Alight, Inc. (NYSE:ALIT) Short Interest Update

Alight, Inc. (NYSE:ALIT) was the target of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 41,121,316 shares, an increase of 31.5% from the February 12th total of 31,278,114 shares. Based on an average trading volume of 46,160,073 shares, the days-to-cover ratio is presently 0.9 days. Currently, 7.8% of the company’s stock are sold short. Currently, 7.8% of the company’s stock are sold short. Based on an average trading volume of 46,160,073 shares, the days-to-cover ratio is presently 0.9 days.

Alight Trading Down 13.5%

NYSE ALIT opened at $0.79 on Tuesday. The firm’s 50 day moving average price is $1.30 and its two-hundred day moving average price is $2.22. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.31 and a current ratio of 1.31. Alight has a twelve month low of $0.65 and a twelve month high of $6.39. The stock has a market cap of $423.32 million, a price-to-earnings ratio of -0.13, a PEG ratio of 0.50 and a beta of 1.17.

Alight (NYSE:ALIT) last announced its quarterly earnings data on Thursday, February 19th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.07). The business had revenue of $653.00 million for the quarter, compared to analyst estimates of $654.30 million. Alight had a positive return on equity of 9.61% and a negative net margin of 136.91%. Equities analysts anticipate that Alight will post 0.54 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on ALIT shares. DA Davidson decreased their price target on shares of Alight from $6.00 to $5.00 and set a “buy” rating for the company in a report on Tuesday, February 10th. Wall Street Zen cut shares of Alight from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Needham & Company LLC lowered shares of Alight from a “buy” rating to a “hold” rating in a research note on Thursday, February 19th. KeyCorp downgraded Alight from an “overweight” rating to a “sector weight” rating in a research note on Thursday, February 19th. Finally, Bank of America began coverage on Alight in a report on Tuesday, February 17th. They set an “underperform” rating and a $1.40 price target on the stock. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $3.56.

Insiders Place Their Bets

In other Alight news, CEO Rohit Verma bought 112,000 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were bought at an average cost of $0.89 per share, with a total value of $99,680.00. Following the transaction, the chief executive officer directly owned 1,134,883 shares in the company, valued at approximately $1,010,045.87. This trade represents a 10.95% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.93% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Alight

Several large investors have recently made changes to their positions in ALIT. Corient Private Wealth LLC increased its stake in shares of Alight by 58.1% during the 4th quarter. Corient Private Wealth LLC now owns 58,625 shares of the company’s stock worth $114,000 after purchasing an additional 21,552 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Alight by 14,961.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 199,106 shares of the company’s stock worth $388,000 after acquiring an additional 197,784 shares in the last quarter. Aristides Capital LLC bought a new stake in Alight during the fourth quarter worth approximately $186,000. DGS Capital Management LLC bought a new stake in Alight during the fourth quarter worth approximately $53,000. Finally, Pacer Advisors Inc. acquired a new position in Alight during the fourth quarter valued at approximately $8,462,000. Institutional investors own 96.74% of the company’s stock.

Alight Company Profile

Alight, Inc (NYSE: ALIT) is a leading provider of cloud-based human capital and financial solutions designed to help organizations and their employees navigate critical life and work events. The company offers a comprehensive suite of services, including payroll administration, benefits enrollment and management, workforce and analytics solutions, health and welfare support, and financial wellness programs. By integrating advanced technology with expert advisory services, Alight aims to simplify the administration of human resources and benefits functions, improve employee engagement and productivity, and drive cost efficiencies for its clients.

Alight’s core platform leverages cloud architecture and automation to deliver scalable and secure solutions that address the needs of mid-sized and large enterprises.