Added to YB: 2025-04-08
Pitch date: 2025-02-19
MITK [bullish]
Mitek Systems, Inc.
+39.83%
current return
Author Info
No bio for this author
Company Info
Mitek Systems, Inc. provides digital identity verification and fraud prevention solutions worldwide. The company offers Mobile Deposit, a mobile remote deposit capture solution for retail financial institutions, brokerages, and prepaid card providers; Check Fraud Defender, a cloud-hosted fraud mitigation service; Mitek Verified Identity Platform, an end-to-end identity verification solution; Mobile Verify, an omnichannel identity document verification engine; MiSnap, a software development kit that replaces manual image capture with auto-capture; CheckReader, which enables financial institutions to automatically extract data from checks once they have been scanned or photographed by the application; and Check Intelligence, a check fraud solution.
Market Cap
$607.2M
Pitch Price
$9.44
Price Target
22.20 (+68%)
Dividend
N/A
EV/EBITDA
13.93
P/E
39.07
EV/Sales
3.10
Sector
Software
Category
turnaround
Mitek Systems, Inc. - $MITK
MITK: 135% upside in 2-3 yrs. $435M cap, 10% FCF yield. New CEO Ed West. Mobile check deposit monopoly (90% US mkt), growing Check Fraud Defender (100%+ ARR growth), turnaround Identity segment. $1.25-$1.35 GAAP FCF/share FY28. 33% IRR. Risks: Identity scaling, check volume decline.
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