Alkami Technology (ALKT) Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alkami Technology in the last twelve months. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ALKT shares.
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8 brokerages have issued 12 month price objectives for Alkami Technology's shares. Their ALKT share price forecasts range from $15.00 to $25.00. On average, they anticipate the company's share price to reach $20.13 in the next twelve months. This suggests a possible upside of 14.1% from the stock's current price.
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Alkami Technology's stock was trading at $14.59 at the beginning of 2023. Since then, ALKT shares have increased by 20.9% and is now trading at $17.64.
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Alkami Technology saw a decline in short interest in August. As of August 31st, there was short interest totaling 840,000 shares, a decline of 11.1% from the August 15th total of 944,400 shares. Based on an average daily volume of 267,500 shares, the short-interest ratio is currently 3.1 days. Currently, 1.8% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
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Alkami Technology, Inc. (NASDAQ:ALKT) released its quarterly earnings data on Wednesday, August, 2nd. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.01. The company had revenue of $65.76 million for the quarter, compared to analysts' expectations of $62.94 million. Alkami Technology had a negative trailing twelve-month return on equity of 19.61% and a negative net margin of 25.43%.

Alkami Technology updated its third quarter 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $66.50 million-$67.50 million, compared to the consensus revenue estimate of $66.55 million.

(ALKT) raised $141 million in an initial public offering on Wednesday, April 14th 2021. The company issued 6,000,000 shares at $22.00-$25.00 per share. Goldman Sachs, J.P.Morgan, Barclays, Citigroup and William Blair served as the underwriters for the IPO and JMP Securities, KeyBanc Capital Markets and Needham & Co. were co-managers.

Alkami Technology trades on the NASDAQ under the ticker symbol "ALKT."

Alkami Technology's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (2.85%), ArrowMark Colorado Holdings LLC (1.95%), Franklin Resources Inc. (1.94%), Royce & Associates LP (1.10%), State Street Corp (0.89%) and Geode Capital Management LLC (0.85%). Insiders that own company stock include Alex Shootman, Douglas A Linebarger, Gary Lynn Nelson, H Eugene Lockhart, Kristy Ramundi, Michael D Hansen, Michael D Hansen, Stephen Bohanon and W Bryan Hill.
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Shares of ALKT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ALKT stock can currently be purchased for approximately $17.64.

Alkami Technology (NASDAQ:ALKT) has a market capitalization of $1.66 billion and generates $204.27 million in revenue each year. The company earns $-58,600,000.00 in net income (profit) each year or ($0.64) on an earnings per share basis.

The company employs 851 workers across the globe.

The official website for the company is www.alkami.com. The company can be reached via phone at 877-725-5264 or via email at ir@alkami.com.