HC Wainwright Has Negative View of Mitek Systems Q2 Earnings

Mitek Systems, Inc. (NASDAQ:MITK) – Investment analysts at HC Wainwright cut their Q2 2025 earnings estimates for shares of Mitek Systems in a report issued on Tuesday, February 11th. HC Wainwright analyst S. Buck now expects that the software maker will post earnings per share of $0.14 for the quarter, down from their prior forecast of $0.20. HC Wainwright has a “Buy” rating and a $13.00 price objective 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.

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

Mitek Systems Stock Down 2.6 %

Shares of MITK opened at $10.13 on Friday. The stock has a fifty day simple moving average of $10.37 and a two-hundred day simple moving average of $9.61. The company has a quick ratio of 4.39, a current ratio of 4.39 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $458.18 million, a PE ratio of 168.83 and a beta of 1.08. Mitek Systems has a 52-week low of $7.35 and a 52-week high of $16.24.

Mitek Systems (NASDAQ:MITK) last announced its quarterly earnings data 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 Trading of Mitek Systems

Institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC boosted its stake 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 purchasing an additional 60,256 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Mitek Systems by 357.0% in the third quarter. BNP Paribas Financial Markets now owns 82,578 shares of the software maker’s stock worth $716,000 after acquiring an additional 64,509 shares in the last quarter. State Street Corp grew its stake in shares of Mitek Systems by 3.8% in the third quarter. State Street Corp now owns 1,306,351 shares of the software maker’s stock worth $11,326,000 after acquiring an additional 47,418 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Mitek Systems by 15.5% in the third quarter. JPMorgan Chase & Co. now owns 262,956 shares of the software maker’s stock valued at $2,280,000 after purchasing an additional 35,301 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Mitek Systems by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 130,781 shares of the software maker’s stock valued at $1,134,000 after purchasing an additional 2,460 shares during the period. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Christopher H. Briggs sold 3,320 shares of Mitek Systems 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 completion of the sale, the senior vice president now owns 65,353 shares in the company, valued at approximately $593,405.24. This trade represents a 4.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael E. Diamond sold 4,544 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $9.09, for a total value of $41,304.96. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,699 shares of company stock valued at $152,140. 2.10% of the stock is currently owned by insiders.

Mitek Systems Company Profile

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.