Q2 EPS Estimates for Mitek Systems Lowered by William Blair

Mitek Systems, Inc. (NASDAQ:MITK) – Stock analysts at William Blair dropped their Q2 2025 earnings per share estimates for Mitek Systems in a research note issued on Tuesday, December 17th. William Blair analyst J. Roberge now expects that the software maker will post earnings of $0.18 per share for the quarter, down from their prior estimate of $0.21. The consensus estimate for Mitek Systems’ current full-year earnings is $0.56 per share. William Blair also issued estimates for Mitek Systems’ Q3 2025 earnings at $0.19 EPS, Q4 2025 earnings at $0.19 EPS, FY2025 earnings at $0.60 EPS, Q1 2026 earnings at $0.08 EPS, Q2 2026 earnings at $0.20 EPS, Q3 2026 earnings at $0.21 EPS and Q4 2026 earnings at $0.22 EPS.

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

Other equities 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 dropped their target price for the stock from $17.00 to $9.50 in a research report on Wednesday, September 4th. HC Wainwright lifted their price target on Mitek Systems from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, StockNews.com cut Mitek Systems from a “buy” rating to a “hold” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.63.

Mitek Systems Trading Up 3.2 %

MITK opened at $11.10 on Friday. The stock has a market capitalization of $478.31 million, a PE ratio of -74.00 and a beta of 1.12. The firm’s fifty day moving average price is $9.18 and its 200 day moving average price 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. 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

Hedge funds have recently added to or reduced their stakes in the stock. Innealta Capital LLC bought a new position in shares of Mitek Systems during the second quarter worth about $32,000. nVerses Capital LLC boosted its stake in Mitek Systems by 25.5% during the 3rd quarter. nVerses Capital LLC now owns 6,400 shares of the software maker’s stock valued at $55,000 after purchasing an additional 1,300 shares during the period. Avior Wealth Management LLC bought a new position in Mitek Systems in the 3rd quarter worth about $60,000. Intech Investment Management LLC acquired a new stake in shares of Mitek Systems in the third quarter valued at approximately $117,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Mitek Systems during the second quarter valued at approximately $138,000. 83.64% of the stock is currently owned by institutional investors.

Insider Activity

In other Mitek Systems news, insider Jason Gray sold 6,222 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $9.07, for a total value of $56,433.54. Following the transaction, the insider now owns 164,342 shares of the company’s stock, valued at $1,490,581.94. This trade represents a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Christopher H. Briggs sold 3,320 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were 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 of the company’s stock, valued at $593,405.24. This trade represents a 4.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 16,699 shares of company stock valued at $152,140. Company 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.