Alight (ALIT) Stock Price, News & Analysis

7 Wall Street equities research 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 equities research analysts is that investors should "buy" ALIT shares.
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7 equities research analysts have issued twelve-month price objectives for Alight's stock. 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 year. This suggests a possible upside of 39.9% from the stock's current price.
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Alight's stock was trading at $8.53 at the start of the year. Since then, ALIT shares have increased by 6.6% and is now trading at $9.09.
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Alight saw a decrease in short interest in 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 trading volume of 7,220,000 shares, the days-to-cover ratio is presently 2.8 days. Approximately 5.0% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
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Alight, Inc. (NYSE:ALIT) issued its quarterly earnings data on Wednesday, February, 21st. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.17 by $0.06. The firm earned $960 million during the quarter, compared to analysts' expectations 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%.

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).

Alight updated its FY24 earnings guidance on Wednesday, February, 21st. The company provided earnings per share (EPS) 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 acted 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.

Alight's stock is owned by many different institutional and retail investors. Top institutional investors include NBC Securities Inc. (0.02%), Harbour Capital Advisors LLC (0.01%) and Saxon Interests Inc. (0.00%). 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.
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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.
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