HC Wainwright Forecasts Mitek Systems Q1 Earnings

Mitek Systems, Inc. (NASDAQ:MITK) – Equities researchers at HC Wainwright issued their Q1 2025 earnings per share (EPS) estimates for shares of Mitek Systems in a report issued on Tuesday, December 17th. HC Wainwright analyst S. Buck anticipates that the software maker will post earnings of $0.08 per share for the quarter. 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’ Q2 2025 earnings at $0.20 EPS and Q3 2025 earnings at $0.20 EPS.

Several other equities research analysts have also recently weighed in on the stock. StockNews.com cut shares of Mitek Systems from a “buy” rating to a “hold” rating in a research note on Tuesday. Jefferies Financial Group downgraded Mitek Systems from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $17.00 to $9.50 in a research report on Wednesday, September 4th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Mitek Systems has a consensus rating of “Moderate Buy” and a consensus price target of $12.63.

Mitek Systems Stock Performance

NASDAQ MITK opened at $11.10 on Thursday. The company’s fifty day moving average is $9.18 and its two-hundred day moving average is $9.92. Mitek Systems has a 52-week low of $7.35 and a 52-week high of $16.24. The company has a debt-to-equity ratio of 0.68, a current ratio of 4.46 and a quick ratio of 4.46. The firm has a market capitalization of $478.31 million, a price-to-earnings ratio of -74.00 and a beta of 1.12.

Mitek Systems (NASDAQ:MITK) last announced its earnings results 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. The business had revenue of $43.22 million for the quarter, compared to analyst estimates of $41.30 million. Mitek Systems had a negative net margin of 4.05% and a positive return on equity of 12.32%. Mitek Systems’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 earnings per share.

Institutional Trading of Mitek Systems

Several hedge funds have recently modified their holdings of MITK. Thompson Siegel & Walmsley LLC increased its stake in shares of Mitek Systems by 259.9% in the second 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 acquired a new stake in Mitek Systems in the 3rd quarter valued at about $4,068,000. Foundry Partners LLC bought a new position in shares of Mitek Systems in the second quarter worth about $3,275,000. EVR Research LP bought a new position in shares of Mitek Systems in the second quarter worth about $2,957,000. Finally, Marshall Wace LLP lifted its position in shares of Mitek Systems by 251.1% during the second quarter. Marshall Wace LLP now owns 309,163 shares of the software maker’s stock worth $3,456,000 after purchasing an additional 221,116 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Insider Activity

In related news, insider Jason Gray sold 6,222 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $9.07, for a total transaction of $56,433.54. Following the completion of the sale, the insider now owns 164,342 shares in the company, valued at $1,490,581.94. This trade represents a 3.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael E. Diamond sold 4,544 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $9.09, for a total transaction of $41,304.96. Following the completion of the transaction, the insider now owns 166,632 shares in the company, valued at approximately $1,514,684.88. This trade represents a 2.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,699 shares of company stock worth $152,140. 2.10% of the stock is currently owned by corporate insiders.

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.