Alkami Technology (ALKT) Stock Forecast, Price & News

8 Wall Street equities research 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 equities research analysts is that investors should "moderate buy" ALKT shares.
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8 Wall Street analysts have issued 1 year target prices for Alkami Technology's stock. Their ALKT share price forecasts range from $15.00 to $25.00. On average, they predict the company's stock price to reach $20.13 in the next year. This suggests a possible upside of 17.1% from the stock's current price.
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Alkami Technology's stock was trading at $14.59 at the beginning of the year. Since then, ALKT stock has increased by 17.8% and is now trading at $17.19.
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Alkami Technology saw a decrease in short interest during the month of September. As of September 15th, there was short interest totaling 777,700 shares, a decrease of 7.4% from the August 31st total of 840,000 shares. Based on an average daily volume of 259,000 shares, the short-interest ratio is currently 3.0 days. Approximately 1.6% of the shares of the stock 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 earnings results on Wednesday, August, 2nd. The company reported ($0.17) EPS for the quarter, beating analysts' consensus estimates of ($0.18) by $0.01. The business had revenue of $65.76 million for the quarter, compared to the consensus estimate of $62.94 million. Alkami Technology had a negative net margin of 25.43% and a negative trailing twelve-month return on equity of 19.61%.

Alkami Technology issued an update on 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 a price of $22.00-$25.00 per share. Goldman Sachs, J.P.Morgan, Barclays, Citigroup and William Blair acted 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."

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 $17.19.

Alkami Technology (NASDAQ:ALKT) has a market capitalization of $1.62 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.