Mitek Systems (MITK) Stock Price, News & Analysis

Company Overview

Mitek Systems, Inc. (NASDAQ: MITK) is a software company specializing in mobile capture and digital identity verification solutions. Headquartered in San Diego, California, Mitek develops and licenses patented technology that enables organizations to securely capture, authenticate and process identity documents, checks and other physical media using smartphones and other digital devices. Its platforms leverage advanced image processing, machine learning and biometrics to streamline customer onboarding and prevent fraud in real time.

The company’s core offerings include mobile check deposit and deposit automation tools for financial institutions, as well as identity verification and authentication services for banks, fintechs, insurers and government agencies. Mitek’s software can extract data from driver’s licenses, passports and other identity documents, compare user selfies to document images, and assess liveness to guard against spoofing and synthetic identity fraud. These solutions integrate via APIs and SDKs into mobile apps, web portals and back-office systems.

Mitek serves a global customer base across North America, Europe, the Asia-Pacific region and Australia. Its technology is embedded in the digital workflows of major banks, credit unions, payment processors and emerging financial services providers, helping them accelerate digital onboarding, reduce operational costs and enhance regulatory compliance. The company also works with insurance carriers and regulators to support paper-to-digital transitions and secure claims processing.

Founded in the mid-1980s, Mitek has evolved from a pioneer in imaging software into a leader in digital identity solutions. The company is led by President and Chief Executive Officer James DeBello, who has guided Mitek’s expansion into new markets and the development of its AI-driven platform. As a publicly traded firm listed on the NASDAQ, Mitek continues to invest in research and development to advance mobile capture, identity verification and fraud prevention technologies.

Key Stats

• Today's Range: $15.13 to $15.56
• 50-Day Range: $12.39 to $15.40
• 52-Week Range: $8.23 to $15.80
• Volume: 1.36 million shs
• Average Volume: 967,402 shs
• Market Capitalization: $697.93 million
• P/E Ratio: 44.00
• Dividend Yield: N/A
• Price Target: $16.00
• Consensus Rating: Hold

Mitek Systems Stock Analysis - MarketRank™

Mitek Systems scored higher than 51% of companies evaluated by MarketBeat, and ranked 419th out of 624 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

Mitek Systems has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on no strong buy ratings, 1 buy rating, 2 hold ratings, and no sell ratings.

Upside/Downside

The consensus price target for Mitek Systems is close to its current price, suggesting limited near-term upside or downside.

Amount of Analyst Coverage

Mitek Systems has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 7.95%

Earnings Growth

Earnings for Mitek Systems are expected to grow by 7.95% in the coming year, from $0.88 to $0.95 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Mitek Systems is 44.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 44.04.

Price to Earnings Ratio vs. Sector

The P/E ratio of Mitek Systems is 44.00, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 163.90.

Price to Book Value per Share Ratio

Mitek Systems has a P/B Ratio of 2.93. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

6.56% of the float of Mitek Systems has been sold short.

Short Interest Ratio / Days to Cover

Mitek Systems has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Mitek Systems has recently increased by 28.93%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Mitek Systems does not currently pay a dividend.

Dividend Growth

Mitek Systems does not have a long track record of dividend growth.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 0.53

News Sentiment

Mitek Systems has a news sentiment score of 0.53. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Mitek Systems this week, compared to 2 articles on an average week.

Search Interest

10 people have searched for MITK on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

6 people have added Mitek Systems to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Mitek Systems insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,123,204.00 in company stock.

Percentage Held by Insiders

2.20% of the stock of Mitek Systems is held by insiders.

Percentage Held by Institutions

83.64% of the stock of Mitek Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MITK Stock Analysis - Frequently Asked Questions

How have MITK shares performed this year?

Mitek Systems' stock was trading at $10.55 at the beginning of the year. Since then, MITK stock has increased by 46.0% and is now trading at $15.40.

How were Mitek Systems' earnings last quarter?

Mitek Systems, Inc. (NASDAQ:MITK) posted its quarterly earnings results on Thursday, February, 5th. The software maker reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.06. The software maker had revenue of $44.24 million for the quarter, compared to the consensus estimate of $42.44 million. Mitek Systems had a net margin of 8.67% and a trailing twelve-month return on equity of 16.86%.
Read the conference call transcript.

Who are Mitek Systems' major shareholders?

Mitek Systems' top institutional investors include Hillsdale Investment Management Inc. (1.13%), Skylands Capital LLC (0.87%), Bank of New York Mellon Corp (0.59%) and North Star Investment Management Corp. (0.27%). Insiders that own company stock include Scipio Maximus Carnecchia, Garrett Gafke, Michael E Diamond, Jason Gray, Christopher H Briggs, Edward H West and Donna Wells.
View institutional ownership trends.

How do I buy shares of Mitek Systems?

Shares of MITK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Mitek Systems own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Mitek Systems investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Meta Platforms (META), Tesla (TSLA), Broadcom (AVGO), Netflix (NFLX) and PayPal (PYPL).

Company Calendar

• Last Earnings: 2/05/2026
• Today: 5/05/2026
• Next Earnings (Confirmed): 5/07/2026
• Fiscal Year End: 9/30/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: COMP - OPTICL REC
• Sub-Industry: Computer Hardware
• Current Symbol: NASDAQ:MITK
• CIK: 807863
• Web: www.miteksystems.com
• Phone: (619) 269-6800
• Fax: 619-269-6801
• Employees: 450
• Year Founded: 1985

Price Target and Rating

• Average Price Target for Mitek Systems: $16.00
• High Price Target: $17.00
• Low Price Target: $15.00
• Potential Upside/Downside: +3.9%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.35
• Trailing P/E Ratio: 44.00
• Forward P/E Ratio: 17.50
• P/E Growth: N/A
• Net Income: $8.80 million
• Net Margins: 8.67%
• Pretax Margin: 11.20%
• Return on Equity: 16.86%
• Return on Assets: 8.84%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.18
• Quick Ratio: 1.18

Sales & Book Value

• Annual Sales: $179.69 million
• Price / Sales: 3.88
• Cash Flow: $1.24 per share
• Price / Cash Flow: 12.38
• Book Value: $5.26 per share
• Price / Book: 2.93

Miscellaneous

• Outstanding Shares: 45,320,000
• Free Float: 44,319,000
• Market Cap: $697.93 million
• Optionable: Optionable
• Beta: 0.95