Mitek SystemsMITK
Market Cap: $402M
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 is serving more than 7,800 financial services organizations and leading marketplace and financial technology brands across the globe. Mitek'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: 590
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
59% more call options, than puts
Call options by funds: $4.8M | Put options by funds: $3.01M
34% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 44
2.01% more ownership
Funds ownership: 74.55% [Q1] → 76.56% (+2.01%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]
6% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 32
1% less funds holding
Funds holding: 156 [Q1] → 154 (-2) [Q2]
18% less capital invested
Capital invested by funds: $491M [Q1] → $401M (-$90.7M) [Q2]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Jefferies Surinder Thind 40% 1-year accuracy 4 / 10 met price target | 10%upside $9.50 | Hold Downgraded | 4 Sept 2024 |
HC Wainwright & Co. Scott Buck 24% 1-year accuracy 22 / 91 met price target | 28%upside $11 | Buy Maintained | 12 Aug 2024 |
Maxim Group Allen Klee 38% 1-year accuracy 5 / 13 met price target | 51%upside $13 | Buy Maintained | 12 Aug 2024 |
Craig-Hallum Chad Bennett 50% 1-year accuracy 4 / 8 met price target | 74%upside $15 | Buy Maintained | 9 Aug 2024 |
Financial journalist opinion
Based on 6 articles about MITK published over the past 30 days