Added to YB: 2024-07-05
Pitch date: 2024-07-03
MITK [bullish]
Mitek Systems, Inc.
-10.74%
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
$11.27
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.63
P/E
26.86
EV/Sales
2.23
Sector
Software
Category
value
Show full summary:
Reiterating 'Buy' On These Picks - Mitek Systems, Inc.
MITK: Check capture monopoly w/ 30-31% op margin, 15x P/E. ID verification biz struggling but potential w/ AI scam rise. New CEO, $50M buyback. Risks: patent litigation, check decline. Guidance: 12% rev growth (ex one-time). Bull case: undervalued deposits biz + ID verification optionality. Triple-digit upside potential.
Read full article (3 min)