Mitek Systems FY2025 EPS Estimate Boosted by HC Wainwright

Mitek Systems, Inc. (NASDAQ:MITK) – Analysts at HC Wainwright lifted their FY2025 earnings per share estimates for shares of Mitek Systems in a note issued to investors on Tuesday, December 17th. HC Wainwright analyst S. Buck now forecasts that the software maker will post earnings of $0.72 per share for the year, up from their previous estimate of $0.50. 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’ Q4 2025 earnings at $0.26 EPS.

MITK has been the subject of a number of other reports. Jefferies Financial Group downgraded shares of Mitek Systems from a “buy” rating to a “hold” rating and lowered their target price for the company from $17.00 to $9.50 in a report on Wednesday, September 4th. StockNews.com cut shares of 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.63.

Mitek Systems Trading Up 3.0 %

NASDAQ MITK opened at $11.43 on Friday. The company has a market cap of $492.53 million, a P/E ratio of -76.20 and a beta of 1.12. Mitek Systems has a 12 month low of $7.35 and a 12 month 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 company has a 50-day moving average of $9.18 and a 200-day moving average of $9.92.

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 during the quarter, compared to analyst estimates of $41.30 million. During the same period in the prior year, the firm posted $0.15 earnings per share. The business’s quarterly revenue was up 14.8% compared to the same quarter last year.

Institutional Trading of Mitek Systems

A number of hedge funds have recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in Mitek Systems during the 2nd quarter valued at $32,000. nVerses Capital LLC boosted its position in Mitek Systems by 25.5% in the 3rd quarter. nVerses Capital LLC now owns 6,400 shares of the software maker’s stock valued at $55,000 after buying an additional 1,300 shares during the last quarter. Avior Wealth Management LLC acquired a new stake in shares of Mitek Systems during the third quarter valued at about $60,000. Intech Investment Management LLC purchased a new stake in shares of Mitek Systems during the third quarter worth about $117,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Mitek Systems in the second quarter worth about $138,000. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Insider Buying and Selling at Mitek Systems

In related news, SVP Christopher H. Briggs sold 3,320 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $9.08, for a total transaction of $30,145.60. Following the sale, the senior vice president now directly owns 65,353 shares in the company, valued at approximately $593,405.24. This trade represents a 4.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael E. Diamond sold 4,544 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $9.09, for a total value of $41,304.96. Following the transaction, the insider now directly owns 166,632 shares in the company, valued at $1,514,684.88. This trade represents a 2.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,699 shares of company stock valued at $152,140 over the last ninety days. Corporate insiders own 2.10% 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.