Alkami Technology (NASDAQ:ALKT) Cut to Market Perform at Citizens Jmp

Citizens Jmp lowered shares of Alkami Technology (NASDAQ:ALKT) from an outperform rating to a market perform rating in a report issued on Thursday morning, MarketBeat Ratings reports.

Several other research firms have also commented on ALKT. William Blair lowered Alkami Technology from an “outperform” rating to a “market perform” rating in a report on Thursday. Barclays dropped their price objective on shares of Alkami Technology from $21.00 to $15.00 and set an “equal weight” rating for the company in a report on Monday, October 12th. Needham & Company LLC raised their price objective on shares of Alkami Technology from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, August 24th. Citigroup cut shares of Alkami Technology from a “market outperform” rating to a “market perform” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. downgraded shares of Alkami Technology from an “overweight” rating to an “underweight” rating and reduced their target price for the stock from $24.00 to $14.00 in a research note on Thursday, September 24th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $17.60.

Alkami Technology Stock Performance

Shares of Alkami Technology stock opened at $12.40 on Thursday. Alkami Technology has a one year low of $12.10 and a one year high of $24.47. The company has a market cap of $1.33 billion, a price-to-earnings ratio of -36.47 and a beta of 0.60. 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 business’s 50 day moving average price is $16.62 and its 200 day moving average price is $17.27.

Alkami Technology (NASDAQ:ALKT) last released its quarterly earnings data on Wednesday, October 28th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.26). The company had revenue of $134.91 million for the quarter, compared to analyst estimates of $133.54 million. Alkami Technology had a negative return on equity of 4.73% and a negative net margin of 7.24%. The business’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period last year, the firm posted ($0.14) EPS. On average, research analysts predict that Alkami Technology will post 0.15 EPS for the current year.

Institutional Investors Weigh In On Alkami Technology

A number of institutional investors have recently modified their holdings of ALKT. North Reef Capital Management LP grew its position in Alkami Technology by 264.3% in the 1st quarter. North Reef Capital Management LP now owns 7,650,000 shares of the company’s stock valued at $119,876,000 after acquiring an additional 5,550,000 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in Alkami Technology in the second quarter worth approximately $46,927,000. JANA Partners Management LP grew its holdings in Alkami Technology by 24.2% during the 2nd quarter. JANA Partners Management LP now owns 6,747,707 shares of the company’s stock worth $122,268,000 after acquiring an additional 1,316,319 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Alkami Technology in the 2nd quarter valued at approximately $18,451,000. Finally, Praesidium Investment Management Company LLC purchased a new stake in shares of Alkami Technology in the 2nd quarter valued at approximately $12,765,486. 54.97% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Alkami Technology

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

• Positive Sentiment: Alkami issued fourth-quarter 2026 revenue guidance of $139.7 million to $141.2 million, closely surrounding the $140.4 million consensus estimate. The outlook suggests expectations remain intact for the near term.
• Positive Sentiment: Third-quarter revenue reached $134.9 million, exceeding the approximately $133.5 million analyst estimate and increasing 19.4% from the prior-year period. Alkami Q3 revenue earnings flash
• Positive Sentiment: Needham maintained a “buy” rating, although it reduced its price target from $25 to $20, indicating substantial potential upside based on the reported reference price.
• Neutral Sentiment: JPMorgan lowered its price target from $14 to $13 and assigned an “underweight” rating, while Craig Hallum cut its rating from “buy” to “hold” with a $16 target. The targets remain above the recent trading level but reflect reduced confidence.
• Negative Sentiment: Third-quarter adjusted earnings were reported at $0.18 per share, below the Zacks consensus estimate of $0.22, although above the $0.13 earned a year earlier. The earnings shortfall is weighing on sentiment. Alkami Q3 earnings miss
• Negative Sentiment: Citizens downgraded Alkami from “outperform” to “market perform,” while KeyCorp and William Blair also moved their ratings to more cautious “sector weight” or “market perform” positions. Citizens reportedly cited a lack of clarity surrounding 2027 prospects.

Alkami Technology Company Profile

Alkami Technology, Inc provides cloud-based digital banking solutions for financial institutions, primarily community banks and credit unions in the United States. Its platform is designed to help institutions deliver digital experiences across online and mobile channels while managing customer relationships and banking operations.

The company’s products and services include digital account opening, online and mobile banking, payments, money movement, card management, financial wellness tools, data and analytics, marketing capabilities, and fraud prevention.