Alkami Technology (NASDAQ:ALKT – Get Rating) will be issuing its quarterly earnings data after the market closes on Thursday, May 5th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter. Alkami Technology has set its Q1 2022 guidance at EPS and its FY 2022 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.
Alkami Technology (NASDAQ:ALKT – Get Rating) last posted its quarterly earnings results on Wednesday, February 23rd. The company reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.02). The company had revenue of $42.44 million during the quarter, compared to the consensus estimate of $41.00 million. Alkami Technology had a negative return on equity of 19.88% and a negative net margin of 30.77%. The business’s revenue was up 27.3% compared to the same quarter last year. On average, analysts expect Alkami Technology to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
NASDAQ ALKT opened at $12.51 on Thursday. The company’s 50-day moving average price is $13.81 and its 200-day moving average price is $18.90. The company has a current ratio of 10.40, a quick ratio of 10.40 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.13 billion and a PE ratio of -5.15. Alkami Technology has a 12 month low of $11.60 and a 12 month high of $48.28.
Several research analysts have issued reports on the stock. Needham & Company LLC dropped their target price on shares of Alkami Technology from $40.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, February 24th. Barclays decreased their price target on shares of Alkami Technology from $33.00 to $19.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 19th. KeyCorp decreased their price objective on shares of Alkami Technology from $35.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, January 25th. Finally, Zacks Investment Research raised shares of Alkami Technology from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Alkami Technology currently has a consensus rating of “Buy” and an average target price of $36.63.
Alkami Technology Company Profile (Get Rating)
Alkami Technology, Inc offers a cloud-based digital banking platform in the United States. The company's platform allows financial institutions to onboard and engage new users, accelerate revenues, and enhance operational efficiency, with the support of a proprietary, cloud-based, multi-tenant architecture.
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