Brokers Offer Predictions for Mitek Systems FY2025 Earnings

Mitek Systems, Inc. (NASDAQ:MITK) – Research analysts at HC Wainwright lifted their FY2025 EPS estimates for shares of Mitek Systems in a report released on Tuesday, December 17th. HC Wainwright analyst S. Buck now expects that the software maker will post earnings of $0.72 per share for the year, up from their prior forecast of $0.50. HC Wainwright has a “Buy” rating and a $13.00 price objective on the stock. The consensus estimate for Mitek Systems’ current full-year earnings is $0.56 per share. HC Wainwright also issued estimates for Mitek Systems’ Q4 2025 earnings at $0.26 EPS.

Mitek Systems (NASDAQ:MITK) last issued its quarterly earnings data on Monday, December 16th. The software maker reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.16. Mitek Systems had a negative net margin of 4.05% and a positive return on equity of 12.32%. The business had revenue of $43.22 million during the quarter, compared to the consensus estimate of $41.30 million. During the same period in the prior year, the firm posted $0.15 EPS. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year.

A number of other brokerages also recently issued reports on MITK. StockNews.com downgraded Mitek Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Jefferies Financial Group lowered shares of Mitek Systems from a “buy” rating to a “hold” rating and reduced their price target for the company from $17.00 to $9.50 in a research report on Wednesday, September 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Mitek Systems has an average rating of “Moderate Buy” and an average target price of $12.63.

Mitek Systems Stock Performance

MITK stock opened at $11.43 on Friday. The company has a quick ratio of 4.46, a current ratio of 4.46 and a debt-to-equity ratio of 0.68. The firm has a market cap of $528.07 million, a PE ratio of -76.20 and a beta of 1.12. The business has a 50 day moving average of $9.23 and a 200-day moving average of $9.91. Mitek Systems has a 12-month low of $7.35 and a 12-month high of $16.24.

Insider Buying and Selling at Mitek Systems

In other news, SVP Christopher H. Briggs sold 3,320 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $9.08, for a total value of $30,145.60. Following the sale, the senior vice president now owns 65,353 shares of the company’s stock, valued at $593,405.24. The trade was a 4.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jason Gray sold 6,222 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $9.07, for a total transaction 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. Insiders have sold a total of 16,699 shares of company stock worth $152,140 over the last ninety days. 2.10% of the stock is currently owned by company insiders.

Institutional Trading of Mitek Systems

A number of institutional investors have recently added to or reduced their stakes in MITK. Thompson Siegel & Walmsley LLC grew its holdings in Mitek Systems by 259.9% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 766,322 shares of the software maker’s stock valued at $8,567,000 after buying an additional 553,379 shares in the last quarter. Invenomic Capital Management LP bought a new stake in Mitek Systems during the 3rd quarter worth approximately $4,068,000. Foundry Partners LLC purchased a new stake in Mitek Systems in the 2nd quarter worth approximately $3,275,000. EVR Research LP bought a new position in Mitek Systems in the 2nd quarter valued at $2,957,000. Finally, Marshall Wace LLP grew its position in shares of Mitek Systems by 251.1% during the 2nd quarter. Marshall Wace LLP now owns 309,163 shares of the software maker’s stock valued at $3,456,000 after purchasing an additional 221,116 shares in the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.

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.