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Mitek Systems, Inc. MITK

Set alert

Price alert · MITK

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18.07 USD -0.39 -2.11%

At close · Oct 30

18.00 -0.07 -0.39%

After hours · Oct 30, 4:00 PM ET

Bid
18.05 × 2
Ask
18.06 × 2
17.80 Day range 18.58
8.65 52-week range 20.14
YTD
+71.28%
1 year
+95.56%
Open
18.27
Prev close
18.46
Mkt cap
815.36M
Vol
469.08K
Avg vol
641.01K
EPS
0.47
P/E
38.45
Div yield
0.00%
More statistics
Low
17.80
High
18.58
Forward P/E
13.57
Beta
1.07
Short ratio
8.63
Inst. own
77.93%
Dividend
0.00
Ex-div date
Earnings
Sep 5, 2023
50-d avg
9.22
200-d avg
10.86
1y target
12.70

5Y chart

Chart tools
Interval

Events in this range
  • Sep 5, 2023Earnings: —; estimate 0; surprise —%
  • Sep 14, 2023Earnings: 0.29; estimate 0; surprise —%
  • Oct 26, 2023Earnings: 0.2; estimate 0; surprise —%
  • May 13, 2024Earnings: 0.24; estimate 0.27; surprise -11.11%
  • May 14, 2024Rating: HC Wainwright & Co. · Buy → Buy
  • Aug 8, 2024Earnings: 0.25; estimate 0.26; surprise -3.85%
  • Aug 9, 2024Rating: Craig-Hallum · Buy → Buy
  • Aug 12, 2024Rating: Maxim Group · Buy → Buy
  • Aug 12, 2024Rating: HC Wainwright & Co. · Buy → Buy
  • Sep 4, 2024Downgrade: Jefferies · Buy → Hold
  • Dec 16, 2024Earnings: 0.33; estimate 0.17; surprise 94.12%
  • Dec 17, 2024Rating: HC Wainwright & Co. · Buy → Buy
Signals (97)
NameDateAgo
SMA: BullishOct 19, 20261 week ago
SMA: BullishOct 19, 20261 week ago
SMA: BearishOct 12, 20262 weeks ago
SMA: BearishSep 7, 20261 month ago
MACD: Sell SignalAug 17, 20262 months ago
MACD: Buy SignalAug 10, 20262 months ago
SMA: BullishAug 3, 20263 months ago
MACD: Sell SignalJul 27, 20263 months ago
SMA: BearishJul 20, 20263 months ago
SMA: BullishJun 8, 20264 months ago
SMA: BearishJun 1, 20265 months ago
SMA: BullishApr 13, 20266 months ago
SMA: BearishApr 6, 20266 months ago
RSI: OverboughtFeb 23, 20268 months ago
RSI: OverboughtFeb 9, 20268 months ago
SMA: BullishFeb 2, 20269 months ago
SMA: BearishJan 26, 20269 months ago
MACD: Buy SignalDec 15, 202510 months ago
SMA: BullishDec 8, 202510 months ago
SMA: BullishDec 1, 202511 months ago
SMA: BearishOct 27, 20251 year ago
SMA: BullishOct 20, 20251 year ago
SMA: BearishOct 6, 20251 year ago
MACD: Sell SignalOct 6, 20251 year ago
SMA: BearishSep 29, 20251 year ago
SMA: BullishAug 4, 20251 year ago
SMA: BullishAug 4, 20251 year ago
SMA: BearishJul 28, 20251 year ago
SMA: BullishJul 21, 20251 year ago
SMA: BearishJul 14, 20251 year ago
SMA: BearishJul 7, 20251 year ago
SMA: BullishJun 2, 20251 year ago
SMA: BearishMay 26, 20251 year ago
MACD: Buy SignalMay 12, 20251 year ago
SMA: BullishMay 5, 20251 year ago
SMA: BullishMay 5, 20251 year ago
MACD: Sell SignalMar 3, 20251 year ago
SMA: BearishFeb 17, 20251 year ago
SMA: BearishFeb 10, 20251 year ago
SMA: BullishDec 16, 20241 year ago
SMA: BullishDec 16, 20241 year ago
SMA: BearishDec 9, 20241 year ago
SMA: BullishNov 4, 20241 year ago
MACD: Buy SignalNov 4, 20241 year ago
SMA: BearishOct 21, 20242 years ago
SMA: BullishOct 7, 20242 years ago
SMA: BearishAug 5, 20242 years ago
SMA: BearishAug 5, 20242 years ago
SMA: BullishJul 22, 20242 years ago
SMA: BullishJul 15, 20242 years ago
SMA: BearishJun 3, 20242 years ago
SMA: BearishMay 13, 20242 years ago
MACD: Sell SignalMay 13, 20242 years ago
SMA: BullishApr 29, 20242 years ago
SMA: BearishApr 15, 20242 years ago
MACD: Buy SignalMar 25, 20242 years ago
SMA: BullishMar 18, 20242 years ago
SMA: BullishMar 11, 20242 years ago
SMA: BearishMar 4, 20242 years ago
MACD: Sell SignalFeb 19, 20242 years ago
SMA: BearishFeb 12, 20242 years ago
MACD: Buy SignalDec 11, 20232 years ago
MACD: Sell SignalDec 4, 20232 years ago
MACD: Buy SignalNov 27, 20232 years ago
SMA: BullishNov 13, 20232 years ago
SMA: BullishOct 30, 20233 years ago
SMA: BearishOct 16, 20233 years ago
MACD: Sell SignalSep 25, 20233 years ago
SMA: BearishSep 18, 20233 years ago
SMA: BullishAug 28, 20233 years ago
SMA: BearishAug 21, 20233 years ago
SMA: BullishJul 31, 20233 years ago
SMA: BearishJul 17, 20233 years ago
SMA: BullishMay 22, 20233 years ago
SMA: BullishMay 8, 20233 years ago
MACD: Buy SignalMay 8, 20233 years ago
MACD: Sell SignalApr 17, 20233 years ago
MACD: Buy SignalApr 10, 20233 years ago
SMA: BearishApr 3, 20233 years ago
SMA: BullishMar 27, 20233 years ago
MACD: Sell SignalFeb 20, 20233 years ago
SMA: BearishFeb 6, 20233 years ago
SMA: BearishFeb 6, 20233 years ago
SMA: BullishJan 30, 20233 years ago
SMA: BullishJan 30, 20233 years ago
SMA: BearishDec 19, 20223 years ago
SMA: BearishNov 28, 20223 years ago
SMA: BullishOct 17, 20224 years ago
SMA: BullishOct 17, 20224 years ago
SMA: BearishOct 10, 20224 years ago
SMA: BullishOct 3, 20224 years ago
SMA: BearishAug 29, 20224 years ago
SMA: BullishJul 4, 20224 years ago
MACD: Buy SignalJul 4, 20224 years ago
RSI: OversoldApr 25, 20224 years ago
SMA: BearishJan 31, 20224 years ago
SMA: BullishJan 24, 20224 years ago

Key statistics

Market cap
505.77M
Enterprise value
462.39M
Trailing P/E
160.86
Forward P/E
13.57
PEG ratio
0.00
Price / sales
3.04
Price / book
2.48
EPS (TTM)
0.07
Beta
1.07
Dividend yield
0.00%
Payout ratio
0.00%
Profit margin
-4.05%
Revenue (TTM)
166.52M
Revenue growth
4.40%
Free cash flow
-2.49M
Total cash
123.07M
Total debt
146.99M
Return on equity
-3.23%
Shares outstanding
44.92M
Short % of float
8.24%
50-day average
9.22
200-day average
10.86

Analyst view

Consensus: buy

Buy
Price target (mean) 12.70 -29.7% downside
Target (low)
9.50
Target (mean)
12.70
Target (high)
15.00
Ratings (0m) 6 5 buy · 1 hold · 0 sell
  • Strong buy2
  • Buy3
  • Hold1
  • Sell0
  • Strong sell0

Next earnings

Sep 5, 2023

Expected Sep 5, 2023. Consensus EPS estimate 0.134.

Earnings history

Financials — quick view

All financials
MITK Revenue — quarterly 54.04M
2022-Q4 20222023-Q1 20222023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20232024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20242025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20252026-Q2 20262026-Q3 2026
MITK Net income — quarterly 8.37M
2022-Q4 20222023-Q1 20222023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20232024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20242025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20252026-Q2 20262026-Q3 2026
MITK EPS — quarterly 0.19
2022-Q4 20222023-Q1 20222023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20232024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20242025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20252026-Q2 20262026-Q3 2026

Earnings

MITK recent earnings
Report dateQuarter endingEPS estimateEPS reportedSurpriseSurprise %
Dec 16, 2024Sep 1, 20240.170.33+0.16+94.12%
Aug 8, 2024Jun 1, 20240.260.25-0.01-3.85%
May 13, 2024Mar 1, 20240.270.24-0.03-11.11%
Oct 26, 2023Jun 1, 20230.000.20——
Sep 14, 2023Mar 1, 20230.000.29——
Sep 5, 2023Dec 1, 20220.00———

Upgrades / downgrades

MITK analyst upgrades and downgrades
DateFirmActionFromTo
Dec 17, 2024HC Wainwright & Co.mainBuyBuy
Sep 4, 2024JefferiesdownBuyHold
Aug 12, 2024HC Wainwright & Co.mainBuyBuy
Aug 12, 2024Maxim GroupmainBuyBuy
Aug 9, 2024Craig-HallummainBuyBuy
May 14, 2024HC Wainwright & Co.reitBuyBuy

About Mitek Systems, Inc.

Mitek Systems, Inc. provides mobile image capture and digital identity verification solutions worldwide. Its product portfolio includes Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications; and Mobile Fill, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion. The company also offers MiSnap, a mobile-capture software development kit that enables an intuitive user experience and instant capture of quality images of identity documents and checks. CheckReader enables financial institutions to automatically extract data from checks once they have been scanned or photographed by the application; Check Fraud Defender, an AI-powered and cloud-hosted model for fighting check fraud; and Check Intelligence that enables financial institutions to automatically extract data from a check image received across any deposit channel, including branch, ATM, remote deposit capture, and mobile. In addition, it provides MiVIP, an end-to-end KYC platform that allows companies to design, build, and deploy robust KYC journeys with little or no development resources; and MiPass provides protection against most sophisticated forms of identity theft and dangerous fraud techniques, such as deepfakes and synthetic identities. Further, the company provides ID_CLOUD, an automated identity verification solution that is integrated into a customers' application to read and validate identity documents; IDLive Face, a passive facial liveness detection product; IDVoice, a robust AI-driven voice biometric engine; IDLive Voice to stop spoofing attacks on voice biometric systems; and IDLive Doc that works to fight fraud related to digitally displayed document images. The company was incorporated in 1986 and is based in San Diego, California.

Sector
Technology
Industry
Software - Application
Country
United States

News

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Insider holders

MITK insider holders
InsiderRelationLatest transactionDateShares held
BRIGGS CHRISTOPHER HDivisional OfficerStock Award(Grant)Dec 5, 202492,946
DIAMOND MICHAEL EGeneral ManagerStock Award(Grant)Dec 5, 2024221,819
FAY JAMES DANIELDirectorStock Award(Grant)Oct 20, 202418,867
GRAY JASON LGeneral CounselSaleDec 10, 2024164,342
HALE JAMES C. IIIDirectorConversion of Exercise of derivative securityOct 10, 2024237,545
LYLE DAVID BChief Financial OfficerStock Award(Grant)Dec 5, 2024124,410

Institution ownership

MITK institution ownership
Holder% heldSharesValueReported
Blackrock Inc.9.14%3,937,15944.33MSep 29, 2024
Vanguard Group Inc8.44%3,638,67440.97MSep 29, 2024
Legal & General Group PLC6.63%2,855,46232.15MSep 29, 2024
Blue Grotto Capital, LLC4.80%2,070,00023.31MSep 29, 2024
Independent Advisor Alliance3.95%1,701,81319.16MSep 29, 2024
Dimensional Fund Advisors LP3.91%1,685,77418.98MSep 29, 2024

Fund ownership

MITK fund ownership
Holder% heldSharesValueReported
Vanguard Total Stock Market Index Fund3.23%1,393,65915.69MSep 29, 2024
iShares Russell 2000 ETF2.79%1,202,19013.54MOct 30, 2024
Vanguard Information Technology Index Fund2.56%1,102,39012.41MAug 30, 2024
Vanguard Extended Market Index Fund1.74%751,5668.46MSep 29, 2024
Fidelity Strategic Advisors Small-Mid Cap Fund1.29%555,3336.25MJul 30, 2024
Fidelity Small Cap Index Fund1.11%476,6195.37MAug 30, 2024
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