Mitek Systems, Inc. (NASDAQ:MITK - Free Report) - Investment analysts at Northland Capmk increased their Q2 2025 earnings estimates for Mitek Systems in a report issued on Tuesday, February 11th. Northland Capmk analyst M. Grondahl now expects that the software maker will earn $0.23 per share for the quarter, up from their prior estimate of $0.20. The consensus estimate for Mitek Systems' current full-year earnings is $0.65 per share. Northland Capmk also issued estimates for Mitek Systems' Q3 2025 earnings at $0.18 EPS, Q4 2025 earnings at $0.15 EPS and FY2025 earnings at $0.65 EPS.
A number of other equities analysts also recently issued reports on the company. Maxim Group upped their price target on Mitek Systems from $13.00 to $14.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. StockNews.com downgraded Mitek Systems from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $13.00 price target on shares of Mitek Systems in a report on Tuesday, February 11th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.88.
View Our Latest Analysis on MITK
Mitek Systems Stock Down 2.2 %
MITK traded down $0.22 on Friday, reaching $9.79. The company's stock had a trading volume of 595,622 shares, compared to its average volume of 555,375. The stock has a 50 day moving average of $10.42 and a two-hundred day moving average of $9.49. The company has a quick ratio of 4.39, a current ratio of 4.39 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $442.94 million, a price-to-earnings ratio of 163.17 and a beta of 1.08. 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 released its earnings results on Monday, February 10th. The software maker reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.07). Mitek Systems had a return on equity of 16.64% and a net margin of 1.90%.
Institutional Investors Weigh In On Mitek Systems
Several large investors have recently modified their holdings of MITK. Invesco Ltd. raised its stake in shares of Mitek Systems by 534.4% during the fourth quarter. Invesco Ltd. now owns 1,722,099 shares of the software maker's stock worth $19,167,000 after purchasing an additional 1,450,652 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Mitek Systems by 2,115.7% during the fourth quarter. Marshall Wace LLP now owns 859,123 shares of the software maker's stock worth $9,562,000 after purchasing an additional 820,349 shares during the last quarter. Impax Asset Management Group plc purchased a new stake in shares of Mitek Systems during the fourth quarter worth approximately $5,565,000. Invenomic Capital Management LP purchased a new stake in shares of Mitek Systems during the third quarter worth approximately $4,068,000. Finally, Phoenix Financial Ltd. purchased a new stake in shares of Mitek Systems during the fourth quarter worth approximately $4,733,000. Hedge funds and other institutional investors own 83.64% of the company's stock.
Insider Activity
In other news, insider Jason Gray sold 6,222 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $9.07, for a total value of $56,433.54. Following the completion of the sale, the insider now directly owns 164,342 shares of the company's stock, valued at approximately $1,490,581.94. This 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 can be accessed through this hyperlink. Also, SVP Christopher H. Briggs sold 3,320 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 65,353 shares of the company's stock, valued at $593,405.24. The trade was a 4.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,699 shares of company stock valued at $152,140. 2.10% of the stock is currently owned by company insiders.
About Mitek Systems
(
Get Free Report)
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.
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