HC Wainwright Estimates Mitek Systems Q1 Earnings

Mitek Systems, Inc. (NASDAQ:MITK) – Equities research analysts at HC Wainwright issued their Q1 2025 earnings estimates for Mitek Systems in a research report issued on Tuesday, December 17th. HC Wainwright analyst S. Buck forecasts 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 price target 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.

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

Mitek Systems Stock Performance

Shares of MITK traded up $0.18 during mid-day trading on Thursday, hitting $10.94. The stock had a trading volume of 271,725 shares, compared to its average volume of 561,218. The company has a quick ratio of 4.46, a current ratio of 4.46 and a debt-to-equity ratio of 0.68. The company has a market cap of $505.47 million, a PE ratio of -72.93 and a beta of 1.12. Mitek Systems has a fifty-two week low of $7.35 and a fifty-two week high of $16.24. The company’s fifty day simple moving average is $9.13 and its two-hundred day simple moving average is $9.91.

Mitek Systems (NASDAQ:MITK) last issued its earnings results on Monday, December 16th. The software maker reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.16. The business 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 company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.15 EPS.

Insiders Place Their Bets

In other news, insider Jason Gray sold 6,222 shares of Mitek Systems stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $9.07, for a total transaction of $56,433.54. Following the transaction, the insider now owns 164,342 shares in the company, valued at approximately $1,490,581.94. The trade was a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Christopher H. Briggs sold 3,320 shares of the business’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 completion of the sale, the senior vice president now owns 65,353 shares of the company’s stock, 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. Insiders sold 16,699 shares of company stock worth $152,140 over the last ninety days. Company insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Mitek Systems

Several hedge funds and other institutional investors have recently made changes to their positions in MITK. Thompson Siegel & Walmsley LLC boosted its position in shares of Mitek Systems by 259.9% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 766,322 shares of the software maker’s stock valued at $8,567,000 after acquiring an additional 553,379 shares in the last quarter. Invenomic Capital Management LP acquired a new stake in Mitek Systems during the 3rd quarter valued at $4,068,000. Foundry Partners LLC acquired a new position in Mitek Systems in the second quarter worth $3,275,000. EVR Research LP bought a new position in shares of Mitek Systems in the second quarter valued at about $2,957,000. Finally, Marshall Wace LLP grew its stake in shares of Mitek Systems by 251.1% during the second quarter. Marshall Wace LLP now owns 309,163 shares of the software maker’s stock valued at $3,456,000 after purchasing an additional 221,116 shares during the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

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.