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. |
Mitek Systems, Inc. (NASDAQ:MITK, www.miteksystems.com, "Mitek" or the "Company"))), a global leader in digital identity and fraud prevention, today reported financial results for its third quarter ended June 30, 2024 and revised its previously provided guidance for its 2024 fiscal year ending September 30, 2024. Fiscal 2024 Third Quarter Financial Highlights Total revenue was $45.0 million, compared to $43.1 million a year ago, or 4% year-over-year growth. GAAP operating income was $0.7 million, an operating margin of 2%, compared to GAAP operating income of $1.8 million, an operating margin of 4% a year ago. GAAP net income was $0.2 million, or $0.00 per diluted share, compared
Mitek (NASDAQ:MITK, www.miteksystems.com))), a global leader in digital identity and digital fraud prevention, today announced that it will conduct a conference call on Thursday, August 8th at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss its financial results for the fiscal third quarter ended June 30, 2024. The financial results will be issued in a press release prior to the call. Mitek Interim CEO Scott Carter and CFO Dave Lyle will host the call, followed by a question and answer session. Date: Thursday, August 8, 2024 Time: 2:00 p.m. Pacific time (5:00 p.m. Eastern time) Toll-free dial-in number: 888-999-5318 International dial-in number: +1 848-280-6460 Participants:
Company Announces $50 Million Share Repurchase Plan Mitek Systems, Inc. (NASDAQ:MITK, www.miteksystems.com, "Mitek" or the "Company"))), a global leader in digital identity and fraud prevention, today reported financial results for its second quarter ended March 31, 2024, and reiterated its previously provided guidance for its 2024 fiscal year ending September 30, 2024. Fiscal 2024 Second Quarter Financial Results Total revenue was $47.0 million, compared to $46.1 million a year ago. GAAP operating income was $0.7 million, an operating margin of 1%, compared to GAAP operating income of $8.7 million, an operating margin of 19% a year ago. GAAP net income was $0.3 million, or $0.
Scott Carter, Previous Executive Chair of the Board and Current Chairman of the Board, Appointed Interim CEO Search Underway to Identify Permanent CEO Mitek (NASDAQ:MITK, www.miteksystems.com, "Mitek" or the "Company"))), a global leader in digital identity and digital fraud prevention, today announced that the Company's Board of Directors has appointed Scott Carter as Interim CEO, effective June 1, 2024. The Company will terminate the employment of Mitek's current CEO, Max Carnecchia, on May 31, 2024. At the request of the Board, Mr. Carnecchia will remain a member of the Board of Directors and be available to assist with the CEO transition process. The Board has engaged the services
ID R&D, a Mitek Systems company, and the leading provider of AI-driven biometric solutions, proudly announced the appointment of Peter Martis as Vice President of Growth. Respected as a thought leader in biometric technology and renowned for his strategic foresight and transformative leadership, Martis brings a wealth of expertise to this new role and is prepared to launch the company's growth trajectory in both go-to-market and product strategies. In his new role, Peter will be responsible for overseeing the strategic initiatives aimed at expanding market presence and enhancing product offerings. This entails spearheading the creation of innovative products, capabilities, and processes t
Seasoned Technology and Financial Operations Leader Joins Mitek's Executive Team Mitek Systems, Inc. (NASDAQ:MITK, Mitek or the Company))), a global leader in digital identity and fraud prevention is pleased to announce the appointment of David Lyle as Chief Financial Officer (CFO). He will assume the CFO role on January 2, 2024, currently held by Fuad Ahmad, Mitek's current interim CFO, who will remain with Mitek during the next several months to ensure a successful transition. Lyle brings an impressive background with 28 years of technology industry experience, 16 of which were spent leading public companies as CFO, including Surgalign Spine Technologies (SRGAQ), Airgain, Inc. (NASDAQ
Encourages Fellow Stockholders to Vote Against the Re-Election of All Six Mitek Directors Based on Their Significant Destruction of Value and Mismanagement of the Company Hammana Partners LP, Bradley L. Radoff and Joshua E. Schechter (together with their affiliates, the "Concerned Stockholder Group" or "we") are significant stockholders of Mitek Systems, Inc. (NASDAQ:MITK) ("Mitek" or the "Company"). Today, the Concerned Stockholder Group issued the below letter to stockholders ahead of the Company's Annual Meeting of Stockholders on September 10, 2024: September 5, 2024 Fellow Stockholders, Over the past 12 months, we have engaged privately and publicly with Mitek's management and
Mitek's Check Fraud Defender selected by Alogent to bring better check fraud detection to banks and credit unions Mitek Systems, Inc. (NASDAQ:MITK), a global leader in digital identity and fraud prevention, announces the expansion of their partnership with Alogent. Alogent will integrate Mitek's Check Fraud Defender (CFD) into its web-based enterprise deposits automation solution, Unify. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240821938341/en/ According to the annual Federal Reserve Financial Services Survey, in the United States, forms of check fraud including forgery and counterfeiting account for 31% of all bank frau
Mitek Systems Inc. (NASDAQ:MITK) has been named the winner of the prestigious Best Transaction Fraud Monitoring and Decisioning Innovation category in the 2024 Datos Insights' Fraud & AML Impact Awards. This recognition solidifies Mitek's position as an industry leader in fraud detection in financial services, particularly for its groundbreaking product, Check Fraud DefenderTM (CFD). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240820453648/en/(Graphic: Business Wire) This award highlights the strides Mitek continues to make in advancing transaction fraud detection and prevention. CFD sets new industry standards by employing a
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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
Gainers Actelis Networks (NASDAQ:ASNS) stock rose 139.1% to $2.75 during Tuesday's pre-market session. The market value of their outstanding shares is at $9.2 million. MicroAlgo (NASDAQ:MLGO) shares increased by 30.98% to $4.65. The company's market cap stands at $35.4 million. Schmid Group (NASDAQ:SHMD) stock moved upwards by 25.67% to $5.09. The company's market cap stands at $218.7 million. Ostin Technology Group (NASDAQ:OST) stock increased by 18.25% to $0.49. The company's market cap stands at $7.1 million. Comtech Telecom (NASDAQ:CMTL) shares rose 17.97% to $2.56. The market value of their outstanding shares is at $72.8 million. As per the news, the Q3 earnings report came out tod
Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Mitek Systems (NASDAQ:MITK) in the last three months. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 0 0 0 0 Last 30D 1 0 0 0 0 1M Ago 2 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 0 0 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $19.0, a high estimate of $19.00, and a low estimate of $19.00. Witnessing a positive shift, the current aver
HC Wainwright & Co. analyst Scott Buck reiterates Mitek Systems (NASDAQ:MITK) with a Buy and maintains $19 price target.