Mitek Systems (MITK)

• Market cap: $465M
• 1 day: 1.37%
• 5 days: -2.27%
• 1 month: 9.06%
• 3 months: 16.42%
• 6 months: -10.31%
• Year to date: -4.87%
• 1 year: -12.29%
• 5 years: 13.11%
• 10 years: 233.87%
• Sector: Information Technology
• Industry: Computer Peripheral Equipment

About: Mitek Systems Inc is engaged in the development, sale, and service of proprietary software solutions related to mobile imaging. The firm is a software development company with expertise in artificial intelligence, and machine learning. It serves more than 7,900 financial services organizations, financial technology (fintech) brands, telecommunications companies, and marketplace brands across the globe. The company's Mobile Deposit solution is used by consumers for mobile check deposits. The company's Mobile Verify verifies a user's identity online enabling organizations to build safer digital communities, whereas CheckReader enables financial institutions to automatically extract data from a check image received across any deposit channel - branch, ATM, RDC, and mobile.

Employees: 630

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

87% more call options, than puts

Call options by funds: $1.51M | Put options by funds: $806K

28% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 29

2% more funds holding

Funds holding: 154 [Q2] → 157 (+3) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]

4.34% less ownership

Funds ownership: 77.46% [Q2] → 73.11% (-4.34%) [Q3]

27% less capital invested

Capital invested by funds: $405M [Q2] → $297M (-$109M) [Q3]

35% less repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 60

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $13 26% upside
• Avg. target: $13 26% upside
• High target: $13 26% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

HC Wainwright & Co. Scott Buck 55% 1-year accuracy 58 / 106 met price target

26% upside $13

Buy Maintained

17 Dec 2024