Brokers Issue Forecasts for Mitek Systems, Inc.’s Q1 2025 Earnings (NASDAQ:MITK)

Mitek Systems, Inc. (NASDAQ:MITK) – Equities researchers at Northland Capmk issued their Q1 2025 earnings estimates for shares of Mitek Systems in a note issued to investors on Monday, October 7th. Northland Capmk analyst M. Grondahl expects that the software maker will post earnings per share of $0.09 for the quarter. 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 $0.16 EPS.

Mitek Systems (NASDAQ:MITK) last announced its quarterly earnings results on Thursday, August 8th. The software maker reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Mitek Systems had a negative net margin of 4.05% and a positive return on equity of 12.32%. The company had revenue of $45.00 million during the quarter, compared to the consensus estimate of $47.99 million. During the same period in the previous year, the firm posted $0.16 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year.

MITK has been the topic of a number of other reports. Craig Hallum lowered their price objective on shares of Mitek Systems from $19.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, August 9th. HC Wainwright lowered their price objective on shares of Mitek Systems from $19.00 to $11.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Jefferies Financial Group downgraded shares of Mitek Systems from a “buy” rating to a “hold” rating and lowered their target price for the stock from $17.00 to $9.50 in a report on Wednesday, September 4th. Maxim Group lowered their target price on shares of Mitek Systems from $23.00 to $13.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Finally, StockNews.com upgraded shares of Mitek Systems from a “hold” rating to a “buy” rating in a report on Friday, July 12th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $12.13.

Mitek Systems Price Performance

NASDAQ MITK opened at $8.55 on Wednesday. The company has a quick ratio of 4.46, a current ratio of 4.46 and a debt-to-equity ratio of 0.68. Mitek Systems has a 12-month low of $7.35 and a 12-month high of $16.24. The company has a market capitalization of $400.06 million, a PE ratio of -53.44 and a beta of 1.07. The firm’s 50 day moving average is $9.17 and its 200-day moving average is $11.40.

Institutional Investors Weigh In On Mitek Systems

Institutional investors have recently modified their holdings of the business. LSV Asset Management boosted its position in shares of Mitek Systems by 852.1% in the first quarter. LSV Asset Management now owns 735,899 shares of the software maker’s stock valued at $10,376,000 after acquiring an additional 658,603 shares during the period. Vanguard Group Inc. lifted its position in Mitek Systems by 4.1% during the first quarter. Vanguard Group Inc. now owns 3,517,664 shares of the software maker’s stock worth $49,599,000 after purchasing an additional 138,438 shares during the period. Tocqueville Asset Management L.P. lifted its position in Mitek Systems by 32.8% during the first quarter. Tocqueville Asset Management L.P. now owns 526,300 shares of the software maker’s stock worth $7,421,000 after purchasing an additional 130,000 shares during the period. Principal Financial Group Inc. lifted its position in Mitek Systems by 78.3% during the first quarter. Principal Financial Group Inc. now owns 39,470 shares of the software maker’s stock worth $557,000 after purchasing an additional 17,337 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in Mitek Systems by 9.0% during the first quarter. BNP Paribas Financial Markets now owns 36,684 shares of the software maker’s stock worth $517,000 after purchasing an additional 3,041 shares during the period. Institutional investors 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.