Added to YB: 2018-12-11
Pitch date: 2018-12-11
MITK [bullish]
Mitek Systems, Inc.
-1.37%
current return
Author Info
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Company Info
Mitek Systems, Inc. provides mobile image capture and digital identity verification solutions worldwide.
Market Cap
$409.5M
Pitch Price
$10.20
Price Target
11.50 (+14%)
Dividend
N/A
EV/EBITDA
10.63
P/E
26.86
EV/Sales
2.23
Sector
Software
Category
special_situation
Show full summary:
Mitek Systems: Elliott Bear Hug
MITK: Elliott mgmt hostile bid at $11.50/sh for mobile check deposit & ID verification software co. Other suitors interested. Upside: Deal at higher price. Downside: Temporary pullback, but growing biz provides support. Mgmt overmatched by Elliott.
Read full article (2 min)