William Blair Has Negative View of Mitek Systems Q2 Earnings

Mitek Systems, Inc. (NASDAQ:MITK) – Analysts at William Blair dropped their Q2 2025 earnings per share (EPS) estimates for Mitek Systems in a report issued on Tuesday, December 17th. William Blair analyst J. Roberge now expects that the software maker will post earnings per share of $0.18 for the quarter, down from their previous forecast of $0.21. The consensus estimate for Mitek Systems’ current full-year earnings is $0.56 per share. William Blair also issued estimates for Mitek Systems’ Q3 2025 earnings at $0.19 EPS, Q4 2025 earnings at $0.19 EPS, FY2025 earnings at $0.60 EPS, Q1 2026 earnings at $0.08 EPS, Q2 2026 earnings at $0.20 EPS, Q3 2026 earnings at $0.21 EPS and Q4 2026 earnings at $0.22 EPS.

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

Other equities analysts have also recently issued research reports about the stock. Jefferies Financial Group cut shares of Mitek Systems from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $17.00 to $9.50 in a research report on Wednesday, September 4th. HC Wainwright raised their price target on Mitek Systems from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, StockNews.com downgraded Mitek Systems from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.63.

Mitek Systems Price Performance

Shares of MITK opened at $11.43 on Friday. The firm has a 50-day simple moving average of $9.23 and a two-hundred day simple moving average of $9.91. The stock has a market cap of $528.07 million, a PE ratio of -76.20 and a beta of 1.12. Mitek Systems has a 1-year low of $7.35 and a 1-year 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.

Hedge Funds Weigh In On Mitek Systems

A number of institutional investors and hedge funds have recently modified their holdings of MITK. Innealta Capital LLC acquired a new stake in Mitek Systems in the second quarter valued at $32,000. nVerses Capital LLC purchased a new stake in Mitek Systems during the second quarter worth approximately $57,000. Avior Wealth Management LLC acquired a new position in Mitek Systems in the third quarter valued at approximately $60,000. Squarepoint Ops LLC purchased a new position in Mitek Systems in the second quarter valued at approximately $138,000. Finally, Intech Investment Management LLC acquired a new stake in Mitek Systems during the third quarter worth approximately $117,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

Insiders Place Their Bets

In other Mitek Systems 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 transaction of $30,145.60. Following the completion of the transaction, the senior vice president now owns 65,353 shares in the company, valued at $593,405.24. The trade was a 4.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jason Gray sold 6,222 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 164,342 shares in the company, valued at approximately $1,490,581.94. This represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,699 shares of company stock worth $152,140 over the last 90 days. Corporate insiders own 2.10% 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.