Alkami Technology (NASDAQ:ALKT) Downgraded to Underweight Rating by JPMorgan Chase & Co.

Alkami Technology (NASDAQ:ALKT) was downgraded by stock analysts at JPMorgan Chase & Co. from an “overweight” rating to an “underweight” rating in a report issued on Thursday, Briefing.com reports. They presently have a $14.00 price objective on the stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 4.11% from the company’s previous close.

A number of other research firms have also commented on ALKT. Weiss Ratings restated a “sell (e+)” rating on shares of Alkami Technology in a research note on Wednesday, September 2nd. Citigroup reissued a “market outperform” rating on shares of Alkami Technology in a research note on Thursday. Finally, Needham & Company LLC raised their target price on Alkami Technology from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, August 24th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $21.80.

Alkami Technology Price Performance

Shares of Alkami Technology stock opened at $14.60 on Thursday. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of -34.76 and a beta of 0.61. Alkami Technology has a 1-year low of $13.98 and a 1-year high of $26.42. The firm’s 50-day moving average price is $19.09 and its two-hundred day moving average price is $17.58. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.98.

Alkami Technology (NASDAQ:ALKT) last posted its quarterly earnings data on Wednesday, July 29th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.23). Alkami Technology had a negative return on equity of 7.68% and a negative net margin of 9.21%.The business had revenue of $129.84 million during the quarter, compared to analyst estimates of $128.70 million. During the same period in the prior year, the firm posted ($0.13) EPS. Alkami Technology’s revenue for the quarter was up 15.8% compared to the same quarter last year. On average, equities analysts predict that Alkami Technology will post 0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Alkami Technology

Several large investors have recently added to or reduced their stakes in ALKT. 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 worth $26,000 after purchasing an additional 1,407 shares in the last quarter. Summit Securities Group LLC lifted its stake in Alkami Technology by 84.2% in the first quarter. Summit Securities Group LLC now owns 1,842 shares of the company’s stock worth $29,000 after purchasing an additional 842 shares during the last quarter. Optiver Holding B.V. purchased a new stake in Alkami Technology during the 1st quarter valued at about $36,000. Essential Partners LLC boosted its stake in shares of Alkami Technology by 7,090.9% during the first quarter. Essential Partners LLC now owns 2,373 shares of the company’s stock valued at $37,000 after purchasing an additional 2,340 shares during the period. Finally, Palladiem LLC bought a new stake in Alkami Technology in the 4th quarter worth $108,000. Institutional investors own 54.97% of the company’s stock.

More Alkami Technology News

Here are the key news stories impacting Alkami Technology this week:

• Positive Sentiment: Alkami reaffirmed a relatively stable operating outlook, projecting fiscal 2026 revenue of $528 million to $531 million, broadly in line with the $529.9 million analyst consensus. The company said it will focus on executing its independent strategy and serving financial-institution customers. Alkami Announces Conclusion of Strategic Opportunities Review
• Neutral Sentiment: The board concluded a comprehensive review conducted with financial and legal advisers after evaluating strategic alternatives. Alkami determined that remaining independent was the best path, though management must now demonstrate that standalone growth can deliver more value than a potential acquisition. What Should Alkami Technology Investors Make Of Its Decision To Stay Independent?
• Negative Sentiment: Shares decreased sharply after Alkami announced that the review ended without a transaction. Investors appear disappointed that no buyer emerged, while the company’s independent outlook leaves shareholders exposed to execution risk and removes the near-term possibility of a buyout premium. Reports indicated the stock fell about 18% following the announcement and moved close to its one-year low. Alkami Shares Fall 18% After Strategic Review Ends Without Sale

Alkami Technology Company Profile

Alkami Technology, Inc provides cloud-based digital banking solutions for financial institutions in the United States. Its platform is designed primarily for community, regional and other banks and credit unions seeking to deliver online and mobile banking experiences to consumers and businesses.

The company’s products and services include digital account access, account opening, money movement and payments, card management, financial wellness tools, data and analytics, marketing and customer engagement capabilities, and solutions for commercial banking.