Brokers Offer Predictions for Mitek Systems Q1 Earnings

Mitek Systems, Inc. (NASDAQ:MITK - Free Report) - Stock analysts at HC Wainwright issued their Q1 2025 earnings per share estimates for shares of Mitek Systems in a research report issued on Tuesday, December 17th. HC Wainwright analyst S. Buck forecasts 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 - Get Free Report) last announced its earnings results on Monday, December 16th. The software maker reported $0.33 EPS for the quarter, beating the consensus estimate of $0.17 by $0.16. The business had revenue of $43.22 million during the quarter, compared to the consensus estimate of $41.30 million. Mitek Systems had a positive return on equity of 12.32% and a negative net margin of 4.05%. Mitek Systems'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 earnings per share.

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

Mitek Systems Trading Up 3.2 %

MITK stock traded up $0.34 during mid-day trading on Thursday, reaching $11.10. 1,495,308 shares of the stock traded hands, compared to its average volume of 566,607. Mitek Systems has a 52-week low of $7.35 and a 52-week high of $16.24. The stock's fifty day moving average is $9.18 and its 200-day moving average is $9.92. The company has a market cap of $478.31 million, a P/E ratio of -74.00 and a beta of 1.12. The company has a current ratio of 4.46, a quick ratio of 4.46 and a debt-to-equity ratio of 0.68.

Hedge Funds Weigh In On Mitek Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MITK. BNP Paribas Financial Markets raised its holdings in shares of Mitek Systems by 357.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 82,578 shares of the software maker's stock valued at $716,000 after purchasing an additional 64,509 shares in the last quarter. EVR Research LP bought a new position in Mitek Systems during the second quarter valued at about $2,957,000. Marshall Wace LLP boosted its stake in shares of Mitek Systems by 251.1% during the 2nd quarter. Marshall Wace LLP now owns 309,163 shares of the software maker's stock worth $3,456,000 after acquiring an additional 221,116 shares in the last quarter. Creative Planning acquired a new position in shares of Mitek Systems during the 3rd quarter valued at about $152,000. Finally, Foundry Partners LLC bought a new position in shares of Mitek Systems in the 2nd quarter valued at approximately $3,275,000. Institutional investors own 83.64% of the company's stock.

Insider Activity

In other news, insider Jason Gray sold 6,222 shares of the business's 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 in the company, valued at $1,490,581.94. The trade was a 3.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael E. Diamond sold 4,544 shares of the stock in a transaction 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,699 shares of company stock worth $152,140 in the last 90 days. Company 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.