Mitek Systems (MITK) Stock Price, News & Analysis

Company Overview

Mitek Systems, Inc. develops software for digital identity verification, fraud prevention and mobile banking. Its technology enables organizations to capture, authenticate and process information from checks, identity documents and other sources through smartphones and digital channels.

The company’s products include Mobile Deposit, which allows consumers to deposit checks remotely, as well as identity-verification and document-authentication solutions designed to support account opening, customer onboarding and ongoing access to digital services. Mitek also offers tools intended to help financial institutions and other businesses detect fraudulent checks and identities.

Founded in 1985 and headquartered in San Diego, California, Mitek serves banks, credit unions, fintech companies and businesses in financial services and other industries. Its solutions are used by organizations in North America and international markets to help deliver secure digital experiences. The company’s leadership and product strategy have historically focused on expanding the use of mobile capture, identity verification and fraud-prevention technologies.

Key Stats

• Today's Range: $15.56 to $16.69
• 50-Day Range: $15.79 to $19.43
• 52-Week Range: $8.53 to $21.05
• Volume: 985,708 shs
• Average Volume: 613,489 shs
• Market Capitalization: $712.44 million
• P/E Ratio: 33.60
• Dividend Yield: N/A
• Price Target: $19.33
• Consensus Rating: Hold

Mitek Systems Stock Analysis - MarketRank™

Mitek Systems scored higher than 63% of companies evaluated by MarketBeat, and ranked 406th out of 590 stocks in the technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 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 Potential

Mitek Systems has a consensus price target of $19.33, representing about 22.4% upside from its current price of $15.79.

Amount of Analyst Coverage

Mitek Systems has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 18.68%

Earnings Growth

Earnings for Mitek Systems are expected to grow by 18.68% in the coming year, from $0.91 to $1.08 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Mitek Systems is 33.60, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 36.16.

Price to Earnings Ratio vs. Sector

The P/E ratio of Mitek Systems is 33.60, which means that it is trading at a less expensive P/E ratio than the Technology sector average P/E ratio of about 64.25.

Price to Book Value per Share Ratio

Mitek Systems has a P/B Ratio of 3.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

10.23% 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 6.76.

Change versus previous month

Short interest in Mitek Systems has recently increased by 10.04%, 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: 2.1 / 5
• News Sentiment: 0.41

News Sentiment

Mitek Systems has a news sentiment score of 0.41. 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 is a lower news sentiment than the 0.68 average news sentiment score of Technology companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Mitek Systems this week, compared to 2 articles on an average week.

Search Interest

Only 4 people have searched for MITK on MarketBeat in the last 30 days. This is a decrease of -56% compared to the previous 30 days.

MarketBeat Follows

Only 6 people have added Mitek Systems to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Mitek Systems insiders have not sold or bought any 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.

Company Calendar

• Last Earnings: 8/06/2026
• Today: 10/15/2026
• Next Earnings (Estimated): 10/29/2026
• Fiscal Year End: 9/30/2027

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Technology
• Industry: Software
• Sub-Industry: Application Software
• Current Symbol: NASDAQ:MITK
• CIK: 807863
• Web: www.miteksystems.com
• Phone: (619) 269-6800
• Fax: 619-269-6801
• Employees: 595
• Year Founded: 1985

Price Target and Rating

• Average Price Target for Mitek Systems: $19.33
• High Price Target: $26.00
• Low Price Target: $15.00
• Potential Upside/Downside: +22.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.47
• Trailing P/E Ratio: 33.60
• Forward P/E Ratio: 17.35
• P/E Growth: N/A
• Net Income: $8.80 million
• Net Margins: 11.39%
• Pretax Margin: 15.97%
• Return on Equity: 19.16%
• Return on Assets: 11.32%

Debt

• Debt-to-Equity Ratio: 0.19
• Current Ratio: 2.74
• Quick Ratio: 2.74

Sales & Book Value

• Annual Sales: $179.69 million
• Price / Sales: 3.96
• Cash Flow: $1.16 per share
• Price / Cash Flow: 13.67
• Book Value: $5.26 per share
• Price / Book: 3.00

Miscellaneous

• Outstanding Shares: 45,120,000
• Free Float: 44,129,000
• Market Cap: $712.44 million
• Optionable: Optionable
• Beta: 0.94