NYSE:ALIT

Alight (ALIT) Stock Price, News & Analysis

$7.67
-0.02 (-0.26%)
(As of 05/10/2024 ET)
Today's Range
$7.50
$7.76
50-Day Range
$7.68
$10.31
52-Week Range
$6.33
$10.38
Volume
13.45 million shs
Average Volume
5.34 million shs
Market Capitalization
$4.32 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$12.29

Alight MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
56.4% Upside
$12.00 Price Target
Short Interest
Healthy
4.64% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.42mentions of Alight in the last 14 days
Based on 22 Articles This Week
Insider Trading
Selling Shares
$12.39 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.

4.41 out of 5 stars

Computer And Technology Sector

105th out of 601 stocks

Business Services, Not Elsewhere Classified Industry

23rd out of 92 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

Wedbush Keeps Their Buy Rating on Alight (ALIT)
Gold Set to EXPLODE!
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
Alight Promotes Heaton As CFO
Gold Set to EXPLODE!
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
Alight Reports First Quarter 2024 Results
Alight Announces Executive Leadership Changes
Alight Q1 2024 Earnings Preview
Alight to Announce First Quarter 2024 Results
Navigating 7 Analyst Ratings For Alight
Alight Inc CEO Stephan Scholl Sells 83,016 Shares
Alight Inc CEO Stephan Scholl Sells 106,500 Shares
See More Headlines
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Company Calendar

Last Earnings
2/21/2024
Today
5/11/2024
Next Earnings (Estimated)
8/06/2024
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
$12.00
High Stock Price Target
$13.00
Low Stock Price Target
$11.00
Potential Upside/Downside
+60.1%
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
$1.22 per share
Book Value
$8.57 per share

Miscellaneous

Free Float
542,377,000
Market Cap
$4.32 billion
Optionable
Optionable
Beta
0.94
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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 research analysts have issued "buy," "hold," and "sell" ratings for Alight in the last year. There are currently 7 buy ratings for the stock. The consensus among Wall Street research 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 Wall Street research analysts have issued 1-year target prices for Alight's shares. Their ALIT share price targets range from $11.00 to $13.00. On average, they predict the company's share price to reach $12.00 in the next twelve months. This suggests a possible upside of 56.4% 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 beginning of the year. Since then, ALIT shares have decreased by 10.0% and is now trading at $7.6750.
View the best growth stocks for 2024 here
.

Are investors shorting Alight?

Alight saw a drop in short interest in the month of April. As of April 15th, there was short interest totaling 19,730,000 shares, a drop of 5.0% from the March 31st total of 20,770,000 shares. Based on an average daily trading volume, of 6,270,000 shares, the days-to-cover ratio is currently 3.1 days. Approximately 4.7% of the shares of the company 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, August 6th 2024.
View our ALIT earnings forecast
.

How were Alight's earnings last quarter?

Alight, Inc. (NYSE:ALIT) posted its quarterly earnings results on Wednesday, February, 21st. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.06. The company had revenue of $960 million for the quarter, compared to the consensus estimate of $1.03 billion. Alight had a negative net margin of 9.19% and a positive trailing twelve-month return on equity of 5.14%.

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 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 (IPO) on Friday, March 22nd 2019. The company issued 32,000,000 shares at $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 investors include Vanguard Group Inc. (6.76%), Coronation Fund Managers Ltd. (1.00%), Littlejohn & Co. LLC (0.23%), Russell Investments Group Ltd. (0.20%), Caas Capital Management LP (0.15%) and Swiss National Bank (0.13%). 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 5/11/2024 by MarketBeat.com Staff

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