MITK

Mitek Systems Inc

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Advanced Chart

9.360

-0.08(-0.847%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

9.520

Open

9.430

VWAP

9.46

Vol

215.85K

Mkt Cap

426.48M

Low

9.350

Amount

2.04M

EV/EBITDA(TTM)

12.19

Total Shares

46.79M

444.28M

EV/OCF(TTM)

9.18

P/S(TTM)

2.52

Mitek Systems, Inc. is a provider of mobile image capture and digital identity verification solutions. The Company is a software development company with expertise in artificial intelligence and machine learning. It is a global provider of solutions in the fraud prevention, digital identity verification, and cybersecurity markets. Its verification and fraud detection technology is embedded directly within mobile and Web applications, providing verification at every touchpoint in the customer lifecycle. The Company's products include Mobile Deposit, Check Fraud Defender, Mitek Verified Identity Platform (MiVIP), Mobile Verify, MiSnap, CheckReader, Check Intelligence, MiPass, IDLive Face, and IDLive Doc. Its products are used in various cases, including age verification, compliance (KYC), customer onboarding, passwordless authentication, and in-person identity verification. It serves various industries, including financial institutions, fintech, igaming, lending, marketplace, and travel.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q1

FY2025Q4

FY2025Q3

40.39M

+8.41%

0.145

-3.33%

42.42M

-1.85%

0.172

-47.98%

43.68M

-2.87%

0.188

-24.67%

Estimates Revision

The market is revising Upward the revenue expectations for Mitek Systems, Inc. (MITK) for FY2025, with the revenue forecasts being adjusted by 0.52% over the past three months. During the same period, the stock price has changed by 18.18%.

Revenue Estimates for FY2025

Revise Upward

+0.52%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-2.63%

In Past 3 Month

Stock Price

Go Up

+18.18%

In Past 3 Month

5 Analyst Rating

42.41% Upside

Wall Street analysts forecast MITK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MITK is 13.33 USD with a low forecast of 13.00 USD and a high forecast of 14.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

5 Buy

0 Hold

0 Sell

Strong Buy

42.41% Upside

Current: 9.360

Low

13.00

Averages

13.33

High

14.00

42.41% Upside

Current: 9.360

Low

13.00

Averages

13.33

High

14.00

HC Wainwright & Co.

Scott Buck

Strong Buy

Reiterates

$13

2025-02-11

Reason

HC Wainwright & Co.

Scott Buck

Price Target

$13

2025-02-11

Reiterates

Strong Buy

Reason

Maxim Group

Allen Klee

Strong Buy

Maintains

$13 → $14

2025-02-11

Reason

Maxim Group

Allen Klee

Price Target

$13 → $14

2025-02-11

Maintains

Strong Buy

Reason

Maxim raised the firm's price target on Mitek Systems to $14 from $13 and keeps a Buy rating on the shares. The company's Q1 results topped estimates and consensus due to better-than-expected performance in the Identity segment and expense control, and the management is projecting the annual contract value - ACV - for Check Fraud Defender to double in 2025 from the $10M level in 2024, the analyst tells investors in a research note. Maxim adds that the company's high gross margin is attributable to very strong market share and profitability in Deposits.

HC Wainwright & Co.

Scott Buck

Strong Buy

Maintains

$11 → $13

2024-12-17

Reason

HC Wainwright & Co.

Scott Buck

Price Target

$11 → $13

2024-12-17

Maintains

Strong Buy

Reason

Jefferies

Surinder Thind

Strong Buy

Hold

Downgrades

$17 → $9.5

2024-09-04

Reason

Jefferies

Surinder Thind

Price Target

$17 → $9.5

2024-09-04

Downgrades

Strong Buy

Hold

Reason

Maxim Group

Allen Klee

Strong Buy

Maintains

$23 → $13

2024-08-12

Reason

Maxim Group

Allen Klee

Price Target

$23 → $13

2024-08-12

Maintains

Strong Buy

Reason

HC Wainwright & Co.

Scott Buck

Strong Buy

Maintains

$19 → $11

2024-08-12

Reason

HC Wainwright & Co.

Scott Buck

Price Target

$19 → $11

2024-08-12

Maintains

Strong Buy

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Mitek Systems Inc (MITK.O) is 11.40, compared to its 5-year average forward P/E of 15.01. For a more detailed relative valuation and DCF analysis to assess Mitek Systems Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

15.01

Current PE

11.40

Overvalued PE

20.03

Undervalued PE

10.00

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Undervalued

5Y Average EV/EBITDA

13.46

Current EV/EBITDA

9.88

Overvalued EV/EBITDA

17.02

Undervalued EV/EBITDA

9.90

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

3.65

Current PS

2.40

Overvalued PS

5.02

Undervalued PS

2.27