IGO (OTCMKTS:IGOI) and Mitek Systems (NASDAQ:MITK) are both small-cap computer and technology companies, but which is the better investment? We will compare the two companies based on the strength of their valuation, profitability, institutional ownership, risk, earnings, dividends and analyst recommendations.
This table compares IGO and Mitek Systems’ net margins, return on equity and return on assets.
Risk & Volatility
IGO has a beta of 0.27, indicating that its stock price is 73% less volatile than the S&P 500. Comparatively, Mitek Systems has a beta of -0.39, indicating that its stock price is 139% less volatile than the S&P 500.
Valuation and Earnings
This table compares IGO and Mitek Systems’ revenue, earnings per share (EPS) and valuation.
IGO has higher earnings, but lower revenue than Mitek Systems.
Insider & Institutional Ownership
45.8% of Mitek Systems shares are owned by institutional investors. 4.3% of IGO shares are owned by insiders. Comparatively, 7.5% of Mitek Systems shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
This is a breakdown of recent recommendations and price targets for IGO and Mitek Systems, as provided by MarketBeat.com.
Mitek Systems has a consensus price target of $15.00, suggesting a potential upside of 49.40%. Given Mitek Systems’ higher probable upside, analysts clearly believe Mitek Systems is more favorable than IGO.
Mitek Systems beats IGO on 7 of the 11 factors compared between the two stocks.
IGO Company Profile
iGo, Inc., together with its subsidiaries, designs, develops, manufactures, and distributes products for mobile electronic devices in North America, Europe, and the Asia Pacific. Its products include chargers and surge protectors for laptops, as well as for other mobile electronic devices; batteries; and audio products comprising ear-buds, headphones, and portable speakers. The company also offers protection products, such as skins, cases, and screen protectors; and other mobile electronic accessory products, including portable computer stands and other miscellaneous mobile electronic accessories. It markets and sells its products to retailers, resellers, distributors, and wireless carriers, as well as directly to end users through its iGo.com and Aerial7 Websites. The company was formerly known as Mobility Electronics, Inc. and changed its name to iGo, Inc. in May 2008. iGo, Inc. was founded in 1995 and is based in Scottsdale, Arizona.
Mitek Systems Company Profile
Mitek Systems, Inc. develops, markets, and sells mobile image capture and identity verification software solutions for enterprise customers worldwide. The company’s solutions are embedded in native mobile apps and mobile optimized Websites to enhance mobile user experiences and transactions. It offers Mobile Deposit that allows individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; Mobile Verify, an identity verification solution that can be integrated into mobile apps, mobile Websites, and desktop applications; Mobile Fill to pre-fill forms with personal data by simply snapping a picture of the consumer’s driver license, credit card, or other document; Mobile Docs, a mobile document scanning solution; and MiSnap Multi-Check Capture, a software development kit that banks embed in their business banking app that facilitates capture of various checks in one deposit session. The company markets and sells its solutions primarily to banks, credit unions, lenders, payments processers, card issuers, insurers, etc. through direct sales teams and channel partners. Mitek Systems, Inc. was founded in 1983 and is headquartered in San Diego, California.