Mitek Systems (NASDAQ:MITK) Issues Earnings Results

Mitek Systems (NASDAQ:MITK) released its quarterly earnings data on Monday. The software maker reported $0.06 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.07), Zacks reports. Mitek Systems had a net margin of 1.90% and a return on equity of 16.64%. Mitek Systems updated its FY 2025 guidance to EPS.

Mitek Systems Price Performance

Mitek Systems stock opened at $11.02 on Tuesday. The stock has a market cap of $498.43 million, a P/E ratio of 183.67 and a beta of 1.08. 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’s 50 day moving average price is $10.30 and its two-hundred day moving average price is $9.62. Mitek Systems has a 52 week low of $7.35 and a 52 week high of $16.24.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MITK. HC Wainwright lifted their price objective on shares of Mitek Systems from $11.00 to $13.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. StockNews.com raised Mitek Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 25th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Mitek Systems has an average rating of “Buy” and a consensus target price of $12.63.

Insider Activity at Mitek Systems

In other Mitek Systems news, insider Jason Gray sold 6,222 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $9.07, for a total transaction of $56,433.54. Following the completion of the transaction, the insider now directly owns 164,342 shares of the company’s stock, valued at approximately $1,490,581.94. This represents a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 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. The trade was a 4.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,699 shares of company stock valued at $152,140. 2.10% of the stock is 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.