Mitek Systems FY2025 EPS Estimate Boosted by HC Wainwright

Mitek Systems, Inc. (NASDAQ:MITKFree Report) – Research analysts at HC Wainwright boosted their FY2025 earnings estimates for Mitek Systems in a research report issued to clients and investors on Tuesday, December 17th. HC Wainwright analyst S. Buck now anticipates that the software maker will post earnings per share of $0.72 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:MITKGet Free Report) last issued 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 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 business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.15 EPS.

Several other brokerages have also recently weighed in on MITK. Jefferies Financial Group cut shares of 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 note on Wednesday, September 4th. StockNews.com lowered shares of Mitek Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $12.63.

View Our Latest Stock Analysis on Mitek Systems

Mitek Systems Stock Up 3.0 %

NASDAQ:MITK opened at $11.43 on Friday. 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 one year low of $7.35 and a one year high of $16.24. The firm’s 50 day simple moving average is $9.23 and its 200 day simple moving average is $9.91. The company has a market cap of $528.07 million, a PE ratio of -76.20 and a beta of 1.12.

Institutional Investors Weigh In On Mitek Systems

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in Mitek Systems by 8.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,657,465 shares of the software maker’s stock valued at $18,531,000 after purchasing an additional 128,282 shares during the period. State Street Corp lifted its stake 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 buying an additional 47,418 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in shares of Mitek Systems by 259.9% during 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 during the last quarter. LSV Asset Management increased its position in shares of Mitek Systems by 0.4% during the second quarter. LSV Asset Management now owns 738,799 shares of the software maker’s stock worth $8,260,000 after acquiring an additional 2,900 shares in the last quarter. Finally, Invenomic Capital Management LP bought a new position in Mitek Systems in the 3rd quarter valued at about $4,068,000. Institutional investors own 83.64% of the company’s stock.

Insider Buying and Selling at Mitek Systems

In related news, SVP Christopher H. Briggs sold 3,320 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $9.08, for a total value of $30,145.60. Following the completion of the sale, the senior vice president now directly owns 65,353 shares of the company’s stock, valued at $593,405.24. The trade was a 4.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael E. Diamond sold 4,544 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $9.09, for a total value of $41,304.96. Following the transaction, the insider now directly 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. Over the last three months, insiders have sold 16,699 shares of company stock valued at $152,140. 2.10% of the stock is currently owned by company insiders.

About Mitek Systems

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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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Earnings History and Estimates for Mitek Systems (NASDAQ:MITK)

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