MITK, US6067102003

Zacks cut Mitek Systems stock to Hold with consensus target at USD 19.33

Published on 10/17/2026 at 19:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

October 29 brings USD 44.71 million revenue estimates. Mitek Systems stock last traded at USD 16.11 on October 16, 2026, down 4.6 percent versus Nasdaq close.

Analyst and earnings dates

Zacks Research cut its rating from strong buy to hold on October 6, 2026, while the consensus target was USD 19.33.
MarketBeat estimated October 29, 2026, for the next results, with revenue of USD 44.71 million expected.
Mitek Systems stock last traded at USD 16.11 on October 16, 2026, down 4.56 percent versus the Nasdaq close.
Market capitalization stood at USD 726.9 million and the price to earnings ratio was 34.42 on October 16, 2026.

MITK, US6067102003, Illustration mit AI erstellt.

Zacks Research cut its Mitek Systems rating from strong buy to hold in a research note dated October 6, 2026, while the consensus target stood at USD 19.33, according to MarketBeat. At the latest Nasdaq close, Mitek Systems last traded at USD 16.11 on October 16, 2026 at 4:00 p.m. EDT, down 4.56 percent versus the Nasdaq close of October 15, 2026.

October 29 earnings estimates

The next scheduled item is the estimated fiscal earnings release on October 29, 2026, after the market close. MarketBeat put consensus revenue at USD 44.71 million and consensus earnings per share at USD 0.17. The same page described the date as an estimate, so the calendar entry remains a market expectation rather than a company-confirmed announcement.

Price position and valuation

The latest USD 16.11 close sits between a 52-week low of USD 8.53 and a 52-week high of USD 21.05. The market capitalization was USD 726.9 million on October 16, 2026, while the price to earnings ratio was 34.42. Trading volume reached 724,930 shares, compared with an average volume of 679,951 shares.

Mitek reported fiscal 2025 revenue of USD 179.69 million, up from USD 172.08 million in fiscal 2024. Net income rose to USD 8.80 million from USD 3.28 million over the same comparison, while operating profit increased to USD 16.79 million from USD 2.23 million. These figures give the October earnings date a clear benchmark: the market will compare the new quarter with both the prior period and the current consensus.

Comparison with peers

Mitek Systems: minus 4.56 percent, P/E 34.42, market capitalization USD 726.9 million

OneSpan (USD): minus 2.07 percent, P/E 9.83, market capitalization USD 644.9 million

Progress Software (USD): minus 0.07 percent, P/E 18.82, market capitalization USD 1.7 billion

Nasdaq price and upcoming date

The stock's current placement combines a 4.56 percent decline at the latest Nasdaq close with a valuation above the two software peers listed here. Mitek develops identity verification, mobile capture and fraud prevention software for financial institutions and other organizations.

The next market date is October 29, 2026, when the company is estimated to report after the market close. The published revenue estimate of USD 44.71 million and earnings-per-share estimate of USD 0.17 are the figures most likely to shape the next valuation update.

Market context: Mitek Systems is a Nasdaq-listed US software company with a market capitalization of USD 726.9 million as of October 16, 2026. The further course of trading is shown by the latest Nasdaq quote for Mitek Systems stock.