Mitek Systems – Consensus indicates potential downside of -11.2%


Mitek systems with ticker code (MITK) now have a total of 3 analysts who cover the share. The consensus rating is ‘Strong_Buy’. The target price is between 17 and 16, with the average target price being calculated as 16.33. A previous close at 18.39 would mean there is a potential downside of -11.2%. There is a 50-day moving average of 13.58 while the 200-day moving average is 11.97. The company’s market capitalization is $ 811 million. Visit the company’s website at:

Mitek Systems develops, markets and sells solutions for mobile image capture and digital identity verification in the USA, Europe, Latin America and internationally. The company’s solutions are embedded in native mobile apps and browsers to facilitate online user experiences, fraud detection and reduction, and compliant transactions. It offers mobile deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet. and Mobile Verify, an identity verification solution built into mobile apps, mobile websites, and desktop applications. The company also offers Mobile Fill, an application for pre-filling forms with user information by taking a picture of a driver’s license or other similar identification document. Mobile Docs, a mobile document scanning solution; and MiSnap, an image capture technology. It also offers CheckReader, which financial institutions can use to automatically extract data from checks; XE, a recurring neural network engine; and ID_CLOUD, an automated identity verification solution built into a customer’s application to read and validate identification documents. The company primarily sells its solutions to banks, credit unions, lenders, payment processors, card issuers, fintech companies, and others through direct sales teams and channel partners. Mitek Systems was founded in 1986 and is based in San Diego, California.


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