Reddit Posts
Mitek seems to be the biggest beneficiary of Ai and Digitalisation.
$MITK - Ai Fraud Prevention, Deep Fake Detector, Strongest Software Name.
Mitek - Strongest Software Name, Ai Fraud Prevention.
Does anybody have details on Jeffries initiation of $MITK
Mentions
The problem, at least for SaaS stocks (not as a business), is that markets have priced SaaS as high margin businesses. With AI, you have to start asking if these companies can charge the same per seat. It affects their pricing/negotiating power. And market doesn’t know how to price that into the stocks yet. I’ve started rotating into software this last month, because I think there are specialized softwares that have lot of IP moat or are deeply embedded in hardware and cannot be replaced by AI, because how long the component lead times are. I wrote about $FIVN, but I also like $CRNC, $YOU, $MITK, $BB, etc. All these have performed really well as the market starts to price in their moats imo.
Holding MITK. Unusual call volume today for November
This is a solid analysis of MITK's positioning in the fraud prevention space. The AI fraud explosion is definitely real - those 4x numbers align with what I'm seeing from industry reports. Your points about their existing bank relationships being a massive moat are spot-on. Getting into financial institutions is incredibly difficult, so having that trust already established gives them a huge advantage for cross-selling new AI detection tools. That said, before jumping in, I'd want to see their actual revenue breakdown between legacy check processing vs. newer AI fraud prevention. Sometimes companies in transitional phases can look compelling on paper but struggle with execution. The 78% margins are impressive, but are those sustainable as they scale the new products? Also worth checking their competitive landscape - companies like Jumio, Onfido, and even big players like Microsoft are all pushing hard into this space. The TAM growth is real, but so is the competition. The fundamentals look solid though. Might be worth running through their recent earnings calls to see how management is talking about the AI transition timeline.
Couple of thoughts: With the monumental rise of Ai comes the rise of Ai fraud. Whilst almost every software name in existence getting pummelled and every defence name slaughtered, MITK which Is BOTH just wants higher. All dips bought, daily and weekly lined for an ATH breakout. It's clear that this is the name people want when it comes to Ai fraud prevention, deepfake detection and Ai security automation. 99% of all checks in the USA are processed via Mitek, over 7,000 organisations use their software. Banks, Credit Unions, Consumer Finance, Fintech, Identify Verification. It's software is used within nearly every top US bank already. With the rise of Ai the TAM for this sector has exploded, so I'd expect to see huge growth in coming quarters as Fraud dramatically ramps up due to deepfakes. Their deepfake spotter won't just be for verifying customers but identifying what's real and what's not in all walks of life. People are all excited about the "digitalisation of everything", what company stands to benefit greatly from that? Mitek. They're already beginning to expand their offerings and whilst banks struggle to keep up with Ai Mitek remains right alongside. $600m market cap with incredible margins 78%, $200m In cash and serving Fortune 500 companies. They have a proven track record and have been public for 15 years. They're now in the right place at the right time. In my opinion this is an asymmetrical bet.
Strong institutional demand for MITK
SNDK nice move, check out MITK next.
I'm not a huge fan of it personally. Seems to be a bit of a bubble magnet looking at its multiple narrow peaks prior to crashes. Lots of hype driving it, and cybersecurity+adjacent stocks change too quickly. Like when a bunch of fortinet's firewalls went EOL last year - 50/50 chance they got eaten up by competitors vs upgrading their customers to a newer model. Can never know because a bit more R&D to one area makes you a competitor in it. I get that they're more adjacent to that but I'm getting the same vibes. Extremely saturated space and the stuff that MITK is doing feels more like an add-on for, or a feature of, a legitimate security solution (or for other offerings they have, something just built into an app). It also seems very compliance driven, which I dislike because it'll be far easier for major players in the space to meet growing requirements. Besides, their short, medium, and long term EPS growth is unremarkable due to its inconsistency. 3y CAGR looks good but everything else looks terrible. I'd have to look into why the past 3 years excluding TTM have been so good. Based one what I've read, hard pass for me but curious about your thoughts if I missed something
New name popped up on the screener this morning, MITK. Looking into the company now, but fundamentals don't look too terrible [https://finviz.com/quote.ashx?t=MITK](https://finviz.com/quote.ashx?t=MITK) PEG is 1.32 and Forward PE is 10. Having a massive day after smashing earning. Here's what they do >Mitek Systems, Inc. provides digital identity verification and fraud prevention solutions worldwide. The company offers Mobile Deposit, a mobile remote deposit capture solution for retail financial institutions, brokerages, and prepaid card providers; Check Fraud Defender, a cloud-hosted fraud mitigation service; Mitek Verified Identity Platform, an end-to-end identity verification solution; Mobile Verify, an omnichannel identity document verification engine; MiSnap, a software development kit that replaces manual image capture with auto-capture; CheckReader, which enables financial institutions to automatically extract data from checks once they have been scanned or photographed by the application; and Check Intelligence, a check fraud solution. It also provides IDLive Face, a passive face liveness detection; IDLive Doc, a document liveness detection; and IDLive Voice, an anti-spoofing voice liveness. The company was incorporated in 1986 and is based in San Diego, California. Here's the latest presentation from the ER [https://assets.thevendorgroup.com/site/97b87faa-91f0-4edd-a3ac-ecbbcfffe370/2026/02/05/6984ff44db0b0b0b90b7d8f2/Mitek%20Systems%20(MITK)%20-%20Investor%20Presentation%20-%20F1Q26.pdf](https://assets.thevendorgroup.com/site/97b87faa-91f0-4edd-a3ac-ecbbcfffe370/2026/02/05/6984ff44db0b0b0b90b7d8f2/Mitek%20Systems%20(MITK)%20-%20Investor%20Presentation%20-%20F1Q26.pdf) Kind of cool they actually call out the thesis on why you should invest in them on slide 2. >The problem >The market is entering a new phase driven by AI-generated synthetic fraud, and is outpacing legacy controls, creating rising losses and operational burden. Enterprises need accurate, multi-signal decisioning across onboarding, authentication, and transaction risk - not fragmented point solutions from multiple vendors. Kind of an interesting play on deepfakes and security.
MITK so maybe it'll trigger it going up and my options not failing.
MITK calls Leidos calls MCD puts Dis puts
https://preview.redd.it/yelxdz3udeie1.png?width=198&format=png&auto=webp&s=283a5001bfee51c5f94ef6a55d1957031efe2c55 $MITK delivers yet again :)
How did I lose on FLNC AMKR ACLS and MITK. I forgot to inverse the inverse....
I have literally no clue what MITK is, felt like gambling on some earnings (1 call)
MITK earnings today they murdered it last quarter and went up 25% no ones talking about it though. I'm in for 3/21 12.5c for .40 going to hold overnight or sell if I lose half
MITK is tempting 
Anyone playing PETS, ALAB, or MITK earnings tomorrow? 
Too far otm my MITK 12/20 12.5c aren’t gonna print 
What's your thinking on MITK? Obviously the delisting in the Summer was a big deal. Are you basing more on insider buy volume since or website traffic? Curious to hear your thoughts on this one.
I am a bot. You submitted a picture of a banned ticker, MITK. The market cap of MITK is **491022700** This check will fire if you included unnecessary pictures that have bad keywords/phrases. Repost with the useless pictures omitted if you did that.
Trash that's on my watchlist (no positions, no view): INO IRBT GENI CRTO MITK POLY TMC
Appreciate the points. My understanding of basic alpha for investing is just Return(you) - Return(baseline). This is also what Investopedia says and the wiki bot below lol. Obviously, you can include risk (which I pointed out that I didn't) and get a more accurate picture, but I always thought that was CAPM or something. Regardless, I agree with your point that I didn't include risk and you could (or should) to get a more accurate picture. Never seen that website before, but it's pretty cool. However, the proper calculation is using the date the grant was issued as the start date for each holding (not January 1st, 2017) and then I used 3 years from the grant date as the end date (not today) because most performance grants have a 3-year expiration. If you wanted to get more specific, you should use the expiration date for each stock as the end date. In practice, you would probably want to still be even smarter and incorporate some sort of stop-loss which would (possibly) increase the overall returns and (definitely) shorten the time frame. I haven't run this specific analysis, but at a quick glance you can see that a 20% stop-loss (for example) would get you approximately the following returns for each stock $STKL - 0% returns after \~9 months $MITK - 40% returns after \~9 months $GIII - 96% returns after \~24 months $BOX - 5% returns after \~18 months $WEX - 78% returns after \~36 months $TREE - 48% returns after \~9 months $NDLS - 150% return after \~15 months $HSKA - 0% returns after \~15 months $LRMR - 50% returns after 5 months About 52% returns with an average hold length of 15 months (verses \~20% for the SPY over 15 months). Obviously, this is a really dirty way of doing any calculations, but even looking at the chart you created you see the stocks listed here crush the SPY from 2017-2019. I think your criticism still holds though. Basically, more work needs to be done to 1) eliminate noise through more data and 2) figure out better ways to calculate the returns. This post was simply the first step :)
Appreciate the points. My understanding of basic alpha for investing is just Return(you) - Return(baseline). This is also what Investopedia says and the wiki bot below lol. Obviously, you can include risk (which I pointed out that I didn't) and get a more accurate picture, but I always thought that was CAPM or something. ​ Regardless, I agree with your point that I didn't include risk and you could (or should) to get a more accurate picture. Never seen that website before, but it's pretty cool. However, the proper calculation is using the date the grant was issued as the start date for each holding (not January 1st, 2017) and then I used 3 years from the grant date as the end date (not today) because most performance grants have a 3-year expiration. If you wanted to get more specific, you should use the expiration date for each stock as the end date. ​ In practice, you would probably want to still be even smarter and incorporate some sort of stop-loss which would (possibly) increase the overall returns and (definitely) shorten the time frame. I haven't run this specific analysis, but at a quick glance you can see that a 20% stop-loss (for example) would get you approximately the following returns for each stock $STKL - 0% returns after \~9 months $MITK - 40% returns after \~9 months $GIII - 96% returns after \~24 months $BOX - 5% returns after \~18 months $WEX - 78% returns after \~36 months
Hey OP - first off, I love your out-of-the-box thinking here and you got me thinking about this as an exploitable strategy. One thing that I did notice though is your alpha calculation - it seems to be calculated as **Return(stock) - Return(SPY)**, which is not the entire story. Take a look at the Wikipedia page for the equation for [alpha](https://en.wikipedia.org/wiki/Alpha_%28finance%29), where you need to take into account beta and the risk-free rate (which means you need to calculate covariance of returns between the stock and the benchmark). To take it a step further, if I had a [portfolio with equal asset allocation of your suggested stocks](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=2017&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=-1&benchmarkSymbol=SPY&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=STKL&allocation1_1=11&symbol2=MITK&allocation2_1=11&symbol3=GIII&allocation3_1=11&symbol4=BOX&allocation4_1=11&symbol5=WEX&allocation5_1=11&symbol6=TREE&allocation6_1=11&symbol7=NDLS&allocation7_1=11&symbol8=HSKA&allocation8_1=11&symbol9=LRMR&allocation9_1=12), I'd actually underperform the SPY (alpha of -4%). If, with the benefit of hindsight, [this is the ideal asset allocation with an alpha of ~16%](https://www.portfoliovisualizer.com/optimize-portfolio?s=y&goal=2&benchmark=-1&benchmarkSymbol=SPY&constrained=true&symbol5=WEX&symbol4=BOX&lastMonth=12&historicalVolatility=true&symbol7=NDLS&symbol6=TREE&symbol1=STKL&endYear=2021&symbol3=GIII&symbol2=MITK&mode=2&comparedAllocation=-1&startYear=2017&symbol9=LRMR&symbol8=HSKA&timePeriod=4&historicalReturns=true&robustOptimization=false&historicalCorrelations=true&firstMonth=1&groupConstraints=false) * How would I know to overweight MITK and BOX, given that one CEO reached their goal and one didn't? * How would I know not to allocate anything to LRMR and WEX, given on paper, they seemed to have crushed it based on that table?
I'm looking to consolidate since I have too many positions. I have a bunch of cheaper stocks that I have small positions in. I rather reposition those and just be in a view "value" stocks. which of these would you keep? ON, FUBO, FAST, FCX, NLOK, SKIN, MITK, CLF?
MITK 851 mil valuation $119 million revenue 2021 street estimate , 24% revenue growth in latest quarter Cash $54 million Bullish case : fintech saas play, 24% revenue growth, profitable. Undergoing an inflection point in business from core product to new product that will accelerate revenue and re-rate stock multiple , abnb docu are customers. Traditional biz is check deposit software used by 99/100 of top banks. 86% gross margins . New online banks with no branches require this software in order for there customers to deposit checks. They are leveraging the technology into a new product line that enables identity verification and security using the same recognition software Technical breakout and earnings thursday Future catalysts include snp 600 inclusion and main stream analyst coverage Bear case is declining check volume
Any thoughts or suggestions appreciated. AMZN 51% AMD 28% AGTC 7% JD 4% DKNG 4% SOFI 4% MU 1% But plan to add. MITK 1% Also a few hundred in BTC
I am a bot from /r/wallstreetbets. You submitted one or more banned tickers: MITK. Message /u/zjz if they're above 1.25 billion-ish market cap and not related to crypto/pennies/OTC/SPACs.
Anyone in here on MITK? Wanna see what you think about it’s potential.
Thoughts on $MITK? Virtual monopoly on mobile check deposit software.
Not-profitable fintechs (BCOR) are in the 2-4 p/s range. Smaller profitable fintechs (MITK) are in the 6-8 range. (NOTE: MOGO, which is in the process of transitioning from not-profitable to profitable, has been valued everywhere from BCOR to SQ since the end of January.) PYPL and SQ have been hanging out in the 12-14 range. I don’t know how you’re judging what does or doesn’t “sound very good”, but it all paints a pretty logical picture when you piece it all together and allow a certain degree of “that’s just what this particular piece of the market looks like.”
MITK: company essentially has a monopoly on mobile check deposits and has a growing mobile ID service. Worth looking into if you like tech companies trading at decent multiples
Rare to see a fellow holder of $MITK. I've patiently held it for years, felt that the price was going nowhere and thus sold a covered call this week. Ended up giving up 1000 shares during today's spike
I like $ MITK. Been slowly buying in. Waiting for it to break out then I'll add more.
I own both, but I’d say PINS is a better investment. That said, MITK has grown its revenue and cash flow at 31% for the last 5 years, which is phenomenal for a business as mature as theirs. Thing is, I fear that competition is a bigger threat for MITK.
I've never seen anyone mention MITK around here before. I'm partial to fintechs, and growing/profitable fintechs at a $650m market cap sounds like kind of a sweet spot imo. Much more attractive ratio of upside to downside there IMO. Random side note: my only prior awareness w/ MITK is that I have used it as an industry comp the last couple months when trying to [assess MOGO's valuation](https://imgur.com/e3bqyFu).
Different ratios work differently for different sectors and for companies at different stages of growth. P/S ratio is one that I like, because it can offer a basis of comparison between smaller less profitable companies and their industry leaders. I ran some numbers on MOGO a few weeks back. MOGO is/was a microcap or penny stock fintech, on its way from being not profitable to being consistently profitable. I used BCOR as a not-profitable comp, MITK as a comp for small-but-profitable fintech, and SQ and PYPL as the industry leaders. For 2019 and much of 2020, MOGO and BCOR traded at very similar price ratios as BCOR. Late in 2020, MOGO's P/S ratio started separating itself, and rightfully so, as its growth trajectory shows it could likely be consistently profitable from now on. I consider MITK to be a comparable larger fintech whose P/S ratio to be representative of where MOGO's can realistically be in the near future. SQ and PYPL P/S ratios are my warning levels - if MOGO's P/S ever reaches the levels of those two, it's likely overvalued and time to sell. These are the gauges I use alongside revenue projections as a rough idea of where a company's share price can be in coming years, and it's how I've decided that MOGO has the potential to be a 10-12 bagger in 5 years.