Mitek Systems FY2025 EPS Forecast Lifted by HC Wainwright

Mitek Systems, Inc. (NASDAQ:MITK) – Stock analysts at HC Wainwright boosted their FY2025 earnings per share estimates for shares of Mitek Systems in a research note issued to investors on Tuesday, December 17th. HC Wainwright analyst S. Buck now expects that the software maker will post earnings per share of $0.72 for the year, up from their prior forecast of $0.50. 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 $0.56 per share. HC Wainwright also issued estimates for Mitek Systems’ Q4 2025 earnings at $0.26 EPS.

Mitek Systems (NASDAQ:MITK) last issued its earnings results on Monday, December 16th. The software maker reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.16. Mitek Systems had a negative net margin of 4.05% and a positive return on equity of 12.32%. The business had revenue of $43.22 million for the quarter, compared to the consensus estimate of $41.30 million. During the same quarter last year, the firm posted $0.15 EPS. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year.

Other analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Mitek Systems from a “buy” rating to a “hold” rating in a research report on Tuesday. Jefferies Financial Group downgraded shares of Mitek Systems from a “buy” rating to a “hold” rating and dropped their price target for the stock from $17.00 to $9.50 in a research note on Wednesday, September 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Mitek Systems has an average rating of “Moderate Buy” and an average target price of $12.63.

Mitek Systems Trading Up 3.2 %

Shares of MITK opened at $11.10 on Friday. Mitek Systems has a 12 month low of $7.35 and a 12 month high of $16.24. The stock’s 50-day moving average is $9.18 and its two-hundred day moving average is $9.92. 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 stock has a market cap of $478.31 million, a PE ratio of -74.00 and a beta of 1.12.

Insider Activity

In other Mitek Systems news, SVP Christopher H. Briggs sold 3,320 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $9.08, for a total transaction of $30,145.60. Following the completion of the sale, the senior vice president now owns 65,353 shares in the company, valued at $593,405.24. The trade was a 4.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael E. Diamond sold 4,544 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 166,632 shares in the company, valued at approximately $1,514,684.88. The trade was a 2.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,699 shares of company stock worth $152,140. 2.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mitek Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC increased its holdings in shares of Mitek Systems by 335.6% in the third quarter. Barclays PLC now owns 78,209 shares of the software maker’s stock valued at $679,000 after buying an additional 60,256 shares in the last quarter. State Street Corp lifted its holdings in shares of Mitek Systems by 3.8% during the third quarter. State Street Corp now owns 1,306,351 shares of the software maker’s stock valued at $11,326,000 after purchasing an additional 47,418 shares during the last quarter. Invenomic Capital Management LP acquired a new position in shares of Mitek Systems in the 3rd quarter valued at $4,068,000. Janus Henderson Group PLC increased its stake in Mitek Systems by 4.0% in the 3rd quarter. Janus Henderson Group PLC now owns 73,752 shares of the software maker’s stock worth $640,000 after purchasing an additional 2,806 shares in the last quarter. Finally, Capstone Investment Advisors LLC acquired a new stake in Mitek Systems during the 3rd quarter worth about $680,000. 83.64% of the stock is owned by institutional investors.

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.