Q2 EPS Estimates for Mitek Systems Raised by Northland Capmk

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

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

Mitek Systems Stock Performance

NASDAQ MITK opened at $10.13 on Friday. The firm’s fifty day moving average price is $10.37 and its two-hundred day moving average price is $9.61. The stock has a market cap of $458.18 million, a PE ratio of 168.83 and a beta of 1.08. The company has a debt-to-equity ratio of 0.67, a quick ratio of 4.39 and a current ratio of 4.39. Mitek Systems has a fifty-two week low of $7.35 and a fifty-two week high of $16.24.

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

Insiders Place Their Bets

In other Mitek Systems news, SVP Christopher H. Briggs sold 3,320 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $9.08, for a total transaction of $30,145.60. Following the completion of the sale, the senior vice president now directly owns 65,353 shares in the company, valued at approximately $593,405.24. This trade represents a 4.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jason Gray sold 6,222 shares of Mitek Systems stock in a transaction dated 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 transaction, the insider now directly owns 164,342 shares of the company’s stock, valued at approximately $1,490,581.94. This trade represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,699 shares of company stock valued at $152,140. 2.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Mitek Systems

A number of hedge funds have recently added to or reduced their stakes in MITK. Invesco Ltd. boosted its holdings in shares of Mitek Systems by 534.4% during the 4th quarter. Invesco Ltd. now owns 1,722,099 shares of the software maker’s stock worth $19,167,000 after buying an additional 1,450,652 shares in the last quarter. Marshall Wace LLP boosted its stake in 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 acquiring an additional 820,349 shares in the last quarter. Impax Asset Management Group plc acquired a new stake in Mitek Systems in the fourth quarter worth $5,565,000. Invenomic Capital Management LP bought a new position in shares of Mitek Systems during the 3rd quarter worth about $4,068,000. Finally, Phoenix Financial Ltd. acquired a new stake in shares of Mitek Systems in the 4th quarter valued at about $4,733,000. 83.64% of the stock is currently owned by institutional investors.

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.