William Blair Increases Earnings Estimates for Mitek Systems

Mitek Systems, Inc. (NASDAQ:MITK) – Analysts at William Blair upped their Q2 2025 earnings estimates for shares of Mitek Systems in a research report issued to clients and investors on Tuesday, February 11th. William Blair analyst J. Roberge now expects that the software maker will post earnings per share of $0.19 for the quarter, up from their prior 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.

Several other equities research analysts have also recently issued reports on the stock. HC Wainwright reiterated a “buy” rating and set a $13.00 price objective on shares of Mitek Systems in a research report on Tuesday, February 11th. Maxim Group lifted their price objective on shares of Mitek Systems from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, StockNews.com cut shares of Mitek Systems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.88.

Mitek Systems Trading Down 1.2 %

Mitek Systems stock opened at $10.01 on Friday. The stock has a market cap of $452.75 million, a P/E 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 1 year low of $7.35 and a 1 year high of $16.24. The firm’s 50 day moving average price is $10.39 and its 200-day moving average price is $9.56.

Mitek Systems (NASDAQ:MITK) last released its earnings results on Monday, February 10th. The software maker reported $0.06 EPS 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 Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MITK. Quarry LP purchased a new position in Mitek Systems during the fourth quarter worth $31,000. Canada Pension Plan Investment Board purchased a new position in Mitek Systems during the fourth quarter worth $39,000. nVerses Capital LLC boosted its stake in Mitek Systems by 25.5% during the third 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 period. Avior Wealth Management LLC purchased a new position in Mitek Systems during the third quarter worth $60,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Mitek Systems during the fourth quarter worth $105,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Mitek Systems

In related news, insider Michael E. Diamond sold 4,544 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $9.09, for a total value of $41,304.96. Following the completion of the transaction, the insider now directly owns 166,632 shares of the company’s stock, valued at approximately $1,514,684.88. This trade represents a 2.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jason Gray sold 6,222 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $9.07, for a total transaction of $56,433.54. Following the completion of the transaction, the insider now directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,699 shares of company stock valued at $152,140. 2.10% of the stock is 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.