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Mitek worth $18.50-$20 in takeout - Benchmark

Mar. 29, 2019 7:10 AM ETMitek Systems, Inc. (MITK) StockMITKBy: Brandy Betz, SA News Editor3 Comments
  • Mitek Systems (NASDAQ:MITK) could see $18.50 to $20 per share in a a potential takeout, according to Benchmark analyst Mark Schappel.
  • The analyst sees the takeout value as "considerably" higher than the current market cap and estimates the firm value at $15.44 per share.
  • The lower end of his range assumes a "conservative" 20% takeout premium.
  • Mitek shares are up 4.3% pre-market to $12.26.

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