Mitek Systems (MITK) Reports In-Line Q1 EPS

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Mitek Systems (MITK) PT Lowered to $8 at Needham & Company Following 1Q Report

February 2, 2017 2:16 PM EST

Needham & Company lowered its price target on Mitek Systems (NASDAQ: MITK) to $8.00 (from $9.50) while maintaining a Buy rating following the company's 1Q earnings report. Revenue grew 25% y/y to $9.3M in Q1 which was driven in part by strong deposit trends and growth in on-prem ID... More