Alkami Technology (NASDAQ:ALKT) is set to report its quarterly earnings on July 31st, with analysts predicting earnings of $0.02 per share for the quarter. The company previously reported $0.05 EPS in May, beating expectations. Insiders have sold over 1.8 million shares of the company’s stock in recent transactions. The stock currently has a consensus rating of “Moderate Buy” with a target price of $28.56.
Alkami Technology offers cloud-based digital banking solutions in the US, allowing financial institutions to onboard new users, increase revenue, and improve efficiency. The company has set its FY 2024 guidance at EPS and its Q2 2024 guidance at EPS. Shares of ALKT stock opened at $34.10 on Wednesday, with a 52-week low of $14.93 and a high of $34.47.
Several research firms have issued reports on ALKT, with three analysts rating the stock as a hold and seven as a buy. Needham & Company LLC reconfirmed a “buy” rating with a $32.00 price target. Barclays and Craig Hallum also raised their price targets on the stock. JMP Securities gave a “market outperform” rating.
Investors interested in learning more about Alkami Technology’s earnings can tune into their conference call through a provided link. Overall, the company’s performance has shown growth and positive results, leading to increased confidence from analysts and investors.
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