Northland Capmk Predicts Weaker Earnings for Mitek Systems

Mitek Systems, Inc. (NASDAQ:MITK) – Northland Capmk dropped their Q3 2025 EPS estimates for shares of Mitek Systems in a report released on Tuesday, December 17th. Northland Capmk analyst M. Grondahl now forecasts that the software maker will post earnings per share of $0.19 for the quarter, down from their previous 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.

MITK has been the topic of several other research reports. HC Wainwright raised their target price on shares of Mitek Systems from $11.00 to $13.00 and gave the company a “buy” rating in a report on Tuesday. StockNews.com downgraded shares of Mitek Systems from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Jefferies Financial Group cut shares of Mitek Systems from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $17.00 to $9.50 in a research report on Wednesday, September 4th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $12.63.

Mitek Systems Price Performance

MITK stock opened at $11.43 on Thursday. Mitek Systems has a 1 year low of $7.35 and a 1 year high of $16.24. The firm has a market capitalization of $492.53 million, a P/E ratio of -76.20 and a beta of 1.12. 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 business’s 50-day moving average is $9.18 and its two-hundred day moving average is $9.92.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MITK. Dimensional Fund Advisors LP grew its position in shares of Mitek Systems by 8.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,657,465 shares of the software maker’s stock worth $18,531,000 after acquiring an additional 128,282 shares during the last quarter. State Street Corp boosted its stake in Mitek Systems by 3.8% during the 3rd quarter. State Street Corp now owns 1,306,351 shares of the software maker’s stock worth $11,326,000 after purchasing an additional 47,418 shares during the period. Thompson Siegel & Walmsley LLC grew its position in Mitek Systems by 259.9% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 766,322 shares of the software maker’s stock worth $8,567,000 after purchasing an additional 553,379 shares during the last quarter. LSV Asset Management increased its stake in Mitek Systems by 0.4% in the second quarter. LSV Asset Management now owns 738,799 shares of the software maker’s stock valued at $8,260,000 after purchasing an additional 2,900 shares during the period. Finally, Invenomic Capital Management LP purchased a new stake in shares of Mitek Systems in the third quarter valued at about $4,068,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

Insider Buying and Selling

In other Mitek Systems news, insider Michael E. Diamond sold 4,544 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $9.09, for a total transaction of $41,304.96. Following the transaction, the insider now owns 166,632 shares of the company’s stock, valued at approximately $1,514,684.88. This trade represents a 2.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jason Gray sold 6,222 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were 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 $1,490,581.94. The trade was a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,699 shares of company stock worth $152,140 over the last 90 days. 2.10% of the stock is owned by insiders.

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.