Mitek Systems, Inc. (MITK)

NASDAQ: MITK · IEX Real-Time Price · USD
9.50
+0.18 (1.93%)
Mar 31, 2023, 11:52 AM EDT - Market open
1.93%
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]

Sector Technology
Founded 1983
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 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.

Price Target
$17.6
(85.26% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Mitek Announces Receipt of Notice from Nasdaq

SAN DIEGO--(BUSINESS WIRE)--Mitek Systems, Inc. (NASDAQ: MITK) (www.miteksystems.

1 month ago - Business Wire

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...

1 month ago - InvestorPlace

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 ...

2 months ago - Business Wire

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...

2 months ago - Business Wire

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...

4 months ago - Zacks Investment Research

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.

4 months ago - Zacks Investment Research

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.

5 months ago - Zacks Investment Research

Access Digital Accounts Faster and More Securely Using Voice and Face Together

SAN DIEGO--(BUSINESS WIRE)--No one likes passwords.

5 months ago - Business Wire

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...

6 months ago - Business Wire

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 ...

7 months ago - Business Wire

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-...

Other symbols: ABBVBPFLTMDTPLYATM
7 months ago - InvestorPlace

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?

8 months ago - Zacks Investment Research

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

8 months ago - Business Wire

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...

9 months ago - Business Wire

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...

10 months ago - Business Wire

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.

10 months ago - CNBC Television

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

10 months ago - Business Wire

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...

11 months ago - Business Wire

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?

1 year ago - Zacks Investment Research

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 ...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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

1 year ago - Business Wire

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...

1 year ago - Business Wire

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?

1 year ago - Zacks Investment Research