Brokers Offer Predictions for Mitek Systems Q3 Earnings

Mitek Systems, Inc. (NASDAQ:MITK) – Investment analysts at Northland Capmk issued their Q3 2026 earnings per share (EPS) estimates for shares of Mitek Systems in a report issued on Friday, June 20th. Northland Capmk analyst M. Grondahl expects that the software maker will post earnings of $0.20 per share 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) last announced its quarterly earnings data on Thursday, May 8th. The software maker reported $0.36 EPS for the quarter, topping the consensus estimate of $0.26 by $0.10. Mitek Systems had a net margin of 7.51% and a return on equity of 18.85%. The company had revenue of $51.93 million during the quarter, compared to the consensus estimate of $47.21 million. The company’s revenue for the quarter was up 10.4% on a year-over-year basis.

Separately, Wall Street Zen raised Mitek Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $12.88.

Mitek Systems Trading Up 1.3%

NASDAQ:MITK opened at $9.81 on Monday. The firm has a fifty day simple moving average of $9.18 and a two-hundred day simple moving average of $9.46. Mitek Systems has a 12 month low of $6.93 and a 12 month high of $13.72. The stock has a market capitalization of $443.80 million, a price-to-earnings ratio of 35.04 and a beta of 1.15.

Institutional Trading of Mitek Systems

Hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Mitek Systems by 3.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,600 shares of the software maker’s stock worth $674,000 after purchasing an additional 1,803 shares during the period. Bank of New York Mellon Corp boosted its stake in Mitek Systems by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 149,803 shares of the software maker’s stock valued at $1,236,000 after acquiring an additional 1,851 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Mitek Systems by 24.4% during the 1st quarter. Harbor Capital Advisors Inc. now owns 11,083 shares of the software maker’s stock valued at $91,000 after acquiring an additional 2,175 shares during the period. Rhumbline Advisers grew its position in shares of Mitek Systems by 3.8% during the 1st quarter. Rhumbline Advisers now owns 65,999 shares of the software maker’s stock valued at $544,000 after acquiring an additional 2,396 shares during the period. Finally, Quarry LP purchased a new stake in shares of Mitek Systems during the 4th quarter worth approximately $31,000. 83.64% of the stock is currently owned by institutional investors.

Insider Activity at Mitek Systems

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

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.