Citizens Jmp Reiterates “Market Outperform” Rating for Alkami Technology (NASDAQ:ALKT)

Alkami Technology (NASDAQ:ALKT)‘s stock had its “market outperform” rating restated by investment analysts at Citizens Jmp in a report issued on Thursday, Benzinga reports. They presently have a $24.00 price target on the stock. Citizens Jmp’s target price would indicate a potential upside of 70.27% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Citigroup reaffirmed a “market outperform” rating on shares of Alkami Technology in a research note on Thursday. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $14.00 price target (down from $24.00) on shares of Alkami Technology in a research note on Thursday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Alkami Technology in a research note on Wednesday, September 2nd. Finally, Needham & Company LLC raised their price target on shares of Alkami Technology from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, August 24th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $22.00.

Alkami Technology Price Performance

NASDAQ ALKT traded down $0.51 during trading hours on Thursday, reaching $14.10. The company’s stock had a trading volume of 896,247 shares, compared to its average volume of 1,794,606. The stock has a market cap of $1.51 billion, a PE ratio of -33.57 and a beta of 0.61. Alkami Technology has a fifty-two week low of $13.92 and a fifty-two week high of $25.96. The company’s 50-day moving average is $19.09 and its two-hundred day moving average is $17.58. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.13 and a current ratio of 2.13.

Alkami Technology (NASDAQ:ALKT) last issued 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). The business had revenue of $129.84 million during the quarter, compared to analyst estimates of $128.70 million. Alkami Technology had a negative net margin of 9.21% and a negative return on equity of 7.68%. Alkami Technology’s revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.13) earnings per share. Analysts forecast that Alkami Technology will post 0.15 EPS for the current year.

Institutional Investors Weigh In On Alkami Technology

Hedge funds have recently modified their holdings of the stock. IFP Advisors Inc boosted its position in shares of Alkami Technology by 46,900.0% in the second quarter. IFP Advisors Inc now owns 1,410 shares of the company’s stock worth $26,000 after acquiring an additional 1,407 shares during the last quarter. Summit Securities Group LLC raised its holdings in Alkami Technology by 84.2% in the first quarter. Summit Securities Group LLC now owns 1,842 shares of the company’s stock valued at $29,000 after buying an additional 842 shares during the period. Optiver Holding B.V. purchased a new position in Alkami Technology in the first quarter valued at approximately $36,000. Essential Partners LLC raised its holdings in Alkami Technology by 7,090.9% in the first quarter. Essential Partners LLC now owns 2,373 shares of the company’s stock valued at $37,000 after buying an additional 2,340 shares during the period. Finally, Palladiem LLC purchased a new position in Alkami Technology in the fourth quarter valued at approximately $108,000. 54.97% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Alkami Technology

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.