Mitek Systems Q3 EPS Forecast Reduced by Northland Capmk

Mitek Systems, Inc. (NASDAQ:MITK - Free Report) - Stock analysts at Northland Capmk cut their Q3 2025 earnings estimates for shares of Mitek Systems in a research note issued to investors on Tuesday, December 17th. Northland Capmk analyst M. Grondahl now anticipates that the software maker will post earnings of $0.19 per share for the quarter, down from their previous estimate 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.

Other research analysts have also issued research reports about the company. StockNews.com lowered Mitek Systems from a "buy" rating to a "hold" rating in a report on Tuesday. Jefferies Financial Group cut shares of Mitek Systems from a "buy" rating to a "hold" rating and lowered their price target for the stock from $17.00 to $9.50 in a research note on Wednesday, September 4th. Finally, HC Wainwright raised their price objective on shares of Mitek Systems from $11.00 to $13.00 and gave the company a "buy" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $12.63.

Mitek Systems Stock Performance

NASDAQ MITK traded up $0.34 on Thursday, hitting $11.10. 1,495,308 shares of the company's stock were exchanged, compared to its average volume of 566,607. The company has a debt-to-equity ratio of 0.68, a current ratio of 4.46 and a quick ratio of 4.46. The firm's 50-day moving average price is $9.18 and its two-hundred day moving average price is $9.92. The firm has a market cap of $478.31 million, a price-to-earnings ratio of -74.00 and a beta of 1.12. Mitek Systems has a fifty-two week low of $7.35 and a fifty-two week high of $16.24.

Mitek Systems (NASDAQ:MITK - Get Free Report) last issued its earnings results on Monday, December 16th. The software maker reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.16. The business had revenue of $43.22 million for the quarter, compared to the consensus estimate of $41.30 million. Mitek Systems had a negative net margin of 4.05% and a positive return on equity of 12.32%. The business's quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.15 earnings per share.

Insider Buying and Selling at Mitek Systems

In related news, insider Michael E. Diamond sold 4,544 shares of Mitek Systems stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $9.09, for a total transaction of $41,304.96. Following the completion of the transaction, the insider now directly owns 166,632 shares in the company, valued at $1,514,684.88. The trade was a 2.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jason Gray sold 6,222 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $9.07, for a total value of $56,433.54. Following the sale, the insider now owns 164,342 shares in the company, valued at approximately $1,490,581.94. This trade represents a 3.65 % 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.

Institutional Trading of Mitek Systems

Large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its position in Mitek Systems by 357.0% during the third quarter. BNP Paribas Financial Markets now owns 82,578 shares of the software maker's stock worth $716,000 after acquiring an additional 64,509 shares during the last quarter. EVR Research LP purchased a new position in shares of Mitek Systems during the 2nd quarter worth $2,957,000. Marshall Wace LLP boosted its holdings 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 purchasing an additional 221,116 shares during the last quarter. Creative Planning purchased a new stake in shares of Mitek Systems in the third quarter valued at $152,000. Finally, Foundry Partners LLC acquired a new position in Mitek Systems in the second quarter valued at $3,275,000. Institutional investors and hedge funds own 83.64% of the company's stock.

Mitek Systems Company Profile

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.