MITK - Mitek Systems, Inc.

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
10.41
-0.13 (-1.23%)
At close: 4:00PM EST

10.41 0.00 (0.00%)
After hours: 4:00PM EST

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Previous Close10.54
Open10.54
Bid10.26 x 1400
Ask10.92 x 900
Day's Range10.37 - 10.75
52 Week Range6.32 - 10.75
Volume394,030
Avg. Volume391,249
Market Cap395.176M
Beta (3Y Monthly)-0.48
PE Ratio (TTM)N/A
EPS (TTM)-0.33
Earnings DateOct 2, 2017 - Oct 6, 2017
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est14.40
Trade prices are not sourced from all markets
  • GuruFocus.com15 hours ago

    Mitek Systems Inc (MITK) Files 10-K for the Fiscal Year Ended on September 30, 2018

    Warning! GuruFocus has detected 3 Warning Signs with MITK. For the last quarter Mitek Systems Inc reported a revenue of $21.0 million, compared with the revenue of $12.90 million during the same period a year ago. For the last five years Mitek Systems Inc had an average revenue growth rate of 33.8% a year.

  • Moody's3 days ago

    ASG Technologies Group, Inc. -- Moody's says ASG Technologies' ratings unaffected by the revised offer to acquire Mitek

    Moody's Investors Service (Moody's) said that ASG Technologies Group, Inc.'s B2 Corporate Family Rating and stable ratings outlook are not affected at this time by ASG's increased offer to acquire Mitek Systems, Inc. On 10 December 2018, ASG Technologies Group, Inc. and the affiliates of Elliott Associates, L.P., ASG's financial sponsors, made public their increased offer to acquire Mitek Systems, Inc. for $11.50 per share in cash, up from the $10 per share offer that was made public on 31 October 2018.

  • Reuters3 days ago

    Mitek rejects ASG's latest offer, says undervalues company

    In a public letter released on Monday, hedge fund Elliott Management Corp's ASG Technologies raised its offer to buy Mitek to $11.50 per share from $10 previously on Oct. 31. Following ASG's latest offer, Mitek said it offered ASG the opportunity to access preliminary diligence on a confidential, non-exclusive basis to provide ASG an opportunity to increase its offer price. "We requested that ASG and Elliott agree to a confidentiality agreement, including a customary standstill, to prevent the misuse of the company's confidential and proprietary information," Mitek said.

  • Reuters3 days ago

    Mitek rejects ASG's latest offer, says undervalues company

    Mitek Systems Inc on Tuesday rejected ASG Technologies Group Inc's latest buyout offer, saying it undervalued the financial technology provider. In a public letter released on Monday, hedge fund Elliott Management Corp's ASG Technologies raised its offer to buy Mitek to $11.50 per share from $10 previously on Oct. 31. Following ASG's latest offer, Mitek said it offered ASG the opportunity to access preliminary diligence on a confidential, non-exclusive basis to provide ASG an opportunity to increase its offer price.

  • GuruFocus.com4 days ago

    US Stocks Rebound Monday

    Elliott Management's ASG Technologies Group increases offer to buy Mitek Systems

  • Reuters4 days ago

    ASG raises offer to buy Mitek to $11.50 per share

    Hedge fund Elliott Management Corp's ASG Technologies Group Inc raised its offer to buy Mitek Systems Inc to $11.50 per share from $10, in its latest attempt to buy the provider of financial technology to banks. ASG said it made the offer public because Mitek refused to engage with the hedge fund on "reasonable terms." Mitek could not immediately be reached for comment. Mitek's shares were up 10 percent at $9.96.

  • Zacks.com highlights: Vericel, Mitek, Vanda Pharmaceuticals, Mosaic and Spirit Airlines
    Zacks16 days ago

    Zacks.com highlights: Vericel, Mitek, Vanda Pharmaceuticals, Mosaic and Spirit Airlines

    Zacks.com highlights: Vericel, Mitek, Vanda Pharmaceuticals, Mosaic and Spirit Airlines

  • 5 Stocks With Recent Price Strength to Strengthen Portfolio
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  • 5 Affordable Breakout Stocks Providing Attractive Returns
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  • GlobeNewswire24 days ago

    SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Concerning Possible Breaches of Fiduciary Duty by the Board of Directors of Mitek Systems, Inc.

    NEW YORK, Nov. 20, 2018 -- Levi & Korsinsky announces it has commenced an investigation of Mitek Systems, Inc. (NASDAQCM: MITK) concerning possible breaches of fiduciary.

  • Reuters24 days ago

    Hedge fund Elliott raises pressure on Mitek after takeover bid rejected

    Hedge fund Elliott Management on Tuesday asked Mitek Systems Inc to scrap a so-called "poison pill" to let it buy more stock and said it may press for board changes after the software company took steps to protect itself from the activist investor. Elliott, which invests more than $34 billion, wrote to Mitek's board and asked for "relief from the poison pill recently enacted" in order to buy as much as 14.9 percent of the company's stock. Elliott has not disclosed the size of its stake, which includes common stock and swaps, but has said it is one of the company's biggest shareholders.

  • Reuters24 days ago

    Hedge fund Elliott raises pressure on Mitek after takeover bid rejected

    Hedge fund Elliott Management on Tuesday asked Mitek Systems Inc to scrap a so-called poison pill to let it buy more stock and said it may press for board changes after the software company took steps to protect itself from the activist investor. Elliott is increasing the pressure on San Diego-based Mitek at a time that software company ASG Technologies, which the hedge fund owns, has been pushing to buy Mitek for $10 a share. Elliott wrote that ASG President and Chief Executive Charles Sansbury first approached Mitek about a possible takeover in August, roughly one week before the company announced that long-serving CEO James DeBello and chief financial officer Jeff Davison would be leaving.

  • Business Wire25 days ago

    Elliott Management Sends Letter to Mitek Board of Directors

    Elliott Management Corporation (“Elliott”), which manages funds that collectively have made a substantial investment in the common stock and economic equivalents of Mitek Systems, Inc. (together with its subsidiaries, collectively the “Company” or “Mitek”), making Elliott one of Mitek’s largest investors, today wrote a letter to the Mitek Board of Directors. In the letter, Elliott questioned if the Board’s priorities are aligned with those of shareholders, citing recent examples of entrenchment through the adoption of a “poison pill,” as well as misleading statements surrounding the timeline of ASG’s approaches to Mitek.

  • GlobeNewswire26 days ago

    Identity verification may reduce cost of compliance by up to 70% for digital lenders

    A whitepaper released today by Mitek (MITK), authored by Fintech research practice Autonomous NEXT found that the opportunity is ripe for digital lenders to grow – if they continue to invest in digitisation. The whitepaper, entitled ‘European Digital Lenders: How operating efficiency is helping digital lenders attack a $150 billion annual origination market across the Eurozone in 2018’, looked into the state of the digital lending market in Europe. It found that while European digital lenders are growing quickly, digital share is still low relative to the addressable market opportunity.

  • Thomson Reuters StreetEvents28 days ago

    Edited Transcript of MITK earnings conference call or presentation 1-Nov-18 8:30pm GMT

    Q4 2018 Mitek Systems Inc Earnings Call

  • Paul Singer Adds 6 Stocks to Portfolio
    GuruFocus.com28 days ago

    Paul Singer Adds 6 Stocks to Portfolio

    Elliott Management leader Paul Singer (Trades, Portfolio) disclosed that he established six new positions when he released his third-quarter portfolio earlier this week. Warning! GuruFocus has detected 5 Warning Signs with FE. As a well-known activist investor, the guru's New York-based firm takes large stakes in underperforming companies and then encourages management to implement changes that will improve performance and profitability.

  • GlobeNewswirelast month

    New Research: Key Drivers of Growth for Bunge, Mitek, InfraREIT, Trimble, PPL, and Enterprise Products Partners — Factors of Influence, Major Initiatives and Sustained Production

    NEW YORK, Nov. 07, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.

  • GlobeNewswirelast month

    Mitek System’s Board of Directors Unanimously Rejects Unsolicited Proposal from ASG Technologies

    Mitek Systems, Inc. (NASDAQ: MITK, www.miteksystems.com), a global leader in mobile capture and digital identity verification solutions, today announced that its Board of Directors, after consultation with its financial and legal advisors, has unanimously determined that the non-binding, unsolicited proposal to acquire Mitek, made public by press release on October 31, 2018, from ASG Technologies Group, Inc., a portfolio company of Elliott Associates, L.P. and Elliott International, L.P., is not in the best interests of Mitek’s shareholders. “Mitek sits at the forefront of powerful global trends in mobile commerce and is well-positioned to deliver significant and sustained growth, as we tap into our technology leadership, customer relationships and proven ability to innovate and scale,” said Bruce Hansen, Chairman of Mitek.  “Mitek has achieved record revenue for both the fourth quarter and full year 2018, as well as its nineteenth consecutive quarter of non-GAAP profitability.  The growth trajectory of the Company is substantial, and we are making excellent progress in our search to name Mitek’s new CEO.  ASG’s opportunistically-timed proposal and tactics are designed to seize for ASG value that belongs to Mitek’s shareholders.

  • Mitek Systems (MITK) Q4 Earnings and Revenues Beat Estimates
    Zackslast month

    Mitek Systems (MITK) Q4 Earnings and Revenues Beat Estimates

    Mitek Systems (MITK) delivered earnings and revenue surprises of 55.56% and 4.65%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?

  • Associated Presslast month

    Mitek Systems: Fiscal 4Q Earnings Snapshot

    The San Diego-based company said it had a loss of 6 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and stock option expense, came to 14 cents per share. The results topped ...

  • GlobeNewswirelast month

    Mitek Reports Record Fourth Quarter Revenue, Up 63% Year Over Year

    SAN DIEGO, Nov. 01, 2018 -- Mitek (NASDAQ: MITK, www.miteksystems.com), a global leader in mobile capture and digital identity verification solutions, today announced its.

  • Reuterslast month

    Elliott's ASG says it wants to buy Mitek, shares jump

    NEW YORK/BOSTON, Oct 31 (Reuters) - Hedge fund Elliott Management Corp's software company ASG Technologies said on Wednesday it was offering to buy Mitek Systems Inc for $10 a share after the provider of financial technology to banks rejected an earlier takeover approach. Mitek said in a statement that "Mitek Board of Directors, in consultation with its financial and legal advisors, will carefully review and consider the proposal in order to pursue the course of action that is in the best interests of Mitek shareholders." It said it would not comment until the board had completed its review.

  • Why Mitek Systems Is Rocketing Higher Today
    Motley Foollast month

    Why Mitek Systems Is Rocketing Higher Today

    Shares jump after a hedge fund makes an offer to buy the business. Here's what investors need to know.