NYSE:ALIT

Alight (ALIT) Stock Price, News & Analysis

$9.08
-0.17 (-1.84%)
(As of 03:39 PM ET)
Today's Range
$9.04
$9.27
50-Day Range
$8.65
$10.31
52-Week Range
$6.33
$10.38
Volume
2.15 million shs
Average Volume
6.57 million shs
Market Capitalization
$5.11 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$12.71

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
0.89mentions of Alight in the last 14 days
Based on 3 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.

3.16 out of 5 stars

Computer And Technology Sector

263rd out of 581 stocks

Business Services, Not Elsewhere Classified Industry

41st out of 87 stocks

ALIT stock logo

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

ALIT Stock News Headlines

The "Smart Money" Is Ready for May 1st Are You?
Former Wall Street VP: "Buy This Stock Now" Five of America's Most Successful Investors Bought Shares in The Same Company.
The "Smart Money" Is Ready for May 1st Are You?
Former Wall Street VP: "Buy This Stock Now" Five of America's Most Successful Investors Bought Shares in The Same Company.
Alight Inc CEO Stephan Scholl Sells 83,016 Shares
Alight Inc CEO Stephan Scholl Sells 106,500 Shares
Spotify price hike rumours set shares alight
Beyond The Numbers: 6 Analysts Discuss Alight Stock
ALIT Nov 2024 11.000 call
ALIT Apr 2024 12.000 call
See More Headlines
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Company Calendar

Last Earnings
2/21/2024
Today
4/24/2024
Next Earnings (Estimated)
5/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
N/A
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
+40.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

Net Income
$-345,000,000.00
Pretax Margin
-10.73%

Debt

Sales & Book Value

Annual Sales
$3.41 billion
Cash Flow
$1.46 per share
Book Value
$8.57 per share

Miscellaneous

Free Float
542,377,000
Market Cap
$5.09 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

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 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 expect the company's stock 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 stock has 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 drop in short interest during the month of March. As of March 15th, there was short interest totaling 20,340,000 shares, a drop 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.
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) issued its quarterly earnings data on Wednesday, February, 21st. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.06. The business 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%.

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

Alight issued an update on 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 initial public offering 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 a variety of institutional and retail investors. Top institutional shareholders include Kirr Marbach & Co. LLC IN (0.12%), Raymond James & Associates (0.11%), 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.
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 4/24/2024 by MarketBeat.com Staff

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