Mitek Systems, Inc. (NASDAQ:MITK – Free Report) – Analysts at William Blair boosted their Q1 2025 earnings per share (EPS) estimates for Mitek Systems in a report issued on Tuesday, December 17th. William Blair analyst J. Roberge now anticipates that the software maker will post earnings of $0.05 per share for the quarter, up from their previous forecast of $0.04. The consensus estimate for Mitek Systems’ current full-year earnings is $0.56 per share.
Mitek Systems (NASDAQ:MITK – Get Free Report) last issued its quarterly earnings results on Monday, December 16th. The software maker reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.16. Mitek Systems had a positive return on equity of 12.32% and a negative net margin of 4.05%. 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 previous year, the business earned $0.15 EPS. The business’s quarterly revenue was up 14.8% on a year-over-year basis.
View Our Latest Research Report on Mitek Systems
Mitek Systems Stock Up 3.0 %
MITK stock opened at $11.43 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 4.46 and a quick ratio of 4.46. Mitek Systems has a 1-year low of $7.35 and a 1-year high of $16.24. The firm has a fifty day moving average price of $9.18 and a two-hundred day moving average price of $9.92. The firm has a market cap of $492.53 million, a price-to-earnings ratio of -76.20 and a beta of 1.12.
Institutional Trading of Mitek Systems
A number of hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of Mitek Systems by 8.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,657,465 shares of the software maker’s stock valued at $18,531,000 after acquiring an additional 128,282 shares during the period. State Street Corp lifted its holdings in shares of Mitek Systems by 3.8% in the third 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 in the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings 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 purchasing an additional 553,379 shares in the last quarter. LSV Asset Management boosted its position in shares of Mitek Systems by 0.4% in the second 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 purchased a new position in shares of Mitek Systems during the third quarter valued at $4,068,000. 83.64% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Mitek Systems
In other news, insider Michael E. Diamond sold 4,544 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was 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 directly owns 166,632 shares of the company’s stock, valued at $1,514,684.88. This represents a 2.65 % decrease in their ownership of the stock. The sale 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 stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $9.07, for a total value of $56,433.54. Following the completion of the transaction, the insider now owns 164,342 shares of the company’s stock, valued at $1,490,581.94. This trade represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,699 shares of company stock valued at $152,140. Corporate insiders own 2.10% 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.
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