Alkami Technology (ALKT) Set to Announce Earnings on Thursday

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.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in Alkami Technology by 100.8% in the 4th quarter. BlackRock Inc. now owns 1,888,443 shares of the company’s stock valued at $37,882,000 after acquiring an additional 947,999 shares during the period. Goldman Sachs Group Inc. grew its stake in Alkami Technology by 240.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 120,751 shares of the company’s stock valued at $2,422,000 after acquiring an additional 85,307 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in Alkami Technology in the 4th quarter valued at $268,000. Deutsche Bank AG grew its stake in Alkami Technology by 95.2% in the 4th quarter. Deutsche Bank AG now owns 18,152 shares of the company’s stock valued at $364,000 after acquiring an additional 8,855 shares during the period. Finally, California State Teachers Retirement System grew its stake in Alkami Technology by 708.4% in the 4th quarter. California State Teachers Retirement System now owns 30,210 shares of the company’s stock valued at $606,000 after acquiring an additional 26,473 shares during the period. 45.18% of the stock is currently owned by hedge funds and other institutional investors.

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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