Q2 EPS Estimates for Mitek Systems Raised by William Blair

Mitek Systems, Inc. (NASDAQ:MITK - Free Report) - Stock analysts at William Blair lifted their Q2 2025 EPS estimates for shares of Mitek Systems in a research note issued to investors on Tuesday, February 11th. William Blair analyst J. Roberge now forecasts that the software maker will post earnings of $0.19 per share for the quarter, up from their previous forecast of $0.18. The consensus estimate for Mitek Systems' current full-year earnings is $0.65 per share. William Blair also issued estimates for Mitek Systems' Q3 2025 earnings at $0.14 EPS, Q4 2025 earnings at $0.14 EPS, FY2025 earnings at $0.55 EPS, Q1 2026 earnings at $0.07 EPS, Q4 2026 earnings at $0.21 EPS and FY2026 earnings at $0.69 EPS.

Several other brokerages have also recently weighed in on MITK. StockNews.com cut shares of Mitek Systems from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 11th. Maxim Group boosted their price target on shares of Mitek Systems from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Finally, HC Wainwright reissued a "buy" rating and set a $13.00 price target on shares of Mitek Systems 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's stock. According to MarketBeat.com, Mitek Systems presently has a consensus rating of "Moderate Buy" and an average price target of $12.88.

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Mitek Systems Price Performance

MITK traded down $0.22 on Friday, hitting $9.79. 595,622 shares of the company's stock were exchanged, compared to its average volume of 555,375. The firm has a 50-day moving average price of $10.42 and a 200-day moving average price 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. The stock has a market cap of $442.94 million, a price-to-earnings ratio of 163.17 and a beta of 1.08. Mitek Systems has a fifty-two week low of $7.35 and a fifty-two week high of $16.24.

Mitek Systems (NASDAQ:MITK - Get Free Report) last announced its earnings results on Monday, February 10th. The software maker reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.07). Mitek Systems had a return on equity of 16.64% and a net margin of 1.90%.

Insider Activity at Mitek Systems

In related news, insider Michael E. Diamond sold 4,544 shares of the business's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $9.09, for a total value of $41,304.96. Following 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Christopher H. Briggs sold 3,320 shares of the business's stock in a transaction dated 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 sale, the senior vice president now owns 65,353 shares in the company, valued at approximately $593,405.24. This trade represents a 4.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,699 shares of company stock worth $152,140. Company insiders own 2.10% of the company's stock.

Institutional Trading of Mitek Systems

A number of institutional investors and hedge funds have recently bought and sold shares of MITK. Quarry LP purchased a new stake in Mitek Systems during the fourth quarter worth about $31,000. Canada Pension Plan Investment Board purchased a new stake in Mitek Systems during the fourth quarter worth about $39,000. nVerses Capital LLC increased its stake in Mitek Systems by 25.5% during the third quarter. nVerses Capital LLC now owns 6,400 shares of the software maker's stock worth $55,000 after purchasing an additional 1,300 shares during the period. Avior Wealth Management LLC purchased a new stake in Mitek Systems during the third quarter worth about $60,000. Finally, Ancora Advisors LLC purchased a new stake in Mitek Systems during the fourth quarter worth about $67,000. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

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.