Q2 EPS Estimates for Mitek Systems Raised by Northland Capmk

Mitek Systems, Inc. (NASDAQ:MITK) – Northland Capmk lifted their Q2 2025 earnings estimates for Mitek Systems in a research report issued on Tuesday, February 11th. Northland Capmk analyst M. Grondahl now anticipates that the software maker will post earnings of $0.23 per share for the quarter, up from their previous forecast 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.

Other equities research analysts also recently issued reports about the stock. Maxim Group boosted their price objective on shares of Mitek Systems from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday. StockNews.com downgraded shares of Mitek Systems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Finally, HC Wainwright restated a “buy” rating and issued a $13.00 target price on shares of Mitek Systems in a research note on Tuesday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $12.88.

Mitek Systems Price Performance

MITK opened at $10.01 on Friday. The company has a quick ratio of 4.39, a current ratio of 4.39 and a debt-to-equity ratio of 0.67. Mitek Systems has a 52-week low of $7.35 and a 52-week high of $16.24. The company has a 50 day moving average of $10.39 and a two-hundred day moving average of $9.59. The company has a market cap of $452.75 million, a P/E ratio of 166.83 and a beta of 1.08.

Mitek Systems (NASDAQ:MITK) last released its quarterly earnings data on Monday, February 10th. The software maker reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.07). Mitek Systems had a return on equity of 16.64% and a net margin of 1.90%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its holdings in shares of Mitek Systems by 6.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,798,287 shares of the software maker’s stock worth $20,016,000 after purchasing an additional 112,513 shares during the period. Invesco Ltd. raised its holdings 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 period. State Street Corp raised its holdings in shares of Mitek Systems by 3.8% during the third 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. Marshall Wace LLP raised its holdings 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 period. Finally, Foundry Partners LLC raised its holdings in shares of Mitek Systems by 44.2% during the fourth quarter. Foundry Partners LLC now owns 500,610 shares of the software maker’s stock worth $5,572,000 after purchasing an additional 153,415 shares during the period. 83.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Mitek Systems

In other Mitek Systems news, SVP Christopher H. Briggs sold 3,320 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $9.08, for a total transaction of $30,145.60. Following the transaction, the senior vice president now directly owns 65,353 shares in the company, valued at $593,405.24. This represents a 4.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael E. Diamond sold 4,544 shares of the stock in a transaction on Tuesday, December 3rd. The shares were 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 in the company, valued at $1,514,684.88. This trade represents a 2.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,699 shares of company stock worth $152,140 in the last ninety days. 2.10% of the stock is owned by insiders.

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.