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Mitek Systems (MITK) Stock Price, News & Analysis

-0.26 (-2.06%)
(As of 03:08 PM ET)
Today's Range
50-Day Range
52-Week Range
177,155 shs
Average Volume
510,503 shs
Market Capitalization
$577.39 million
P/E Ratio
Dividend Yield
Price Target

Mitek Systems MarketRank™ Stock Analysis

Analyst Rating
3.00 Rating Score
51.0% Upside
$19.00 Price Target
Short Interest
10.13% of Shares Sold Short
Dividend Strength
News Sentiment
0.42mentions of Mitek Systems in the last 14 days
Based on 5 Articles This Week
Insider Trading
Proj. Earnings Growth
From $0.78 to $0.88 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.90 out of 5 stars

Computer And Technology Sector

427th out of 585 stocks

Computer Peripheral Equipment, Not Elsewhere Classified Industry

11th out of 13 stocks

MITK stock logo

About Mitek Systems Stock (NASDAQ:MITK)

Mitek Systems, Inc. provides mobile image capture and digital identity verification solutions worldwide. Its product portfolio includes Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications; and Mobile Fill, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion. The company also offers MiSnap, a mobile-capture software development kit that enables an intuitive user experience and instant capture of quality images of identity documents and checks. CheckReader enables financial institutions to automatically extract data from checks once they have been scanned or photographed by the application; Check Fraud Defender, an AI-powered and cloud-hosted model for fighting check fraud; and Check Intelligence that enables financial institutions to automatically extract data from a check image received across any deposit channel, including branch, ATM, remote deposit capture, and mobile. In addition, it provides MiVIP, an end-to-end KYC platform that allows companies to design, build, and deploy robust KYC journeys with little or no development resources; and MiPass provides protection against most sophisticated forms of identity theft and dangerous fraud techniques, such as deepfakes and synthetic identities. Further, the company provides ID_CLOUD, an automated identity verification solution that is integrated into a customers' application to read and validate identity documents; IDLive Face, a passive facial liveness detection product; IDVoice, a robust AI-driven voice biometric engine; IDLive Voice to stop spoofing attacks on voice biometric systems; and IDLive Doc that works to fight fraud related to digitally displayed document images. The company was incorporated in 1986 and is based in San Diego, California.

MITK Stock Price History

MITK Stock News Headlines

ID R&D Granted Patent for Voice-Based Device Unlocking
Mitek Systems (NASDAQ:MITK) Downgraded by to Hold
3 Top Small-Cap Growth Opportunities in the AI Era
3 Next-Gen Tech Stocks to Buy for Long-Term Wealth
Analyst Ratings For Mitek Systems
See More Headlines
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Company Calendar

Last Earnings
Fiscal Year End
Next Earnings (Estimated)

Industry, Sector and Symbol

Computer peripheral equipment, not elsewhere classified
Current Symbol
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Rating Score (0-4)
Research Coverage
2 Analysts


Net Income
$8.03 million
Pretax Margin


Sales & Book Value

Annual Sales
$172.55 million
Cash Flow
$1.32 per share
Book Value
$4.62 per share


Free Float
Market Cap
$589.55 million
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MITK Stock Analysis - Frequently Asked Questions

Should I buy or sell Mitek Systems stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Mitek Systems in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MITK shares.
View MITK analyst ratings
or view top-rated stocks.

What is Mitek Systems' stock price target for 2024?

2 equities research analysts have issued twelve-month price targets for Mitek Systems' stock. Their MITK share price targets range from $19.00 to $19.00. On average, they expect the company's share price to reach $19.00 in the next twelve months. This suggests a possible upside of 51.0% from the stock's current price.
View analysts price targets for MITK
or view top-rated stocks among Wall Street analysts.

How have MITK shares performed in 2024?

Mitek Systems' stock was trading at $13.04 at the beginning of the year. Since then, MITK shares have decreased by 3.5% and is now trading at $12.58.
View the best growth stocks for 2024 here

When is Mitek Systems' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 24th 2024.
View our MITK earnings forecast

How were Mitek Systems' earnings last quarter?

Mitek Systems, Inc. (NASDAQ:MITK) announced its quarterly earnings results on Monday, May, 13th. The software maker reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by $0.04. The software maker had revenue of $46.97 million for the quarter, compared to analysts' expectations of $46.49 million. Mitek Systems had a negative net margin of 4.49% and a positive trailing twelve-month return on equity of 11.71%.

What ETFs hold Mitek Systems' stock?

ETFs with the largest weight of Mitek Systems (NASDAQ:MITK) stock in their portfolio include SPDR S&P Software & Services ETF (XSW).Invesco Nasdaq Future Gen 200 ETF (QQQS).

What guidance has Mitek Systems issued on next quarter's earnings?

Mitek Systems updated its FY 2024 earnings guidance on Monday, May, 13th. The company provided EPS guidance of for the period. The company issued revenue guidance of $180.0 million-$185.0 million, compared to the consensus revenue estimate of $181.5 million.

What is Max Carnecchia's approval rating as Mitek Systems' CEO?

3 employees have rated Mitek Systems Chief Executive Officer Max Carnecchia on Max Carnecchia has an approval rating of 69% among the company's employees.

What other stocks do shareholders of Mitek Systems own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Mitek Systems investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Salesforce (CRM), Intel (INTC), Block (SQ), AbbVie (ABBV), PayPal (PYPL) and Cisco Systems (CSCO).

Who are Mitek Systems' major shareholders?

Mitek Systems' stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.52%), LSV Asset Management (1.57%), Tocqueville Asset Management L.P. (1.12%), LGT Group Foundation (0.93%), Allspring Global Investments Holdings LLC (0.83%) and North Star Investment Management Corp. (0.59%). Insiders that own company stock include Christopher H Briggs, Frank Teruel, Jason Gray, Jeffrey C Davison, Michael E Diamond, Scipio Maximus Carnecchia, Stephen Ritter and William K Aulet.
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.
Compare Top Brokerages Here.

This page (NASDAQ:MITK) was last updated on 5/23/2024 by Staff

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