Alkami Technology, Inc. (ALKT) – What Are Analysts Thinking About This Stock?

Shares of Alkami Technology, Inc. (NASDAQ:ALKT) have earned an average rating of “Reduce” from the nine research firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $17.60.

Several research firms have recently weighed in on ALKT. Citigroup downgraded shares of Alkami Technology from a “market outperform” rating to a “market perform” rating in a research report on Thursday, October 29th. William Blair downgraded shares of Alkami Technology from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 29th. Barclays reduced their price target on shares of Alkami Technology from $21.00 to $15.00 and set an “equal weight” rating for the company in a research report on Monday, October 12th. Needham & Company LLC decreased their price objective on shares of Alkami Technology from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, October 29th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Alkami Technology from $14.00 to $13.00 and set an “underweight” rating on the stock in a research report on Thursday, October 29th.

Institutional Trading of Alkami Technology

Several hedge funds and other institutional investors have recently modified their holdings of the business. IFP Advisors Inc grew its holdings in shares of Alkami Technology by 46,900.0% during the second quarter. IFP Advisors Inc now owns 1,410 shares of the company’s stock valued at $26,000 after buying an additional 1,407 shares in the last quarter. Summit Securities Group LLC lifted its stake in Alkami Technology by 84.2% in the 1st quarter. Summit Securities Group LLC now owns 1,842 shares of the company’s stock worth $29,000 after acquiring an additional 842 shares in the last quarter. Parallel Advisors LLC lifted its stake in Alkami Technology by 2,301.3% in the 3rd quarter. Parallel Advisors LLC now owns 1,897 shares of the company’s stock worth $26,000 after acquiring an additional 1,818 shares in the last quarter. Sterling Capital Management LLC lifted its stake in Alkami Technology by 779.9% in the 3rd quarter. Sterling Capital Management LLC now owns 2,103 shares of the company’s stock worth $29,000 after acquiring an additional 1,864 shares in the last quarter. Finally, Optiver Holding B.V. acquired a new stake in Alkami Technology during the 1st quarter worth about $36,000. Institutional investors and hedge funds own 54.97% of the company’s stock.

Alkami Technology Trading Up 0.4%

ALKT traded up $0.06 during trading on Friday, reaching $13.41. The company had a trading volume of 1,515,354 shares, compared to its average volume of 2,436,389. The firm’s 50-day simple moving average is $15.92 and its 200 day simple moving average is $17.09. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -39.44 and a beta of 0.52. Alkami Technology has a 12-month low of $12.10 and a 12-month high of $24.47. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.04 and a current ratio of 2.04.

Alkami Technology (NASDAQ:ALKT) last posted its quarterly earnings data on Wednesday, October 28th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.26). Alkami Technology had a negative return on equity of 4.75% and a negative net margin of 7.24%. The company had revenue of $134.91 million for the quarter, compared to analyst estimates of $133.54 million. During the same quarter in the previous year, the firm posted ($0.14) EPS. Alkami Technology’s quarterly revenue was up 19.4% on a year-over-year basis. Equities research analysts anticipate that Alkami Technology will post 0.17 earnings per share for the current year.

Alkami Technology Company Profile

Alkami Technology, Inc provides cloud-based digital banking solutions for financial institutions, primarily community banks and credit unions in the United States. Its platform is designed to help institutions deliver digital experiences across online and mobile channels while managing customer relationships and banking operations.

The company’s products and services include digital account opening, online and mobile banking, payments, money movement, card management, financial wellness tools, data and analytics, marketing capabilities, and fraud prevention.