Q2 EPS Estimates for Mitek Systems Reduced by William Blair

Mitek Systems, Inc. (NASDAQ:MITK - Free Report) - Equities researchers at William Blair lowered their Q2 2025 earnings estimates for shares of Mitek Systems in a report issued on Tuesday, December 17th. William Blair analyst J. Roberge now anticipates that the software maker will post earnings per share of $0.18 for the quarter, down from their previous estimate 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 - Get Free Report) last issued its quarterly earnings data on Monday, December 16th. The software maker reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.16. Mitek Systems had a positive return on equity of 12.32% and a negative net margin of 4.05%. The business had revenue of $43.22 million for the quarter, compared to analysts' expectations of $41.30 million. During the same period last year, the business earned $0.15 EPS. The business's revenue was up 14.8% on a year-over-year basis.

A number of other analysts have also commented on MITK. StockNews.com lowered Mitek Systems from a "buy" rating to a "hold" rating in a report on Tuesday. HC Wainwright increased their target price on shares of Mitek Systems from $11.00 to $13.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Jefferies Financial Group lowered Mitek Systems from a "buy" rating to a "hold" rating and reduced their price objective for the company from $17.00 to $9.50 in a report on Wednesday, September 4th. Two investment 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, the company presently has a consensus rating of "Moderate Buy" and an average target price of $12.63.

Mitek Systems Stock Performance

Shares of Mitek Systems stock traded up $0.33 during mid-day trading on Friday, hitting $11.43. 1,204,874 shares of the stock were exchanged, compared to its average volume of 569,204. Mitek Systems has a 12 month low of $7.35 and a 12 month high of $16.24. The company has a 50-day simple moving average of $9.18 and a 200 day simple moving average of $9.92. The company has a market capitalization of $492.53 million, a P/E ratio of -76.20 and a beta of 1.12. The company has a debt-to-equity ratio of 0.68, a quick ratio of 4.46 and a current ratio of 4.46.

Insider Activity at Mitek Systems

In other news, insider Jason Gray sold 6,222 shares of the company's stock in a transaction dated 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 directly owns 164,342 shares in the company, valued at $1,490,581.94. This represents a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Christopher H. Briggs sold 3,320 shares of the firm'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 of the company's stock, valued at $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. 2.10% of the stock is owned by corporate insiders.

Institutional Trading of Mitek Systems

Hedge funds and other institutional investors have recently bought and sold shares of the company. Innealta Capital LLC purchased a new stake in shares of Mitek Systems in the 2nd quarter valued at about $32,000. nVerses Capital LLC increased its position in shares of Mitek Systems by 25.5% in 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 last quarter. Avior Wealth Management LLC purchased a new stake in Mitek Systems in the third quarter valued at approximately $60,000. Intech Investment Management LLC bought a new stake in Mitek Systems during the third quarter valued at approximately $117,000. Finally, Squarepoint Ops LLC purchased a new position in Mitek Systems in the 2nd quarter worth approximately $138,000. Institutional investors own 83.64% 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.