William Blair Expects Reduced Earnings for Mitek Systems

Mitek Systems, Inc. (NASDAQ:MITK) – Stock analysts at William Blair cut their Q2 2025 earnings per share (EPS) estimates for Mitek Systems in a report released 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 forecast 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.

MITK has been the subject of several other reports. StockNews.com downgraded Mitek Systems from a “buy” rating to a “hold” rating in a report on Tuesday. HC Wainwright lifted their price objective on Mitek Systems from $11.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Jefferies Financial Group downgraded Mitek Systems from a “buy” rating to a “hold” rating and reduced their target price for the stock from $17.00 to $9.50 in a research report on Wednesday, September 4th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $12.63.

Mitek Systems Stock Performance

NASDAQ:MITK opened at $11.10 on Friday. Mitek Systems has a 1-year low of $7.35 and a 1-year high of $16.24. The firm has a 50 day simple moving average of $9.18 and a 200-day simple moving average of $9.92. The firm has a market cap of $478.31 million, a PE ratio of -74.00 and a beta of 1.12. 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 (NASDAQ:MITK) last announced its earnings results on Monday, December 16th. The software maker reported $0.33 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $43.22 million during the quarter, compared to the consensus estimate of $41.30 million. During the same quarter in the previous year, the company posted $0.15 EPS. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis.

Insider Buying and Selling at Mitek Systems

In related news, insider Jason Gray sold 6,222 shares of the stock in a transaction that occurred 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 sale, the insider now owns 164,342 shares of the company’s stock, valued at approximately $1,490,581.94. This represents a 3.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael E. Diamond sold 4,544 shares of Mitek Systems stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $9.09, for a total transaction of $41,304.96. Following the transaction, the insider now directly owns 166,632 shares in the company, valued at approximately $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. Insiders have sold a total of 16,699 shares of company stock worth $152,140 in the last quarter. 2.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Mitek Systems

Several large investors have recently made changes to their positions in the business. Thompson Siegel & Walmsley LLC boosted its position in Mitek Systems by 259.9% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 766,322 shares of the software maker’s stock worth $8,567,000 after purchasing an additional 553,379 shares during the period. Invenomic Capital Management LP acquired a new position in shares of Mitek Systems during the third quarter worth about $4,068,000. Foundry Partners LLC purchased a new stake in shares of Mitek Systems in the second quarter worth about $3,275,000. EVR Research LP purchased a new stake in shares of Mitek Systems in the second quarter worth about $2,957,000. Finally, Marshall Wace LLP grew its stake in shares of Mitek Systems by 251.1% in the second quarter. Marshall Wace LLP now owns 309,163 shares of the software maker’s stock valued at $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

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.