William Blair Expects Increased Earnings for Mitek Systems

Mitek Systems, Inc. (NASDAQ:MITK) – Analysts at William Blair boosted their Q2 2025 earnings estimates for Mitek Systems in a research note issued to investors on Tuesday, February 11th. William Blair analyst J. Roberge now forecasts that the software maker will post earnings of $0.19 per share for the quarter, up from their previous estimate of $0.18. The consensus estimate for Mitek Systems’ current full-year earnings is $0.65 per share. William Blair also issued estimates for Mitek Systems’ Q3 2025 earnings at $0.14 EPS, Q4 2025 earnings at $0.14 EPS, FY2025 earnings at $0.55 EPS, Q1 2026 earnings at $0.07 EPS, Q4 2026 earnings at $0.21 EPS and FY2026 earnings at $0.69 EPS.

Other analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Mitek Systems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. HC Wainwright reissued a “buy” rating and issued a $13.00 price objective on shares of Mitek Systems in a research note on Tuesday. Finally, 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.88.

Mitek Systems Stock Performance

Mitek Systems stock opened at $10.01 on Friday. The company has a 50 day moving average price of $10.39 and a 200-day moving average price of $9.59. The company has a debt-to-equity ratio of 0.67, a quick ratio of 4.39 and a current ratio of 4.39. Mitek Systems has a fifty-two week low of $7.35 and a fifty-two week high of $16.24. The company has a market capitalization of $452.75 million, a PE ratio of 166.83 and a beta of 1.08.

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

Institutional Investors Weigh In On Mitek Systems

A number of large investors have recently made changes to their positions in MITK. Invesco Ltd. grew its holdings in shares of Mitek Systems by 534.4% during the fourth quarter. Invesco Ltd. now owns 1,722,099 shares of the software maker’s stock valued at $19,167,000 after buying an additional 1,450,652 shares during the last quarter. Marshall Wace LLP boosted its holdings in Mitek Systems by 2,115.7% in the fourth quarter. Marshall Wace LLP now owns 859,123 shares of the software maker’s stock valued at $9,562,000 after purchasing an additional 820,349 shares during the last quarter. Impax Asset Management Group plc purchased a new stake in Mitek Systems in the fourth quarter valued at $5,565,000. Invenomic Capital Management LP purchased a new stake in Mitek Systems in the third quarter valued at $4,068,000. Finally, Phoenix Financial Ltd. purchased a new stake in Mitek Systems in the fourth quarter valued at $4,733,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Michael E. Diamond sold 4,544 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $9.09, for a total transaction of $41,304.96. Following the transaction, the insider now directly owns 166,632 shares of the company’s stock, valued at approximately $1,514,684.88. This represents a 2.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Christopher H. Briggs sold 3,320 shares of the company’s stock in a transaction 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 transaction, the senior vice president now directly owns 65,353 shares in the company, valued at approximately $593,405.24. The trade was 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 valued at $152,140 over the last 90 days. Corporate insiders own 2.10% of the company’s stock.

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.