Mitek Systems downgraded by Jefferies with a new price target
$MITK
Computer peripheral equipment
Technology
Jefferies downgraded Mitek Systems from Buy to Hold and set a new price target of $9.50 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. |
SC 13G/A - MITEK SYSTEMS INC (0000807863) (Subject)
SC 13G/A - MITEK SYSTEMS INC (0000807863) (Subject)
SC 13G/A - MITEK SYSTEMS INC (0000807863) (Subject)
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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.
4 - MITEK SYSTEMS INC (0000807863) (Issuer)
3 - MITEK SYSTEMS INC (0000807863) (Issuer)
4 - MITEK SYSTEMS INC (0000807863) (Issuer)
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
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.
SCHEDULE 13G - MITEK SYSTEMS INC (0000807863) (Subject)
8-K - MITEK SYSTEMS INC (0000807863) (Filer)
8-K - MITEK SYSTEMS INC (0000807863) (Filer)
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
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
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
Mitek Systems, Inc. (NASDAQ:MITK), a global leader in digital identity verification, mobile capture, and fraud management solutions, announced today it granted equity awards as a material inducement to the employment of the company's newly-hired Chief Executive Officer, Edward H. West. The overarching philosophy in the design of Mr. West's compensation package was an emphasis on equity-based compensation directly tied to building stockholder value in lieu of significant guaranteed cash and/or service-based equity. To this end, in connection with Mr. West's appointment as the Company's Chief Executive Officer, its Board and Compensation Committee approved employment inducement awards for Mr