--Mitek Systems, Inc. (NASDAQ: MITK, www.miteksystems.com, “Mitek” or the “Company”), a global leader in digital identity (ID) and fraud prevention solutions, today reported ...

Mitek to Report Second Quarter Fiscal 2022 Financial Results on April 28, 2022
SAN DIEGO--(BUSINESS WIRE)--Mitek (NASDAQ: MITK, www.miteksystems.com), a global leader in digital identity and digital fraud prevention, today announced that it will release its financial results for...

Mitek Acquires UK-based HooYu in All Cash GBP 98 Million Deal
SAN DIEGO--(BUSINESS WIRE)--Mitek (NASDAQ: MITK), a global leader in digital identity (ID) verification and fraud prevention, today announced the acquisition of UK's leading KYC (know your customer) t...

Mitek Systems Announces Election of New Board Members and Appointment of New General Counsel
SAN DIEGO--(BUSINESS WIRE)--Mitek Systems Announces Election of New Board Members and Appointment of New General Counsel

AI More Accurate Than People at Identifying Biometric Spoofs, New Study Shows
NEW YORK--(BUSINESS WIRE)-- #IoT--Humans have far greater difficulty identifying images of biometric spoofing attacks compared to computers performing the same task, according to research released tod...

Mitek Systems (MITK) Beats Q1 Earnings and Revenue Estimates
Mitek Systems (MITK) delivered earnings and revenue surprises of 57.14% and 13.76%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?