HC Wainwright Predicts Mitek Systems Q1 Earnings

Mitek Systems, Inc. (NASDAQ:MITK) – Research analysts at HC Wainwright issued their Q1 2025 earnings per share (EPS) estimates for shares of Mitek Systems in a report released 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 has a “Buy” rating and a $13.00 price objective 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.

Other equities analysts also recently issued reports about the company. Jefferies Financial Group downgraded Mitek Systems from a “buy” rating to a “hold” rating and dropped their price objective for the company from $17.00 to $9.50 in a research note on Wednesday, September 4th. StockNews.com downgraded Mitek Systems from a “buy” rating to a “hold” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $12.63.

Mitek Systems Price Performance

Shares of NASDAQ MITK traded up $0.18 during midday trading on Thursday, hitting $10.94. The company had a trading volume of 271,725 shares, compared to its average volume of 561,218. The firm has a market capitalization of $505.47 million, a price-to-earnings ratio of -72.93 and a beta of 1.12. Mitek Systems has a twelve month low of $7.35 and a twelve month high of $16.24. The business has a 50-day simple moving average of $9.13 and a two-hundred day simple moving average of $9.91. The company has a quick ratio of 4.46, a current ratio of 4.46 and a debt-to-equity ratio of 0.68.

Mitek Systems (NASDAQ:MITK) last released its quarterly earnings data on Monday, December 16th. The software maker reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.16. The firm had revenue of $43.22 million during the quarter, compared to analysts’ expectations of $41.30 million. Mitek Systems had a positive return on equity of 12.32% and a negative net margin of 4.05%. Mitek Systems’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.15 earnings per share.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Innealta Capital LLC acquired a new stake in Mitek Systems during the second quarter worth about $32,000. nVerses Capital LLC grew its holdings in shares of Mitek Systems by 25.5% during the 3rd 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 acquired a new stake in Mitek Systems during the 3rd quarter worth approximately $60,000. Intech Investment Management LLC purchased a new position in Mitek Systems in the third quarter valued at approximately $117,000. Finally, Squarepoint Ops LLC purchased a new position in Mitek Systems in the second quarter valued at approximately $138,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

Insider Transactions at Mitek Systems

In other news, insider Michael E. Diamond sold 4,544 shares of Mitek Systems stock in a transaction on Tuesday, December 3rd. The stock was 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 owns 166,632 shares of the company’s stock, valued at $1,514,684.88. The trade was a 2.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jason Gray sold 6,222 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $9.07, for a total value of $56,433.54. Following the transaction, the insider now owns 164,342 shares in the company, valued at $1,490,581.94. This trade represents a 3.65 % decrease in their ownership of the stock. 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 three months. 2.10% of the stock is currently owned by 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.