Alkami Technology’s (ALKT) “Market Outperform” Rating Reiterated at Citizens Jmp

Alkami Technology (NASDAQ:ALKT)‘s stock had its “market outperform” rating reaffirmed by stock analysts at Citizens Jmp in a note issued to investors on Thursday, Benzinga reports. They presently have a $24.00 price objective on the stock. Citizens Jmp’s target price points to a potential upside of 72.01% from the company’s previous close.

ALKT has been the topic of several other reports. JPMorgan Chase & Co. restated an “underweight” rating and issued a $14.00 price objective (down from $24.00) on shares of Alkami Technology in a report on Thursday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Alkami Technology in a research note on Wednesday, September 2nd. Needham & Company LLC boosted their target price on shares of Alkami Technology from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, August 24th. Finally, Citigroup reiterated a “market outperform” rating on shares of Alkami Technology in a research note on Thursday. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $22.00.

Alkami Technology Stock Down 4.4%

Shares of Alkami Technology stock traded down $0.65 during trading on Thursday, hitting $13.95. 1,218,575 shares of the stock traded hands, compared to its average volume of 1,796,062. Alkami Technology has a twelve month low of $13.92 and a twelve month high of $25.96. The company has a fifty day moving average price of $19.09 and a two-hundred day moving average price of $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. The stock has a market cap of $1.49 billion, a P/E ratio of -33.10 and a beta of 0.61.

Alkami Technology (NASDAQ:ALKT) last issued its quarterly earnings results on Wednesday, July 29th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $128.70 million. During the same period in the prior year, the firm earned ($0.13) earnings per share. The business’s quarterly revenue was up 15.8% on a year-over-year basis. Equities research analysts predict that Alkami Technology will post 0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Alkami Technology

Several institutional investors and hedge funds have recently made changes to their positions in the business. IFP Advisors Inc boosted its holdings in 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 in the last quarter. Corient Private Wealth LP grew its position in shares of Alkami Technology by 24.9% in the second quarter. Corient Private Wealth LP now owns 153,882 shares of the company’s stock valued at $2,788,000 after purchasing an additional 30,698 shares in the last quarter. JANA Partners Management LP boosted its position in shares of Alkami Technology by 24.2% in the second quarter. JANA Partners Management LP now owns 6,747,707 shares of the company’s stock valued at $122,268,000 after acquiring an additional 1,316,319 shares during the period. Headlands Technologies LLC grew its position in Alkami Technology by 186.2% during the second quarter. Headlands Technologies LLC now owns 34,932 shares of the company’s stock worth $633,000 after buying an additional 22,728 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Alkami Technology during the second quarter worth about $2,716,000. Institutional investors own 54.97% of the company’s stock.

Key Alkami Technology News

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

• Positive Sentiment: New bank deployment: Provident Bank, a more than $25 billion institution, has launched Alkami’s MANTL Business and Retail Account Opening solutions across its 135-branch network. More than 800 Provident employees are using the platform, supporting Alkami’s customer growth and recurring-revenue outlook. Provident Bank Goes Live with MANTL Business and Retail Account Opening Across its 135-Branch Network
• Positive Sentiment: One bullish analyst view: Citizens JMP reaffirmed its “market outperform” rating and set a $24 price target, implying substantial upside from recent trading levels. Citizens JMP rating update
• Neutral Sentiment: 2026 revenue outlook is broadly in line: Alkami guided for fiscal-year revenue of $528 million to $531 million, close to the approximately $529.9 million consensus estimate. The update offers limited evidence of a material change to operating expectations.
• Negative Sentiment: Strategic review ends without a transaction: Alkami’s board concluded its review of strategic alternatives and decided to remain independent. The decision disappointed investors who had anticipated a potential sale, contributing to a sharp recent selloff and renewed focus on the company’s ability to create value organically. Alkami Announces Conclusion of Strategic Opportunities Review
• Negative Sentiment: JPMorgan downgrade: JPMorgan cut Alkami from “overweight” to “underweight” and reduced its price target to $14 from $24, signaling limited near-term upside and a more cautious view of the independent-company outlook. JPMorgan rating update

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.