DA Davidson restated their buy rating on shares of Alight (NYSE:ALIT - Free Report) in a research report report published on Thursday morning, Benzinga reports. They currently have a $12.00 target price on the stock.
A number of other research firms also recently weighed in on ALIT. UBS Group increased their price objective on Alight from $12.00 to $13.00 and gave the company a buy rating in a report on Thursday, March 21st. KeyCorp decreased their price target on Alight from $12.00 to $11.00 and set an overweight rating for the company in a research note on Thursday, May 9th. Needham & Company LLC cut their price objective on Alight from $13.00 to $11.00 and set a buy rating on the stock in a research note on Thursday, May 9th. Wedbush decreased their target price on shares of Alight from $14.00 to $12.00 and set an outperform rating for the company in a research report on Friday, May 10th. Finally, Canaccord Genuity Group boosted their price target on shares of Alight from $12.00 to $13.00 and gave the stock a buy rating in a research report on Thursday, March 21st. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of Buy and a consensus target price of $12.00.
View Our Latest Stock Report on Alight
Alight Price Performance
Shares of NYSE ALIT traded up $0.17 during mid-day trading on Thursday, hitting $7.54. 3,489,180 shares of the stock traded hands, compared to its average volume of 6,444,676. The company has a market cap of $4.23 billion, a PE ratio of -12.13, a price-to-earnings-growth ratio of 1.21 and a beta of 0.88. Alight has a twelve month low of $6.33 and a twelve month high of $10.38. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a 50 day simple moving average of $8.25 and a two-hundred day simple moving average of $8.67.
Alight (NYSE:ALIT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.07 EPS for the quarter, meeting analysts' consensus estimates of $0.07. The firm had revenue of $816.00 million for the quarter, compared to analyst estimates of $832.41 million. Alight had a positive return on equity of 5.14% and a negative net margin of 9.19%. As a group, equities research analysts forecast that Alight will post 0.52 EPS for the current fiscal year.
Insider Buying and Selling at Alight
In other Alight news, CEO Stephan Scholl sold 83,016 shares of Alight stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $95.10, for a total transaction of $7,894,821.60. Following the transaction, the chief executive officer now owns 8,115,183 shares of the company's stock, valued at approximately $771,753,903.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Alight news, CEO Stephan Scholl sold 83,016 shares of the company's stock in a transaction on Monday, April 8th. The stock was sold at an average price of $95.10, for a total value of $7,894,821.60. Following the completion of the transaction, the chief executive officer now owns 8,115,183 shares in the company, valued at approximately $771,753,903.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Katie J. Rooney sold 2,777 shares of Alight stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $9.70, for a total transaction of $26,936.90. Following the completion of the sale, the insider now directly owns 2,927,314 shares in the company, valued at approximately $28,394,945.80. The disclosure for this sale can be found here. Company insiders own 5.33% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in ALIT. Xponance Inc. lifted its position in shares of Alight by 5.7% during the fourth quarter. Xponance Inc. now owns 25,035 shares of the company's stock worth $214,000 after acquiring an additional 1,353 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in Alight by 38.9% in the 4th quarter. First Horizon Advisors Inc. now owns 6,776 shares of the company's stock worth $58,000 after purchasing an additional 1,897 shares during the period. FourThought Financial Partners LLC boosted its stake in Alight by 10.2% in the 4th quarter. FourThought Financial Partners LLC now owns 27,673 shares of the company's stock worth $236,000 after purchasing an additional 2,552 shares during the period. Saxon Interests Inc. increased its position in shares of Alight by 15.4% during the first quarter. Saxon Interests Inc. now owns 19,668 shares of the company's stock valued at $194,000 after buying an additional 2,632 shares during the period. Finally, Campbell & CO Investment Adviser LLC lifted its holdings in shares of Alight by 6.8% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 60,768 shares of the company's stock worth $518,000 after buying an additional 3,856 shares in the last quarter. Institutional investors own 96.74% of the company's stock.
About Alight
(Get Free Report)
Alight, Inc provides cloud-based integrated digital human capital and business solutions worldwide. The company operates through two segments, Employer Solutions and Professional Services. The Employer Solutions segment offers employee wellbeing, integrated benefits administration, healthcare navigation, financial wellbeing, leave of absence management, retiree healthcare and payroll; and operates AI-led capabilities software.
Recommended Stories
- Five stocks we like better than Alight
- Pros And Cons Of Monthly Dividend Stocks
- Darden Stock Up After Q4 Earnings Beat, Cautious FY25 Outlook
- Find and Profitably Trade Stocks at 52-Week Lows
- Celsius Stock: Why Piper Sandler Forecasts a 50% Surge
- Why Invest in 5G? How to Invest in 5G Stocks
- Accenture’s Stock Earnings Reveal an AI-Powered Growth Strategy
→ My election-year investing secret (From Chaikin Analytics) (Ad)
Should you invest $1,000 in Alight right now?
Before you consider Alight, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alight wasn't on the list.
While Alight currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Elon Musk's Next Move
Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
