HC Wainwright Weighs in on Mitek Systems Q1 Earnings

Mitek Systems, Inc. (NASDAQ:MITK) – HC Wainwright issued their Q1 2025 earnings per share estimates for Mitek Systems in a report issued on Tuesday, December 17th. HC Wainwright analyst S. Buck expects that the software maker will post earnings of $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) last released 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. Mitek Systems had a positive return on equity of 12.32% and a negative net margin of 4.05%. The firm had revenue of $43.22 million for the quarter, compared to analysts’ expectations of $41.30 million. During the same quarter in the previous year, the business posted $0.15 EPS. The business’s quarterly revenue was up 14.8% compared to the same quarter last year.

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

Mitek Systems Price Performance

NASDAQ MITK opened at $11.43 on Thursday. Mitek Systems has a 12-month low of $7.35 and a 12-month high of $16.24. The firm’s 50 day moving average is $9.18 and its 200-day moving average is $9.92. The company has a market capitalization of $492.53 million, a PE ratio of -76.20 and a beta of 1.12. The company has a quick ratio of 4.46, a current ratio of 4.46 and a debt-to-equity ratio of 0.68.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its position in Mitek Systems by 357.0% during the third quarter. BNP Paribas Financial Markets now owns 82,578 shares of the software maker’s stock worth $716,000 after purchasing an additional 64,509 shares during the period. EVR Research LP acquired a new stake in shares of Mitek Systems during the 2nd quarter worth about $2,957,000. Marshall Wace LLP lifted 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 buying an additional 221,116 shares during the last quarter. Creative Planning bought a new stake in shares of Mitek Systems during the 3rd quarter worth about $152,000. Finally, Foundry Partners LLC acquired a new position in Mitek Systems in the 2nd quarter valued at about $3,275,000. 83.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Mitek Systems

In other Mitek Systems news, SVP Christopher H. Briggs sold 3,320 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $9.08, for a total value of $30,145.60. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael E. Diamond sold 4,544 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $9.09, for a total value of $41,304.96. Following the completion of the sale, the insider now directly owns 166,632 shares of the company’s stock, 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. Over the last three months, insiders sold 16,699 shares of company stock valued at $152,140. 2.10% of the stock is owned by corporate insiders.

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.