HC Wainwright Boosts Earnings Estimates for Mitek Systems

Mitek Systems, Inc. (NASDAQ:MITKFree Report) – Equities research analysts at HC Wainwright boosted their FY2025 earnings estimates for shares of Mitek Systems in a research report issued on Tuesday, December 17th. HC Wainwright analyst S. Buck now anticipates that the software maker will post earnings of $0.72 per share for the year, up from their previous 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.

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

Get Our Latest Stock Report on Mitek Systems

Mitek Systems Trading Up 3.2 %

NASDAQ:MITK opened at $11.10 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 4.46 and a current ratio of 4.46. The company has a market capitalization of $478.31 million, a P/E ratio of -74.00 and a beta of 1.12. The stock’s 50 day moving average price is $9.18 and its 200 day moving average price is $9.92. Mitek Systems has a 52 week low of $7.35 and a 52 week high of $16.24.

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

Insiders Place Their Bets

In other news, SVP Christopher H. Briggs sold 3,320 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $9.08, for a total transaction of $30,145.60. Following the transaction, the senior vice president now owns 65,353 shares in the company, valued at approximately $593,405.24. The trade was a 4.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael E. Diamond sold 4,544 shares of the stock in a transaction dated 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 owns 166,632 shares of the company’s stock, valued at approximately $1,514,684.88. The trade was a 2.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,699 shares of company stock valued at $152,140 in the last quarter. Insiders own 2.10% of the company’s stock.

Institutional Trading of Mitek Systems

Several institutional investors have recently modified their holdings of the company. Thompson Siegel & Walmsley LLC boosted its stake in Mitek Systems by 259.9% during the second quarter. Thompson Siegel & Walmsley LLC now owns 766,322 shares of the software maker’s stock worth $8,567,000 after buying an additional 553,379 shares in the last quarter. Invenomic Capital Management LP bought a new stake in shares of Mitek Systems during the third quarter worth $4,068,000. Foundry Partners LLC acquired a new position in Mitek Systems during the 2nd quarter worth about $3,275,000. EVR Research LP bought a new position in shares of Mitek Systems in the second quarter worth about $2,957,000. Finally, Marshall Wace LLP lifted its holdings in Mitek Systems by 251.1% during the 2nd quarter. Marshall Wace LLP now owns 309,163 shares of the software maker’s stock worth $3,456,000 after buying an additional 221,116 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Mitek Systems Company Profile

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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.

Further Reading

Earnings History and Estimates for Mitek Systems (NASDAQ:MITK)

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