William Blair Has Negative View of Mitek Systems Q2 Earnings

Mitek Systems, Inc. (NASDAQ:MITK) – Equities researchers at William Blair cut their Q2 2025 EPS estimates for shares of Mitek Systems in a research note issued to investors on Tuesday, December 17th. William Blair analyst J. Roberge now forecasts that the software maker will post earnings of $0.18 per share for the quarter, down from their prior forecast 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.

Several other equities research analysts also recently commented on MITK. StockNews.com downgraded Mitek Systems from a “buy” rating to a “hold” rating in a report on Tuesday. HC Wainwright lifted their price target 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 downgraded shares of Mitek Systems from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $17.00 to $9.50 in a report on Wednesday, September 4th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.63.

Mitek Systems Stock Performance

Shares of Mitek Systems stock opened at $11.43 on Friday. The business has a 50-day simple moving average of $9.18 and a 200 day simple moving average of $9.92. Mitek Systems has a one year low of $7.35 and a one year high of $16.24. The company has a debt-to-equity ratio of 0.68, a current ratio of 4.46 and a quick ratio of 4.46. The firm has a market capitalization of $492.53 million, a price-to-earnings ratio of -76.20 and a beta of 1.12.

Mitek Systems (NASDAQ:MITK) last announced 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. The firm had revenue of $43.22 million for the quarter, compared to analyst estimates of $41.30 million. Mitek Systems had a negative net margin of 4.05% and a positive return on equity of 12.32%. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.15 earnings per share.

Insider Transactions at Mitek Systems

In other news, SVP Christopher H. Briggs sold 3,320 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were 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 owns 65,353 shares in the company, valued at $593,405.24. This represents a 4.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michael E. Diamond sold 4,544 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $9.09, for a total transaction of $41,304.96. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders sold a total of 16,699 shares of company stock valued at $152,140 over the last ninety days. 2.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mitek Systems

Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its position in shares of Mitek Systems by 8.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,657,465 shares of the software maker’s stock valued at $18,531,000 after acquiring an additional 128,282 shares during the last quarter. State Street Corp boosted its position in Mitek Systems by 3.8% in the third quarter. State Street Corp now owns 1,306,351 shares of the software maker’s stock worth $11,326,000 after purchasing an additional 47,418 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its stake in Mitek Systems by 259.9% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 766,322 shares of the software maker’s stock valued at $8,567,000 after purchasing an additional 553,379 shares during the period. LSV Asset Management increased its position in shares of Mitek Systems by 0.4% during the 2nd quarter. LSV Asset Management now owns 738,799 shares of the software maker’s stock valued at $8,260,000 after purchasing an additional 2,900 shares during the last quarter. Finally, Invenomic Capital Management LP bought a new stake in shares of Mitek Systems during the 3rd quarter worth $4,068,000. Hedge funds and other institutional investors own 83.64% of the company’s stock.

About Mitek Systems

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.