Jefferies resumed coverage on Mitek Systems with a new price target
$MITK
Computer peripheral equipment
Technology
Jefferies resumed coverage of Mitek Systems with a rating of Buy and set a new price target of $13.00 from $17.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/4/2024 | $17.00 → $9.50 | Buy → Hold | Jefferies |
| 12/14/2023 | $17.00 | Buy | Craig Hallum |
| 10/31/2023 | $13.00 | Buy | Jefferies |
| 10/25/2022 | $17.00 → $13.00 | Buy | Jefferies |
| 8/12/2021 | $27.00 | Buy | HC Wainwright & Co. |
To be Voted on at the Company's Annual Meeting in March Mitek Systems, Inc. (NASDAQ:MITK), a global leader in digital identity verification, mobile capture, and fraud management, today announced the nomination of Mark Rossi to its board of directors. Mr. Rossi will also serve as a member of the board's audit committee, pending shareholder approval at the company's upcoming annual meeting. Mr. Rossi brings over four decades of strategic, financial, and operational expertise, having served on the boards of approximately 25 companies, including seven public entities. He is a co-founder of Cornerstone Equity Investors, where he managed a series of Private Equity funds over a period of 25 ye
Mitek Systems, Inc. (NASDAQ:MITK), a global leader in digital identity verification, mobile capture and fraud management, today announced the appointment of James ("J.D.") Fay to its board of directors. Mr. Fay will also serve as a member of the board's audit committee. Mr. Fay, who currently serves as Chief Financial Officer at Matterport, Inc. (NASDAQ:MTTR), brings over two decades of financial strategy and operational expertise to Mitek, having played a key role in scaling technology companies from early growth stages to IPO and acquisition. "We are thrilled to welcome J.D. to our board and believe his extensive experience in financial strategy and guiding companies through growth and t
Mitek Systems, Inc. ("Mitek" or the "Company") (NASDAQ:MITK), a global leader in digital identity verification, mobile capture and fraud management, today announced the appointment of Ed West as Chief Executive Officer and a member of the Board of Directors, effective immediately. Scott Carter, who has served as Interim CEO since June 2024, will serve as non-executive Chairman of the Board of Directors. "We are thrilled to welcome Ed to Mitek Systems," said Scott Carter. "Ed's expertise in driving top-line growth through innovative product development and business model transformation will be invaluable as Mitek enters its next chapter. He brings a proven track record of building fintech p
ID R&D, a Mitek Systems company, (NASDAQ:MITK), has set a new benchmark in the fight against digital identity fraud. The company, participating under the anonymized label "PAD-P9," submitted its advanced liveness detection technology, IDLive® Face, in the U.S. Department of Homeland Security (DHS) Science and Technology Directorate's (S&T) evaluation of remote identity validation systems. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250218997067/en/ This test was not just another industry exercise, it was a rigorous assessment of technologies designed to safeguard businesses and consumers from fraud attempts like spoofing and i
Raises Lower-End of Adjusted EBITDA Margin Guidance Range for Fiscal 2025 Mitek Systems, Inc. (NASDAQ:MITK, www.miteksystems.com, "Mitek" or the "Company")), a global leader in digital identity verification, mobile capture and fraud management, today reported financial results for its first quarter ended December 31, 2024 and raised the lower end of its Adjusted EBITDA margin guidance range for its fiscal 2025 full year ending September 30, 2025 ("fiscal 2025"). "We delivered a solid first quarter, with results ahead of our expectations in our SaaS products, which grew 29% year over year, offset by year-over-year variances in software license sales," said Ed West, Mitek's CEO. "We are e
In response to the rise in check fraud incidents across the country, CSI, a leading provider of end-to-end financial software and technology, today announced the launch of its proprietary check fraud detection solution for NuPoint® customers. Enabled by Mitek Systems, the solution equips bank tellers with real-time check fraud detection capabilities. Alternative deposit methods completed through all other channels are evaluated collectively overnight. "Our main goal is to protect our customers. By detecting fraud right at the teller line, we can proactively safeguard their assets," said Heather Deneault, assistant vice president and deposit operations and branch management officer at Deni
Raises Lower-End of Adjusted EBITDA Margin Guidance Range for Fiscal 2025 Mitek Systems, Inc. (NASDAQ:MITK, www.miteksystems.com, "Mitek" or the "Company")), a global leader in digital identity verification, mobile capture and fraud management, today reported financial results for its first quarter ended December 31, 2024 and raised the lower end of its Adjusted EBITDA margin guidance range for its fiscal 2025 full year ending September 30, 2025 ("fiscal 2025"). "We delivered a solid first quarter, with results ahead of our expectations in our SaaS products, which grew 29% year over year, offset by year-over-year variances in software license sales," said Ed West, Mitek's CEO. "We are e
Mitek Systems, Inc. (NASDAQ:MITK), a global leader in digital identity verification, mobile capture and fraud management, today announced that it will conduct a conference call on Monday, February 10th at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss its financial results for the fiscal first quarter ended December 31, 2024. The financial results will be issued in a press release before the call. Mitek CEO Ed West and CFO Dave Lyle will host the call, followed by a question and answer session. Date: Monday, February 10, 2025 Time: 2:00 p.m. Pacific time (5:00 p.m. Eastern time) Toll-free dial-in number: 844-481-3005 International dial-in number: +1 412-317-1889 Participants
Mitek Systems, Inc. (NASDAQ:MITK, www.miteksystems.com, "Mitek" or the "Company")), a global leader in digital identity verification, mobile capture and fraud management, today reported financial results for its fourth quarter ended September 30, 2024 and provided guidance for its 2025 fiscal year ending September 30, 2025. "We reported a solid quarter of year over year revenue growth, profitability and cash generation driven by our team's hard work and operational focus," stated Mitek CFO, Dave Lyle. "The Mitek team has done a tremendous job in delivering value to our customers while we are focusing on driving efficient revenue growth over the long-term." "Mitek has a rich and deep his
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Jefferies downgraded Mitek Systems from Buy to Hold and set a new price target of $9.50 from $17.00 previously
Craig Hallum initiated coverage of Mitek Systems with a rating of Buy and set a new price target of $17.00
Jefferies resumed coverage of Mitek Systems with a rating of Buy and set a new price target of $13.00