Mitek Systems (NASDAQ: MITK) is one of 22 publicly-traded companies in the “Computer peripheral equipment, not elsewhere classified” industry, but how does it compare to its competitors? We will compare Mitek Systems to related businesses based on the strength of its risk, valuation, institutional ownership, profitability, earnings, analyst recommendations and dividends.
Volatility & Risk
Mitek Systems has a beta of 0.47, suggesting that its share price is 53% less volatile than the S&P 500. Comparatively, Mitek Systems’ competitors have a beta of 0.61, suggesting that their average share price is 39% less volatile than the S&P 500.
This table compares Mitek Systems and its competitors top-line revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Mitek Systems||$45.39 million||$14.09 million||37.86|
|Mitek Systems Competitors||$1.45 billion||$9.02 million||20.40|
Mitek Systems’ competitors have higher revenue, but lower earnings than Mitek Systems. Mitek Systems is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.
Institutional & Insider Ownership
46.7% of Mitek Systems shares are held by institutional investors. Comparatively, 51.0% of shares of all “Computer peripheral equipment, not elsewhere classified” companies are held by institutional investors. 7.5% of Mitek Systems shares are held by insiders. Comparatively, 16.1% of shares of all “Computer peripheral equipment, not elsewhere classified” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
This is a breakdown of current recommendations and price targets for Mitek Systems and its competitors, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Mitek Systems Competitors||135||733||1393||49||2.59|
Mitek Systems presently has a consensus price target of $12.25, suggesting a potential upside of 54.09%. As a group, “Computer peripheral equipment, not elsewhere classified” companies have a potential upside of 4.99%. Given Mitek Systems’ stronger consensus rating and higher probable upside, equities analysts clearly believe Mitek Systems is more favorable than its competitors.
This table compares Mitek Systems and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Mitek Systems Competitors||-12.20%||-13.19%||-2.68%|
Mitek Systems beats its competitors on 8 of the 13 factors compared.
About Mitek Systems
Mitek Systems, Inc. develops, markets and sells mobile capture and identity verification software solutions for enterprise customers. The Company’s technology allows users to remotely deposit checks, open accounts, get insurance quotes, pay bills, as well as verify their identity by taking pictures of various documents with their camera-equipped smartphones and tablets instead of using the device keyboard. Its technology uses algorithms to correct image distortion, extract relevant data, route images to their desired location and process transactions. Its technology processes images of documents in various ways. The Company’s products include Mobile Verify, Mobile Fill, Mobile Docs, Mobile Deposit and Commercial Mobile Deposit Capture. Its mobile technology solutions are provided in two parts: a software development kit (SDK) for mobile capture, and a software platform for image correction, detection, extraction and authentication.
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