Northland Capmk Forecasts Weaker Earnings for Mitek Systems

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

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

Mitek Systems Price Performance

Shares of MITK stock traded up $0.18 during mid-day trading on Thursday, reaching $10.94. The stock had a trading volume of 271,725 shares, compared to its average volume of 561,218. Mitek Systems has a 12-month low of $7.35 and a 12-month high of $16.24. The company has a market cap of $505.47 million, a P/E ratio of -72.93 and a beta of 1.12. The company has a current ratio of 4.46, a quick ratio of 4.46 and a debt-to-equity ratio of 0.68. The business has a 50-day simple moving average of $9.13 and a 200 day simple moving average of $9.91.

Mitek Systems (NASDAQ:MITK) last released its quarterly earnings data on Monday, December 16th. The software maker reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.16. The firm 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 firm’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.15 earnings per share.

Institutional Investors Weigh In On Mitek Systems

Hedge funds and other institutional investors have recently bought and sold shares of the business. Innealta Capital LLC acquired a new position in shares of Mitek Systems in the 2nd quarter worth approximately $32,000. nVerses Capital LLC grew its position in Mitek Systems by 25.5% in the third quarter. nVerses Capital LLC now owns 6,400 shares of the software maker’s stock worth $55,000 after buying an additional 1,300 shares during the last quarter. Avior Wealth Management LLC acquired a new stake in shares of Mitek Systems during the 3rd quarter valued at $60,000. Intech Investment Management LLC acquired a new position in shares of Mitek Systems in the 3rd quarter worth $117,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Mitek Systems during the second quarter valued at $138,000. 83.64% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Michael E. Diamond sold 4,544 shares of the business’s 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 owns 166,632 shares in the company, valued at $1,514,684.88. The trade was a 2.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jason Gray sold 6,222 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were 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 in the company, valued at $1,490,581.94. The trade was a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,699 shares of company stock valued at $152,140 in the last ninety days. Corporate insiders own 2.10% 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.