Alkami Technology (NASDAQ:ALKT – Get Free Report) will announce its earnings results after the market closes on Wednesday, July 31st. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Alkami Technology has set its FY 2024 guidance at EPS and its Q2 2024 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.
Alkami Technology (NASDAQ:ALKT – Get Free Report) last issued its earnings results on Wednesday, May 1st. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $76.10 million during the quarter, compared to analysts’ expectations of $75.57 million. Alkami Technology had a negative net margin of 20.42% and a negative return on equity of 15.31%. The business’s revenue for the quarter was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.16) EPS. On average, analysts expect Alkami Technology to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Alkami Technology Stock Performance
Shares of Alkami Technology stock traded up $0.31 on Tuesday, hitting $33.15. 24,126 shares of the company’s stock traded hands, compared to its average volume of 399,431. The firm’s 50-day moving average price is $28.90 and its two-hundred day moving average price is $26.23. Alkami Technology has a one year low of $14.93 and a one year high of $34.47. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.92 and a current ratio of 3.92.
Insider Buying and Selling
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on ALKT. JMP Securities boosted their price target on shares of Alkami Technology from $30.00 to $35.00 and gave the company a “market outperform” rating in a report on Monday, July 22nd. Barclays boosted their price target on shares of Alkami Technology from $28.00 to $31.00 and gave the company an “equal weight” rating in a report on Thursday, July 11th. Needham & Company LLC reissued a “buy” rating and issued a $32.00 price target on shares of Alkami Technology in a report on Tuesday, June 25th. Finally, Craig Hallum boosted their price target on shares of Alkami Technology from $30.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $28.56.
Check Out Our Latest Report on Alkami Technology
Alkami Technology Company Profile
Alkami Technology, Inc offers cloud-based digital banking solutions in the United States. The company's Alkami Platform allows financial institutions to onboard and engage new users, accelerate revenues, and enhance operational efficiency, with the support of a proprietary, cloud-based, and multi-tenant architecture.
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