Northland Capmk Expects Lower Earnings for Mitek Systems

Mitek Systems, Inc. (NASDAQ:MITK) – Northland Capmk dropped their Q3 2025 earnings per share (EPS) estimates for shares of Mitek Systems in a note issued to investors on Tuesday, December 17th. Northland Capmk analyst M. Grondahl now expects that the software maker will post earnings per share of $0.19 for the quarter, down from their prior forecast of $0.20. The consensus estimate for Mitek Systems’ current full-year earnings is $0.56 per share. Northland Capmk also issued estimates for Mitek Systems’ Q4 2025 earnings at $0.17 EPS.

A number of other equities analysts have also recently commented on the company. StockNews.com downgraded Mitek Systems from a “buy” rating to a “hold” rating in a research report on Tuesday. Jefferies Financial Group lowered Mitek Systems from a “buy” rating to a “hold” rating and decreased their price objective for the company from $17.00 to $9.50 in a report on Wednesday, September 4th. Finally, HC Wainwright upped their target price on shares of Mitek Systems from $11.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Mitek Systems presently has a consensus rating of “Moderate Buy” and an average price target of $12.63.

Mitek Systems Trading Up 3.0 %

Shares of Mitek Systems stock opened at $11.43 on Thursday. The company has a current ratio of 4.46, a quick ratio of 4.46 and a debt-to-equity ratio of 0.68. Mitek Systems has a twelve month low of $7.35 and a twelve month high of $16.24. The firm has a market capitalization of $492.53 million, a PE ratio of -76.20 and a beta of 1.12. The firm’s 50-day moving average price is $9.18 and its 200 day moving average price is $9.92.

Mitek Systems (NASDAQ:MITK) last posted its quarterly earnings data on Monday, December 16th. The software maker reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.16. Mitek Systems had a negative net margin of 4.05% and a positive return on equity of 12.32%. The company had revenue of $43.22 million during the quarter, compared to analysts’ expectations of $41.30 million. During the same period in the prior year, the business posted $0.15 earnings per share. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis.

Institutional Trading of Mitek Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its stake in shares of Mitek Systems by 357.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 82,578 shares of the software maker’s stock valued at $716,000 after acquiring an additional 64,509 shares during the period. EVR Research LP acquired a new position in Mitek Systems during the second quarter worth $2,957,000. Marshall Wace LLP boosted its position in shares of Mitek Systems by 251.1% during the second quarter. Marshall Wace LLP now owns 309,163 shares of the software maker’s stock worth $3,456,000 after buying an additional 221,116 shares during the period. Creative Planning acquired a new stake in shares of Mitek Systems in the third quarter valued at $152,000. Finally, Foundry Partners LLC purchased a new stake in shares of Mitek Systems in the 2nd quarter valued at $3,275,000. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Mitek Systems news, insider Jason Gray sold 6,222 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $9.07, for a total transaction of $56,433.54. Following the completion of the sale, the insider now owns 164,342 shares of the company’s stock, valued at $1,490,581.94. This trade represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Christopher H. Briggs sold 3,320 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $9.08, for a total value of $30,145.60. Following the completion of the transaction, the senior vice president now directly owns 65,353 shares in the company, valued at approximately $593,405.24. This trade represents a 4.83 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,699 shares of company stock valued at $152,140. Insiders own 2.10% of the company’s stock.

About Mitek Systems

Mitek Systems, Inc provides mobile image capture and digital identity verification solutions worldwide. Its product portfolio includes Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications; and Mobile Fill, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion.