Mitek Systems, Inc. (NASDAQ:MITK - Free Report) - Research analysts at HC Wainwright decreased their Q2 2025 earnings per share estimates for Mitek Systems in a note issued to investors on Tuesday, February 11th. HC Wainwright analyst S. Buck now expects that the software maker will earn $0.14 per share for the quarter, down from their previous estimate of $0.20. 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 $0.65 per share. HC Wainwright also issued estimates for Mitek Systems' Q3 2025 earnings at $0.13 EPS, Q4 2025 earnings at $0.20 EPS, FY2025 earnings at $0.55 EPS and FY2026 earnings at $0.60 EPS.
Mitek Systems (NASDAQ:MITK - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The software maker reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.07). Mitek Systems had a net margin of 1.90% and a return on equity of 16.64%.
MITK has been the subject of a number of other research reports. StockNews.com cut Mitek Systems from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 11th. Maxim Group raised their price target on Mitek Systems from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Mitek Systems presently has an average rating of "Moderate Buy" and a consensus price target of $12.88.
Read Our Latest Analysis on MITK
Mitek Systems Price Performance
Shares of MITK stock traded down $0.22 during mid-day trading on Friday, reaching $9.79. The stock had a trading volume of 595,622 shares, compared to its average volume of 555,375. Mitek Systems has a 12-month low of $7.35 and a 12-month high of $16.24. The company has a market cap of $442.94 million, a P/E ratio of 163.17 and a beta of 1.08. The business has a 50-day simple moving average of $10.42 and a 200 day simple moving average of $9.49. The company has a current ratio of 4.39, a quick ratio of 4.39 and a debt-to-equity ratio of 0.67.
Institutional Trading of Mitek Systems
A number of hedge funds have recently added to or reduced their stakes in MITK. Invesco Ltd. boosted its stake in Mitek Systems by 534.4% in the 4th quarter. Invesco Ltd. now owns 1,722,099 shares of the software maker's stock worth $19,167,000 after buying an additional 1,450,652 shares during the last quarter. Marshall Wace LLP boosted its stake in Mitek Systems by 2,115.7% in the 4th quarter. Marshall Wace LLP now owns 859,123 shares of the software maker's stock worth $9,562,000 after buying an additional 820,349 shares during the last quarter. Impax Asset Management Group plc acquired a new stake in Mitek Systems in the 4th quarter worth about $5,565,000. Invenomic Capital Management LP acquired a new stake in Mitek Systems in the 3rd quarter worth about $4,068,000. Finally, Phoenix Financial Ltd. acquired a new stake in Mitek Systems in the 4th quarter worth about $4,733,000. 83.64% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Mitek Systems
In related news, insider Jason Gray sold 6,222 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $9.07, for a total transaction of $56,433.54. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael E. Diamond sold 4,544 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $9.09, for a total value of $41,304.96. Following the completion of the sale, the insider now directly owns 166,632 shares in the company, valued at approximately $1,514,684.88. The trade was a 2.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,699 shares of company stock valued at $152,140 over the last quarter. Insiders own 2.10% of the company's stock.
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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