FY2024 EPS Estimates for Mitek Systems, Inc. (NASDAQ:MITK) Lowered by William Blair

Mitek Systems, Inc. (NASDAQ:MITKFree Report) – Investment analysts at William Blair lowered their FY2024 EPS estimates for shares of Mitek Systems in a research note issued on Monday, April 1st. William Blair analyst J. Roberge now expects that the software maker will earn $0.83 per share for the year, down from their previous forecast of $0.86. The consensus estimate for Mitek Systems’ current full-year earnings is $0.84 per share.

A number of other equities research analysts have also issued reports on MITK. StockNews.com lowered shares of Mitek Systems from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Craig Hallum assumed coverage on shares of Mitek Systems in a report on Thursday, December 14th. They issued a “buy” rating and a $17.00 price objective on the stock. Finally, HC Wainwright restated a “buy” rating and issued a $19.00 price objective on shares of Mitek Systems in a report on Wednesday, March 20th.

View Our Latest Research Report on MITK

Mitek Systems Price Performance

Mitek Systems stock opened at $14.39 on Tuesday. The firm has a market cap of $673.31 million, a PE ratio of 89.94 and a beta of 1.09. Mitek Systems has a 52-week low of $8.77 and a 52-week high of $14.56. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 0.66. The company’s 50 day moving average is $12.35 and its two-hundred day moving average is $11.69.

Mitek Systems (NASDAQ:MITKGet Free Report) last released its earnings results on Tuesday, March 19th. The software maker reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $37.66 million for the quarter. Mitek Systems had a net margin of 4.25% and a return on equity of 17.83%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Mitek Systems by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 3,379,226 shares of the software maker’s stock valued at $44,065,000 after buying an additional 92,146 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Mitek Systems by 3.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,268 shares of the software maker’s stock worth $383,000 after purchasing an additional 963 shares during the last quarter. Legal & General Group Plc grew its position in Mitek Systems by 6.8% during the 4th quarter. Legal & General Group Plc now owns 3,045,287 shares of the software maker’s stock worth $39,711,000 after purchasing an additional 193,443 shares during the last quarter. Barclays PLC grew its position in Mitek Systems by 317.3% during the 4th quarter. Barclays PLC now owns 69,938 shares of the software maker’s stock worth $912,000 after purchasing an additional 53,180 shares during the last quarter. Finally, Newtyn Management LLC purchased a new position in Mitek Systems during the 4th quarter worth $12,942,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

Mitek Systems Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Mitek Systems (NASDAQ:MITK)

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