Should I buy or sell Alight stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alight in the last twelve months. There are currently 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ALIT shares. View ALIT analyst ratings or view top-rated stocks .

What is Alight's stock price target for 2024?

7 analysts have issued 12 month price objectives for Alight's shares. Their ALIT share price targets range from $12.00 to $14.00. On average, they anticipate the company's share price to reach $12.71 in the next twelve months. This suggests a possible upside of 40.0% from the stock's current price. View analysts price targets for ALIT or view top-rated stocks among Wall Street analysts .

How have ALIT shares performed in 2024?

Alight's stock was trading at $8.53 at the start of the year. Since then, ALIT shares have increased by 6.4% and is now trading at $9.08. View the best growth stocks for 2024 here .

Are investors shorting Alight?

Alight saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 20,340,000 shares, a decrease of 5.4% from the February 29th total of 21,500,000 shares. Based on an average daily volume of 7,220,000 shares, the days-to-cover ratio is currently 2.8 days. Approximately 5.0% of the company's shares are sold short. View Alight's Short Interest .

When is Alight's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024. View our ALIT earnings forecast .

How were Alight's earnings last quarter?

Alight, Inc. (NYSE:ALIT) announced its quarterly earnings results on Wednesday, February, 21st. The company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.06. The firm had revenue of $960 million for the quarter, compared to the consensus estimate of $1.03 billion. Alight had a negative net margin of 7.80% and a positive trailing twelve-month return on equity of 5.09%.

What ETFs hold Alight's stock?

ETFs with the largest weight of Alight (NYSE:ALIT) stock in their portfolio include LeaderShares Activist Leaders ETF (ACTV) , SPDR FactSet Innovative Technology ETF (XITK) and iShares Russell 2000 Value ETF (IWN) . Vanguard Russell 2000 Value ETF (VTWV) .

What guidance has Alight issued on next quarter's earnings?

Alight updated its FY24 earnings guidance on Wednesday, February, 21st. The company provided earnings per share guidance of $0.72-0.77 for the period, compared to the consensus EPS estimate of $0.72. The company issued revenue guidance of $3.55-3.611 billion, compared to the consensus revenue estimate of $3.71 billion.

Alight (ALIT) raised $752 million in an IPO on Friday, March 22nd 2019. The company issued 32,000,000 shares at a price of $22.00-$25.00 per share. BofA Merrill Lynch, J.P. Morgan, Morgan Stanley, Barclays Capital, BMO Capital Markets, Citigroup Global, Credit Suisse, Deutsche Bank Securities and Goldman Sachs served as the underwriters for the IPO and Blackstone Capital Markets, CIBC World Markets, PNC Capital Markets, Baird, KeyBanc Capital Markets, Macquarie Capital, Stephens, Stifel, Academy Securities, BTIG, Loop Capital Markets, Ramirez and Siebert Cisneros Shank were co-managers.

Who are Alight's major shareholders?

Alight's stock is owned by many different institutional and retail investors. Top institutional shareholders include NBC Securities Inc. (0.02%). Insiders that own company stock include Dinesh V Tulsiani, Holdings I/Ii Gp L Blackstone, Holdings LP Blackstone III, Katie J Rooney , Richard N Massey , Stephan Scholl and William P Foley II . View institutional ownership trends .

How do I buy shares of Alight?

Shares of ALIT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:ALIT

Alight (ALIT) Stock Price, News & Analysis

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Free ALIT Stock Alerts

$9.10

-0.01 (-0.11%)

(As of 11:27 AM ET)

Compare

Today's Range: $8.99
▼
$9.12
50-Day Range: $8.65
▼
$10.31
52-Week Range: $6.33
▼
$10.38

Volume: 959,820 shs
Average Volume: 6.86 million shs
Market Capitalization: $5.12 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $12.71

Get Alight alerts:

Alight MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 40.0% Upside
$12.71 Price Target
Short Interest: Bearish
5.06% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.44
Based on 6 Articles This Week
Insider Trading: Selling Shares
$12.45 M Sold Last Quarter
Proj. Earnings Growth: 26.00%
From $0.50 to $0.63 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.20 out of 5 stars

Computer And Technology Sector

280th out of 593 stocks

Business Services, Not Elsewhere Classified Industry

46th out of 90 stocks

3.5

Analyst's Opinion

Consensus Rating
Alight has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 7 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Alight has only been the subject of 4 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
5.06% of the float of Alight has been sold short.
Short Interest Ratio / Days to Cover
Alight has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Alight has recently increased by 2.11%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Alight does not currently pay a dividend.
Dividend Growth
Alight does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ALIT.

3.0

News and Social Media Coverage

News Sentiment
Alight has a news sentiment score of 0.44. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Alight this week, compared to 3 articles on an average week.
Search Interest
17 people have searched for ALIT on MarketBeat in the last 30 days. This is an increase of 55% compared to the previous 30 days.
MarketBeat Follows
10 people have added Alight to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Alight insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $12,449,117.00 in company stock.
Percentage Held by Insiders
Only 3.66% of the stock of Alight is held by insiders.
Percentage Held by Institutions
96.74% of the stock of Alight is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Alight are expected to grow by 26.00% in the coming year, from $0.50 to $0.63 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Alight is -16.51, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Alight is -16.51, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Alight has a PEG Ratio of 1.42. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Alight has a P/B Ratio of 1.06. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Alight Stock (NYSE:ALIT)

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. The Professional Services segment offers consulting offerings, such as cloud advisory, deployment, and optimization services for cloud platforms. The company provides Alight Worklife, an intuitive, cloud-based employee engagement platform. Its solutions enable employees to enrich their health, wealth, and wellbeing that helps organizations achieve a high-performance culture. Alight, Inc. was founded in 2020 and is based in Lincolnshire, Illinois.

ALIT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ALIT Stock News Headlines

April 12, 2024 | insidertrades.com

Stephan Scholl Sells 83,016 Shares of Alight, Inc. (NYSE:ALIT) Stock

April 3, 2024 | insidertrades.com

Alight, Inc. (NYSE:ALIT) Insider Katie J. Rooney Sells 2,777 Shares

April 16, 2024 | InvestorPlace (Ad)

Elon Musk’s ChatGPT Could Soon Mint New Millionaires

Elon Musk made $180 million on PayPal… $47 Billion on SpaceX…and $94.2 Billion on Tesla. He’s about to shock the world again with his version of ChatGPT.

March 24, 2024 | insidertrades.com

Alight, Inc. (NYSE:ALIT) Insider Sells $24,980.00 in Stock

April 12, 2024 | investing.com

Alight CEO Stephan Scholl sells over $8 million in company stock

April 12, 2024 | finance.yahoo.com

Alight Inc CEO Stephan Scholl Sells 83,016 Shares

April 11, 2024 | finance.yahoo.com

Alight Inc CEO Stephan Scholl Sells 106,500 Shares

April 7, 2024 | americanbankingnews.com

Alight, Inc. (NYSE:ALIT) Receives Average Rating of "Buy" from Brokerages

April 16, 2024 | InvestorPlace (Ad)

Elon Musk’s ChatGPT Could Soon Mint New Millionaires

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April 6, 2024 | stockhouse.com

Fortune Media and Great Place to Work Recognize Alight as a '100 Best Companies to Work For' in 2024

April 4, 2024 | finance.yahoo.com

Fortune Media and Great Place to Work Recognize Alight as a ‘100 Best Companies to Work For’ in 2024

April 3, 2024 | proactiveinvestors.com

Spotify price hike rumours set shares alight

March 28, 2024 | finance.yahoo.com

Alight’s Latest Release of Alight Worklife® to Unlock Value for Organizations and Their People

March 28, 2024 | businesswire.com

Alight's Latest Release of Alight Worklife® to Unlock Value for Organizations and Their People

March 22, 2024 | finance.yahoo.com

Alight Inc (ALIT) CEO Stephan Scholl Sells 428,574 Shares

March 21, 2024 | markets.businessinsider.com

Alight’s Strategic Divestiture and Financial Strengthening Prompt Buy Rating and Target Price Increase

March 21, 2024 | markets.businessinsider.com

Beyond The Numbers: 6 Analysts Discuss Alight Stock

March 20, 2024 | msn.com

Alight Selling Professional, Payroll Assets to H.I.G. Capital for up to $1.2 Billion in Simplification Move

March 20, 2024 | reuters.com

Alight to sell payroll and professional service business for up to $1.2 billion

March 20, 2024 | barrons.com

Alight Stock Jumps. It's Selling a Business Unit for $1.2 Billion and Buying Back Shares.

March 20, 2024 | businesswire.com

H.I.G. Capital Signs Definitive Agreement to Acquire Alight's Payroll and Professional Services Business

March 20, 2024 | businesswire.com

Alight Announces Agreement to Sell Payroll and Professional Services Business for up to $1.2 Billion

March 16, 2024 | finance.yahoo.com

ALIT Nov 2024 11.000 call

March 16, 2024 | finance.yahoo.com

ALIT Apr 2024 12.000 call

March 14, 2024 | businesswire.com

Alight Announces New Integration of Leaves With Other Benefits

March 7, 2024 | investorplace.com

3 Hidden-Gem Stocks Poised for a 10X Surge This Decade

March 1, 2024 | businesswire.com

Alight to Present at Upcoming Investor Conferences

See More Headlines

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Company Calendar

Last Earnings: 2/21/2024
Today: 4/16/2024
Next Earnings (Estimated): 5/14/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Computer and Technology
Industry: Business services, not elsewhere classified
Sub-Industry: N/A
Current Symbol: NYSE:ALIT
CUSIP: N/A
CIK: 1809104
Web: alight.com
Phone: 224-737-7000
Fax: N/A
Employees: 18,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $12.71
High Stock Price Target: $14.00
Low Stock Price Target: $12.00
Potential Upside/Downside: +39.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.55)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 18.22
P/E Growth: 1.42
Net Income: $-345,000,000.00
Net Margins: -7.80%
Pretax Margin: -10.73%
Return on Equity: 5.09%
Return on Assets: 2.30%

Debt

Debt-to-Equity Ratio: 0.58
Current Ratio: 1.27
Quick Ratio: 1.27

Sales & Book Value

Annual Sales: $3.41 billion
Price / Sales: 1.50
Cash Flow: $1.46 per share
Price / Cash Flow: 6.24
Book Value: $8.57 per share
Price / Book: 1.06

Miscellaneous

Outstanding Shares: 562,980,000
Free Float: 542,377,000
Market Cap: $5.13 billion
Optionable: Optionable
Beta: 0.92

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Key Executives

Mr. Stephan D. Scholl (Age 53)
CEO & Director
Comp: $2.27M
Ms. Katie Boehm-J. Rooney (Age 45)
Global CFO & COO
Comp: $973.33k
Mr. Gregory R. Goff (Age 53)
Chief Technology & Delivery Officer
Comp: $817.93k
Mr. Cesar Jelvez (Age 49)
Chief Professional Services & Global Payroll Officer
Comp: $820.08k
Mr. Dinesh V. Tulsiani (Age 49)
Chief Strategy Officer
Comp: $767.11k
Mr. Martin T. Felli (Age 56)
Chief Legal Officer & Corporate Secretary
Mr. Michael J. Rogers (Age 41)
Chief Human Resources Officer
Mr. Gregory A. George (Age 53)
Chief Commercial Officer of North America
Mr. Jeremy Heaton
Operating Chief Financial Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ALIT Stock Analysis - Frequently Asked Questions

Should I buy or sell Alight stock right now?: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alight in the last twelve months. There are currently 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ALIT shares.
View ALIT analyst ratings or view top-rated stocks.
What is Alight's stock price target for 2024?: 7 analysts have issued 12 month price objectives for Alight's shares. Their ALIT share price targets range from $12.00 to $14.00. On average, they anticipate the company's share price to reach $12.71 in the next twelve months. This suggests a possible upside of 40.0% from the stock's current price.
View analysts price targets for ALIT or view top-rated stocks among Wall Street analysts.
How have ALIT shares performed in 2024?: Alight's stock was trading at $8.53 at the start of the year. Since then, ALIT shares have increased by 6.4% and is now trading at $9.08.
View the best growth stocks for 2024 here.
Are investors shorting Alight?: Alight saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 20,340,000 shares, a decrease of 5.4% from the February 29th total of 21,500,000 shares. Based on an average daily volume of 7,220,000 shares, the days-to-cover ratio is currently 2.8 days. Approximately 5.0% of the company's shares are sold short.
View Alight's Short Interest.
When is Alight's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our ALIT earnings forecast.
How were Alight's earnings last quarter?: Alight, Inc. (NYSE:ALIT) announced its quarterly earnings results on Wednesday, February, 21st. The company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.06. The firm had revenue of $960 million for the quarter, compared to the consensus estimate of $1.03 billion. Alight had a negative net margin of 7.80% and a positive trailing twelve-month return on equity of 5.09%.

What ETFs hold Alight's stock?: ETFs with the largest weight of Alight (NYSE:ALIT) stock in their portfolio include LeaderShares Activist Leaders ETF (ACTV), SPDR FactSet Innovative Technology ETF (XITK) and iShares Russell 2000 Value ETF (IWN).Vanguard Russell 2000 Value ETF (VTWV).
What guidance has Alight issued on next quarter's earnings?: Alight updated its FY24 earnings guidance on Wednesday, February, 21st. The company provided earnings per share guidance of $0.72-0.77 for the period, compared to the consensus EPS estimate of $0.72. The company issued revenue guidance of $3.55-3.611 billion, compared to the consensus revenue estimate of $3.71 billion.
When did Alight IPO?: Alight (ALIT) raised $752 million in an IPO on Friday, March 22nd 2019. The company issued 32,000,000 shares at a price of $22.00-$25.00 per share. BofA Merrill Lynch, J.P. Morgan, Morgan Stanley, Barclays Capital, BMO Capital Markets, Citigroup Global, Credit Suisse, Deutsche Bank Securities and Goldman Sachs served as the underwriters for the IPO and Blackstone Capital Markets, CIBC World Markets, PNC Capital Markets, Baird, KeyBanc Capital Markets, Macquarie Capital, Stephens, Stifel, Academy Securities, BTIG, Loop Capital Markets, Ramirez and Siebert Cisneros Shank were co-managers.
Who are Alight's major shareholders?: Alight's stock is owned by many different institutional and retail investors. Top institutional shareholders include NBC Securities Inc. (0.02%). Insiders that own company stock include Dinesh V Tulsiani, Holdings I/Ii Gp L Blackstone, Holdings LP Blackstone III, Katie J Rooney, Richard N Massey, Stephan Scholl and William P Foley II.
View institutional ownership trends.
How do I buy shares of Alight?: Shares of ALIT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ALIT) was last updated on 4/16/2024 by MarketBeat.com Staff

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Alight (ALIT) Stock Price, News & Analysis

Alight MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Alight Stock (NYSE:ALIT)

ALIT Stock Price History

ALIT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

ALIT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™