Mitek Systems, Inc. (MITK)

NASDAQ: MITK · IEX Real-Time Price · USD
9.52
+0.14 (1.49%)
Jul 7, 2022 12:27 PM EDT - Market open
1.49%
Market Cap 422.18M
Revenue (ttm) 132.24M
Net Income (ttm) 9.83M
Shares Out 44.35M
EPS (ttm) 0.22
PE Ratio 43.27
Forward PE 10.83
Dividend n/a
Ex-Dividend Date n/a
Volume 83,743
Open 9.38
Previous Close 9.38
Day's Range 9.38 - 9.67
52-Week Range 8.32 - 23.29
Beta 0.63
Analysts Buy
Price Target 20.91 (+119.6%)
Earnings Date Aug 4, 2022

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...]

Industry Software
Founded 1983
CEO Scipio Carnecchia
Employees 435
Stock Exchange NASDAQ
Ticker Symbol MITK
Full Company Profile

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 Statements

Analyst Forecast

According to 11 analysts, the average rating for MITK stock is "Buy." The 12-month stock price forecast is 20.91, which is an increase of 119.64% from the latest price.

Price Target
$20.91
(119.64% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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 prot...

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 t...

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 ...

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 fi...

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 t...

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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) tec...

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 today...

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?

Mitek Reports 25% Year Over Year Revenue Growth and Another Record Quarter

SAN DIEGO--(BUSINESS WIRE)--Mitek Reports 25% Year Over Year Revenue Growth and Another Record Quarter

Mitek Systems (MITK) to Report Q1 Results: What to Expect

Mitek Systems (MITK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Mitek to Report First Quarter Fiscal 2022 Financial Results on January 27, 2022

SAN DIEGO--(BUSINESS WIRE)--Mitek to Report First Quarter Fiscal 2022 Financial Results on January 27, 2022

Mitek Systems (MITK) Beats Q4 Earnings Estimates

Mitek Systems (MITK) delivered earnings and revenue surprises of 29.41% and -0.41%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Vivoka Adds ID R&D Voice Biometrics to the Latest Version of Its Voice Development Kit

METZ, France & NEW YORK--(BUSINESS WIRE)-- #IoT--ID R&D and Vivoka partner to make it easier and faster for developers to add voice biometrics to IoT and other emerging voice use cases.

Analysts Estimate Mitek Systems (MITK) to Report a Decline in Earnings: What to Look Out for

Mitek Systems (MITK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

ID R&D Announces World's First Standalone Universal Identity Document Liveness Detector

NEW YORK--(BUSINESS WIRE)--ID R&D, a provider of AI-based voice and face biometrics, today introduced IDLive Doc, the world's first standalone document liveness detector. This AI-based product validates...

Mitek to Participate in a Fireside Chat at the Jefferies Virtual Software Conference on September 14, 2021

SAN DIEGO--(BUSINESS WIRE)--Mitek (NASDAQ: MITK) (www.miteksystems.com), a global leader in mobile capture and digital identity verification solutions, today announced that CEO Max Carnecchia and CFO Fr...

Mitek Systems (MITK) Q3 Earnings and Revenues Top Estimates

Mitek Systems (MITK) delivered earnings and revenue surprises of 43.75% and 6.87%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Mitek Reports Record Revenue Up 25% Year Over Year and Rapid Adoption of Its Check Fraud Consortium

SAN DIEGO--(BUSINESS WIRE)--Mitek (NASDAQ: MITK, www.miteksystems.com), a global leader in mobile capture and digital identity verification solutions, today reported financial results for its third quar...

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Mitek Systems (MITK) to Report Q3 Results: What to Expect

Mitek Systems (MITK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Mitek to Report Third Quarter Fiscal 2021 Financial Results on July 29, 2021

SAN DIEGO--(BUSINESS WIRE)--Mitek (NASDAQ: MITK, www.miteksystems.com), a global leader in mobile capture and digital identify verification solutions, today announced that it will release its financial ...