Northland Capmk Weighs in on Mitek Systems Q3 Earnings

Mitek Systems, Inc. (NASDAQ:MITK - Free Report) - Equities researchers at Northland Capmk issued their Q3 2026 earnings per share estimates for Mitek Systems in a research note issued to investors on Friday, June 20th. Northland Capmk analyst M. Grondahl anticipates that the software maker will post earnings per share of $0.20 for the quarter. The consensus estimate for Mitek Systems' current full-year earnings is $0.59 per share. Northland Capmk also issued estimates for Mitek Systems' Q4 2026 earnings at $0.19 EPS.

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

Separately, Wall Street Zen upgraded 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 issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Mitek Systems presently has a consensus rating of "Buy" and an average target price of $12.88.

Mitek Systems Trading Up 2.5%

Shares of Mitek Systems stock traded up $0.24 during trading on Monday, hitting $9.96. 398,866 shares of the stock traded hands, compared to its average volume of 553,097. The firm has a market cap of $450.59 million, a P/E ratio of 35.57 and a beta of 1.15. Mitek Systems has a 52-week low of $6.93 and a 52-week high of $13.72. The stock's fifty day simple moving average is $9.26 and its 200 day simple moving average is $9.47.

Insider Buying and Selling at Mitek Systems

In other Mitek Systems news, insider Michael E. Diamond sold 70,352 shares of Mitek Systems 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 transaction, the insider now owns 233,340 shares in the company, valued at $2,279,731.80. The trade was a 23.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Mitek Systems

Several institutional investors have recently added to or reduced their stakes in MITK. Y Intercept Hong Kong Ltd acquired a new stake in Mitek Systems in the fourth quarter worth about $114,000. Impax Asset Management Group plc acquired a new stake in Mitek Systems in the fourth quarter worth about $5,565,000. Kovack Advisors Inc. boosted its holdings in Mitek Systems by 62.6% in the fourth quarter. Kovack Advisors Inc. now owns 69,744 shares of the software maker's stock worth $776,000 after acquiring an additional 26,850 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Mitek Systems in the fourth quarter worth about $284,000. Finally, Raymond James Financial Inc. acquired a new stake in Mitek Systems in the fourth quarter worth about $341,000. Institutional investors and hedge funds 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.