Mitek Systems

MITK

Market cap $469M

SAN DIEGO--(BUSINESS WIRE)--Mitek Systems, Inc. (NASDAQ: MITK), a global leader in digital identity verification and fraud prevention, has been recognized for its strong performance in a recent independent evaluation by Datos Insights, a respected financial services research and advisory firm. In the Datos Insights Matrix for Document Identity Verification, Mitek was positioned as a Market Leader, demonstrating strong performance across both product capabilities and execution, the core dimensio.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

The mean of analysts' price targets for Mitek Systems (MITK) points to a 32.9% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

From a technical perspective, Mitek Systems, Inc. (MITK) is looking like an interesting pick, as it just reached a key level of support. MITK's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.

The mean of analysts' price targets for Mitek Systems (MITK) points to a 34.7% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Mitek is seeing some margin pressure as license sales fall off and the revenue model shifts over to SaaS, where margin is more backloaded. But underlying markets seem to be generating decent growth, although R&D intensity remains. In checks, apparently the declines are due to timing effects related to several years of frontloaded revenue recognition in 2023.

Mitek's cybersecurity solutions are in high demand. The online sentinel is helping businesses address fraud holistically by integrating identity, biometrics, and authentication capabilities.

Mitek Systems, Inc. (MITK) Q4 2025 Earnings Call Transcript

Mitek Systems (MITK) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.33 per share a year ago.