Mitek Systems (MITK) to Release Quarterly Earnings on Thursday

Mitek Systems (NASDAQ:MITK - Get Free Report) is projected to issue its Q2 2025 quarterly earnings data after the market closes on Thursday, May 8th. Analysts expect Mitek Systems to post earnings of $0.26 per share and revenue of $47.21 million for the quarter. Mitek Systems has set its FY 2025 guidance at EPS.

Mitek Systems (NASDAQ:MITK - Get Free Report) last issued its earnings results on Monday, February 10th. The software maker reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.07). Mitek Systems had a return on equity of 16.53% and a net margin of 2.59%. On average, analysts expect Mitek Systems to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Mitek Systems Price Performance

MITK stock traded up $0.02 during trading on Tuesday, hitting $8.44. The company had a trading volume of 44,003 shares, compared to its average volume of 565,127. The company has a fifty day moving average price of $8.40 and a two-hundred day moving average price of $9.33. Mitek Systems has a fifty-two week low of $6.93 and a fifty-two week high of $14.32. The company has a market cap of $381.63 million, a P/E ratio of 93.84 and a beta of 1.11. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 0.73.

Insider Buying and Selling

In related news, CEO Edward H. West acquired 55,000 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was acquired at an average price of $9.21 per share, for a total transaction of $506,550.00. Following the completion of the acquisition, the chief executive officer now owns 55,000 shares of the company's stock, valued at $506,550. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MITK. HC Wainwright restated a "buy" rating and issued a $13.00 target price on shares of Mitek Systems in a research note on Tuesday, February 11th. 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 report on Tuesday, February 11th. Finally, StockNews.com downgraded Mitek Systems from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Mitek Systems has a consensus rating of "Moderate Buy" and a consensus price target of $12.88.

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.