Mitek Systems (MITK) to Release Earnings on Thursday

Key Points

• Mitek Systems is expected to announce its Q3 2025 earnings on August 7th, with analysts predicting earnings of $0.18 per share and revenue of $43.68 million.
• The company reported a net margin of 7.51% and a return on equity of 18.85% in its previous earnings, with revenue increasing by 10.4% year-over-year.
• Mitek Systems received an upgrade to a "strong-buy" rating from Wall Street Zen, reflecting positive sentiment among analysts regarding the company's stock performance.

Mitek Systems (NASDAQ:MITK - Get Free Report) will likely be issuing its Q3 2025 quarterly earnings data after the market closes on Thursday, August 7th. Analysts expect the company to announce earnings of $0.18 per share and revenue of $43.68 million for the quarter. Mitek Systems has set its FY 2025 guidance at EPS.

Mitek Systems (NASDAQ:MITK - Get Free Report) last announced its earnings results on Thursday, May 8th. The software maker reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.10. Mitek Systems had a return on equity of 18.85% and a net margin of 7.51%. The company had revenue of $51.93 million for the quarter, compared to analyst estimates of $47.21 million. Mitek Systems's revenue was up 10.4% on a year-over-year basis. On average, analysts expect Mitek Systems to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Mitek Systems Stock Up 3.0%

NASDAQ MITK traded up $0.26 during trading hours on Monday, hitting $9.06. The company had a trading volume of 107,052 shares, compared to its average volume of 466,458. Mitek Systems has a fifty-two week low of $6.93 and a fifty-two week high of $11.84. The business has a fifty day simple moving average of $9.66 and a 200-day simple moving average of $9.28. The firm has a market cap of $409.87 million, a P/E ratio of 32.29 and a beta of 1.13.

Insider Activity

In other Mitek Systems news, insider Michael E. Diamond sold 70,352 shares of the company's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $9.77, for a total value of $687,339.04. Following the sale, the insider owned 233,340 shares in the company, valued at approximately $2,279,731.80. The trade was a 23.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.10% of the company's stock.

Institutional Investors Weigh In On Mitek Systems

A hedge fund recently raised its stake in Mitek Systems stock. AQR Capital Management LLC lifted its stake in Mitek Systems, Inc. (NASDAQ:MITK - Free Report) by 138.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,967 shares of the software maker's stock after purchasing an additional 64,980 shares during the quarter. AQR Capital Management LLC owned about 0.25% of Mitek Systems worth $924,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 83.64% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Mitek Systems from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 21st. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $12.88.

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.