Q2 EPS Estimates for Mitek Systems Lowered by HC Wainwright

Mitek Systems, Inc. (NASDAQ:MITK) – Research analysts at HC Wainwright reduced their Q2 2025 EPS estimates for Mitek Systems in a research note issued to investors on Tuesday, February 11th. HC Wainwright analyst S. Buck now expects that the software maker will post earnings of $0.14 per share for the quarter, down from their prior estimate of $0.20. 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 $0.65 per share. HC Wainwright also issued estimates for Mitek Systems’ Q3 2025 earnings at $0.13 EPS, Q4 2025 earnings at $0.20 EPS, FY2025 earnings at $0.55 EPS and FY2026 earnings at $0.60 EPS.

Other analysts have also recently issued reports about the stock. StockNews.com cut shares of Mitek Systems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Maxim Group boosted their price objective on shares of Mitek Systems from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.88.

Mitek Systems Price Performance

Shares of Mitek Systems stock opened at $10.01 on Friday. The firm has a fifty day simple moving average of $10.39 and a 200-day simple moving average of $9.59. The company has a current ratio of 4.39, a quick ratio of 4.39 and a debt-to-equity ratio of 0.67. Mitek Systems has a 1-year low of $7.35 and a 1-year high of $16.24. The stock has a market capitalization of $452.75 million, a price-to-earnings ratio of 166.83 and a beta of 1.08.

Mitek Systems (NASDAQ:MITK) last issued its quarterly earnings data on Monday, February 10th. The software maker reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). Mitek Systems had a return on equity of 16.64% and a net margin of 1.90%.

Institutional Investors Weigh In On Mitek Systems

Several institutional investors and hedge funds have recently bought and sold shares of MITK. Quarry LP bought a new stake in Mitek Systems in the 4th quarter valued at $31,000. Canada Pension Plan Investment Board bought a new stake in Mitek Systems in the 4th quarter valued at $39,000. nVerses Capital LLC increased its holdings 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 period. Avior Wealth Management LLC bought a new stake in Mitek Systems in the 3rd quarter valued at $60,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Mitek Systems in the 4th quarter worth about $105,000. Institutional investors own 83.64% of the company’s stock.

Insider Buying and Selling

In other Mitek Systems news, insider Jason Gray sold 6,222 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $9.07, for a total value of $56,433.54. Following the sale, the insider now owns 164,342 shares of the company’s stock, valued at $1,490,581.94. The trade was a 3.65 % 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 on 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 directly owns 166,632 shares in the company, valued at $1,514,684.88. This trade represents a 2.65 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,699 shares of company stock valued at $152,140. 2.10% of the stock is owned by company 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.