Top 5 Stocks to Buy Today According to Stephen Perkins’ Toronado Partners

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1. Mitek Systems, Inc. (NASDAQ: MITK)

Perkins’ Stake Value: $44,623,000
Percentage of Stephen Perkins’ 13F Portfolio: 13%
Number of Hedge Fund Holders: 17

Mitek Systems, Inc. (NASDAQ: MITK) is a multinational company that develops, promotes, and sells mobile image capture and digital identity verification products. The company was incorporated in 1986 and is ranked first on the list of top 10 stocks to buy today according to Stephen Perkins’ Toronado Partners. Shares of Mitek Systems, Inc. (NASDAQ: MITK) surged 95.83% in the past 12 months. 

On August 12, H.C. Wainwright analyst Scott Buck initiated coverage of Mitek Systems, Inc. (NASDAQ: MITK) with a “Buy” rating and gave a price target of $27. On July 29, Mitek Systems, Inc. (NASDAQ: MITK) reported earnings for the third quarter of 2021. It posted earnings per share of $0.23, beating the estimates by $0.07. 

Toronado Partners holds 2.32 million shares in Mitek Systems, Inc. (NASDAQ: MITK), worth $44.62 million, representing 13% of their portfolio. Mitek Systems, Inc. (NASDAQ: MITK) saw an increase in hedge fund sentiment recently. The number of hedge fund positions increased to 17 in the second quarter of 2021 compared to 15 positions in the previous quarter.

You can also take a peek at 10 Best Tech Growth Stocks to Buy Right Now and 10 Best Tech Stocks to Buy According to Stanley Druckenmiller 

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