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

Key Points

• Citizens JMP reaffirmed a “Market Outperform” rating on Alkami Technology and maintained a $24 price target, implying approximately 71% upside from the prior close.
• Analyst sentiment remains mixed: JPMorgan downgraded the stock to “Underweight” with a $14 target, while Needham raised its target to $25. The overall consensus rating is “Hold,” with an average price target of $22.
• Alkami shares fell 3.9% to $14.03, near their one-year low, after the company reported an adjusted quarterly loss that missed estimates despite 15.8% year-over-year revenue growth.

Alkami Technology (NASDAQ:ALKT - Get Free Report)'s stock had its "market outperform" rating reaffirmed by stock analysts at Citizens Jmp in a report released on Thursday, Benzinga reports. They currently have a $24.00 target price on the stock. Citizens Jmp's target price suggests a potential upside of 71.06% from the company's previous close.

Other equities analysts also recently issued reports about the company. Weiss Ratings reiterated a "sell (e+)" rating on shares of Alkami Technology in a research report on Wednesday, September 2nd. JPMorgan Chase & Co. downgraded Alkami Technology from an "overweight" rating to an "underweight" rating and reduced their price objective for the stock from $24.00 to $14.00 in a research report on Thursday. Needham & Company LLC increased their target price on shares of Alkami Technology from $22.00 to $25.00 and gave the company a "buy" rating in a research report on Monday, August 24th. Finally, Citigroup reiterated a "market outperform" rating on shares of Alkami Technology in a research report on Thursday. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned 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 $22.00.

Alkami Technology Stock Down 3.9%

ALKT traded down $0.57 during trading on Thursday, hitting $14.03. The company had a trading volume of 654,027 shares, compared to its average volume of 1,792,605. The company has a market cap of $1.50 billion, a PE ratio of -33.38 and a beta of 0.61. The business has a 50-day moving average of $19.09 and a 200-day moving average of $17.58. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.13 and a quick ratio of 2.13. Alkami Technology has a 1-year low of $13.92 and a 1-year high of $25.96.

Alkami Technology (NASDAQ:ALKT - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.23). The business had revenue of $129.84 million for the quarter, compared to the consensus estimate of $128.70 million. Alkami Technology had a negative net margin of 9.21% and a negative return on equity of 7.68%. The firm's revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.13) EPS. As a group, analysts forecast that Alkami Technology will post 0.15 earnings per share for the current year.

Hedge Funds Weigh In On Alkami Technology

Several large investors have recently made changes to their positions in the business. Legal & General Group Plc acquired a new position in shares of Alkami Technology in the second quarter worth about $967,000. Bank of America Corp DE boosted its holdings in shares of Alkami Technology by 5.7% in the first quarter. Bank of America Corp DE now owns 1,132,794 shares of the company's stock worth $17,751,000 after buying an additional 61,501 shares during the period. Irenic Capital Management LP acquired a new position in shares of Alkami Technology in the fourth quarter worth about $48,596,000. Janus Henderson Group PLC boosted its holdings in shares of Alkami Technology by 20.2% in the first quarter. Janus Henderson Group PLC now owns 3,855,334 shares of the company's stock worth $60,413,000 after buying an additional 646,898 shares during the period. Finally, Praesidium Investment Management Company LLC boosted its holdings in shares of Alkami Technology by 13.4% in the fourth quarter. Praesidium Investment Management Company LLC now owns 2,287,096 shares of the company's stock worth $52,763,000 after buying an additional 269,524 shares during the period. Institutional investors own 54.97% of the company's stock.

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

About Alkami Technology

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.