HC Wainwright Predicts Mitek Systems Q1 Earnings

Mitek Systems, Inc. (NASDAQ:MITK) – Equities researchers at HC Wainwright issued their Q1 2025 earnings estimates for Mitek Systems in a research note issued to investors on Tuesday, December 17th. HC Wainwright analyst S. Buck anticipates that the software maker will earn $0.08 per share for the quarter. HC Wainwright currently has a “Buy” rating and a $13.00 target price 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.

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

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

Mitek Systems Price Performance

Mitek Systems stock opened at $11.43 on Thursday. The business’s 50-day simple moving average is $9.18 and its 200 day simple moving average is $9.92. 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 stock has a market cap of $492.53 million, a price-to-earnings ratio of -76.20 and a beta of 1.12. 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, insider Jason Gray sold 6,222 shares of Mitek Systems stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $9.07, for a total transaction of $56,433.54. Following the transaction, the insider now directly owns 164,342 shares of the company’s stock, valued at $1,490,581.94. This trade represents a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael E. Diamond sold 4,544 shares of the company’s stock in a transaction on 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 sale, the insider now owns 166,632 shares of the company’s stock, valued at approximately $1,514,684.88. This represents a 2.65 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,699 shares of company stock valued at $152,140. 2.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in shares of Mitek Systems by 8.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,657,465 shares of the software maker’s stock worth $18,531,000 after acquiring an additional 128,282 shares in the last quarter. State Street Corp grew its position in shares of Mitek Systems by 3.8% in the 3rd quarter. State Street Corp now owns 1,306,351 shares of the software maker’s stock valued at $11,326,000 after purchasing an additional 47,418 shares during the period. Thompson Siegel & Walmsley LLC increased its stake 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 worth $8,567,000 after purchasing an additional 553,379 shares in the last quarter. LSV Asset Management raised its holdings in Mitek Systems by 0.4% during the 2nd quarter. LSV Asset Management now owns 738,799 shares of the software maker’s stock worth $8,260,000 after buying an additional 2,900 shares during the period. Finally, Invenomic Capital Management LP acquired a new stake in Mitek Systems during the 3rd quarter worth approximately $4,068,000. 83.64% of the stock is currently owned by institutional investors.

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.