Q2 EPS Estimates for Mitek Systems Reduced by HC Wainwright

Mitek Systems, Inc. (NASDAQ:MITK) – Investment analysts at HC Wainwright cut their Q2 2025 earnings per share estimates for Mitek Systems in a research note issued on Tuesday, February 11th. HC Wainwright analyst S. Buck now anticipates that the software maker will earn $0.14 per share for the quarter, down from their previous estimate of $0.20. HC Wainwright has a “Buy” rating and a $13.00 price target on the stock. The consensus estimate for Mitek Systems’ current full-year earnings is $0.65 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.

Mitek Systems (NASDAQ:MITK) last released its 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 return on equity of 16.64% and a net margin of 1.90%.

A number of other equities analysts also recently commented on MITK. Maxim Group raised their price objective on Mitek Systems from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. StockNews.com downgraded Mitek Systems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Mitek Systems has a consensus rating of “Moderate Buy” and an average target price of $12.88.

Mitek Systems Stock Performance

Mitek Systems stock opened at $10.01 on Friday. The stock’s 50-day moving average is $10.39 and its 200-day moving average is $9.56. The company has a market cap of $452.75 million, a price-to-earnings ratio of 166.83 and a beta of 1.08. The company has a debt-to-equity ratio of 0.67, a current ratio of 4.39 and a quick ratio of 4.39. Mitek Systems has a 12 month low of $7.35 and a 12 month high of $16.24.

Institutional Investors Weigh In On Mitek Systems

A number of hedge funds have recently bought and sold shares of MITK. Quarry LP acquired a new stake in Mitek Systems during the 4th quarter valued at approximately $31,000. Canada Pension Plan Investment Board bought a new position in Mitek Systems during the 4th quarter worth approximately $39,000. nVerses Capital LLC lifted its holdings in 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 buying an additional 1,300 shares during the last quarter. Avior Wealth Management LLC bought a new position in Mitek Systems during the 3rd quarter worth approximately $60,000. Finally, KLP Kapitalforvaltning AS bought a new position in Mitek Systems during the 4th quarter worth approximately $105,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

Insider Activity

In other Mitek Systems news, insider Michael E. Diamond sold 4,544 shares of the firm’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 transaction of $41,304.96. Following the completion of the sale, the insider now owns 166,632 shares in the company, valued at $1,514,684.88. This trade represents a 2.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jason Gray sold 6,222 shares of the firm’s stock in a transaction that occurred 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 approximately $1,490,581.94. This trade represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,699 shares of company stock worth $152,140. 2.10% of the stock is currently owned by corporate insiders.

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.