Mitek Systems Inc. (NASDAQ:MITK)

CAPS Rating: 3 out of 5

MITK News and Commentary

Caps

How do you think MITK will perform against the market?

Add Stock to CAPS Watchlist

All Players

89 Outperform
11 Underperform
 

All-Star Players

13 Outperform
7 Underperform
 

Wall Street

3 Outperform
1 Underperform
 

Top MITK Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

nevercontent (84.82)
Submitted December 31, 2015

Mitek is already the first-mover and top dog in mobile deposits, and yet the entire industry has only captured 5% of physical check deposits, leading to lots of room for growth even if physical checks themselves are in decline.But I think the big… More

BuffettJunior1 (97.82)
Submitted October 16, 2011

The only way this company is making money is by fooling investors to buy its stock. I just don't understand how people fall for these bad investments. The company's stock based compensation alone is almost higher than its revenue. This is a huge red… More

MITK VS S&P 500 (SPY)

Fools bullish on MITK are also bullish on:

Recent Community Commentary

Read the most recent pitches from players about MITK.

Recs

0
Member Avatar TMFPencils (99.89) Submitted: 2/7/2018 11:16:42 AM : Outperform Start Price: $7.38 MITK Score: +7.92

Mitek's bread and butter has largely been providing the tech behind mobile check deposits. Overall mobile check deposits are growing at a ~20% annual pace in the US but still make up less than 3% of the total 17 billion check deposits made in the US each year. Still a lot of room for that market to grow, from the looks of it.

The company is also building a digital identity verification business (using things like driver licenses, passports, selfies, etc. to verify identities -- more than a social security number). Currently Mitek serves 6,100 financial services organizations and other brands worldwide (embedding its tech into native mobile apps and sites of its customers), which collectively reach more than 80 million end users/consumers.

Currently the market cap is ~$255 million, and the company has no debt with $38M+ in cash. TTM FCF is $13.5M. The company has made two acquisitions over the past couple years to branch out its geographic reach and product breadth. Revenue CAGR over past three years is 34%, and grew 31% in latest quarter. Seems likely they can grow revenue at a 25%+ rate for the foreseeable future.

Trading for a reasonable 19.3x FCF right now. Still observing and learning, but I think this historical winner is in a nice position to keep on winning over the long haul. Outperform.

Recs

0
Member Avatar SaintCroix (98.94) Submitted: 2/3/2018 9:37:47 AM : Outperform Start Price: $7.25 MITK Score: +10.47

This is a company that provides cell phone image capture and identify verification software to banks and other enterprise clients. Customers can use their smart phone to take their own picture and identify who they are via face-recognition technology. It offers Mobile Deposit that allows individuals to remotely deposit checks using their smart phone, and Mobile Verify, an identity verification solution that can be integrated into mobile apps.

6100 financial institutions use their mobile deposit solution. That's their main business right now, and they are forecasting 10-20% growth for the foreseeable future.

Bank cost for customer going in to see a teller: a couple of bucks
Bank cost for customer using an ATM: a buck
Bank cost for customer using smart phone: ten cents

They anticipate a 70% growth rate in their ID business. Recently signed a large airline as a client, which is a new vertical for them. Using your smart phone, a customer can send a photograph of their passport to the airline to verify who they are.

Over the last 10 years, stock has been a 20-bagger. Had a nice pullback in 2018 (down 19% so far), so the price is right. Outperform.

Recs

0
Member Avatar smith972 (76.05) Submitted: 11/22/2016 5:25:12 PM : Outperform Start Price: $6.02 MITK Score: -1.49

I just started to deposit checks by phone, I was nervous at first, but I love it now. I wonder how many will start soon?

Leaderboard

Find the members with the highest scoring picks in MITK.

Score Leader

wfm100

wfm100 (< 20) Score: +227.37

The Score Leader is the player with the highest score across all their picks in MITK.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
wfm100 < 20 8/27/2014 Outperform 5Y $2.20 +263.64% +36.26% +227.37 1 Comment
kaleidescopic 22.14 9/2/2011 Underperform 3W $11.94 -33.00% +129.70% +162.70 0 Comment
BuffettJunior1 97.82 10/17/2011 Underperform 5Y $11.83 -32.37% +125.56% +157.93 4 Comments
gunterle 66.10 3/20/2015 Outperform 5Y $2.83 +182.69% +29.58% +153.11 1 Comment
s7evenofspades 22.82 5/4/2012 Outperform 5Y $2.55 +213.73% +97.17% +116.56 0 Comment
Secretsinc < 20 4/17/2014 Outperform 5Y $3.38 +136.69% +46.93% +89.76 0 Comment
metaBot < 20 6/30/2014 Outperform 5Y $3.50 +128.57% +39.56% +89.02 0 Comment
Zdbrowning < 20 6/8/2015 Outperform 5Y $3.81 +109.97% +30.28% +79.70 0 Comment
foodbag 65.45 12/5/2012 Outperform 5Y $2.99 +167.56% +94.15% +73.41 0 Comment
Exponentialpicks 61.86 6/10/2015 Outperform 5Y $3.98 +101.01% +29.30% +71.71 0 Comment

Wall Street

See what the Wall Street professionals think, according to their public statements and filings.

Player Name Player
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
S&P
Gain
Score End Date Commentary
TrackJimCramer 85.34 5/11/2016 Outperform 3W $8.47 -5.55% +32.26% -37.81 0 Comment
trackmerriman 69.73 5/21/2012 Outperform NS $2.02 +296.04% +109.83% +186.21 0 Comment
TrackUltraLong < 20 4/10/2012 Underperform NS $6.47 +23.65% +97.98% +74.33 1 Comment
TrackNeedham 91.09 3/26/2012 Outperform NS $12.08 -33.77% +94.18% -127.95 0 Comment
TrackJMP 83.05 3/6/2012 Outperform NS $11.68 -31.23% +3.48% -34.71 4/9/2012 @ $8.03 0 Comment
TrackBWS 96.77 8/9/2011 Outperform NS $7.78 +25.19% -0.90% +26.10 9/22/2011 @ $9.74 0 Comment

Featured Broker Partners