Alight's (ALIT) "Outperform" Rating Reiterated at Wedbush

Alight (NYSE:ALIT - Get Free Report)'s stock had its "outperform" rating reiterated by analysts at Wedbush in a report issued on Tuesday,Benzinga reports. They currently have a $11.00 price objective on the stock. Wedbush's price target indicates a potential upside of 86.28% from the stock's current price. Wedbush also issued estimates for Alight's Q1 2025 earnings at $0.11 EPS, Q2 2025 earnings at $0.06 EPS, Q3 2025 earnings at $0.07 EPS, Q4 2025 earnings at $0.25 EPS, FY2025 earnings at $0.49 EPS, Q1 2026 earnings at $0.14 EPS, Q2 2026 earnings at $0.08 EPS, Q3 2026 earnings at $0.11 EPS, Q4 2026 earnings at $0.26 EPS and FY2026 earnings at $0.57 EPS.

Separately, Needham & Company LLC reaffirmed a "buy" rating and set a $9.00 price objective on shares of Alight in a report on Monday, March 24th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Alight currently has an average rating of "Moderate Buy" and a consensus price target of $10.19.

Alight Stock Performance

Shares of NYSE:ALIT traded down $0.31 during trading on Tuesday, hitting $5.91. 7,784,543 shares of the stock were exchanged, compared to its average volume of 5,601,850. The company's fifty day simple moving average is $6.56 and its 200-day simple moving average is $7.01. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of -19.68 and a beta of 0.94. Alight has a 1-year low of $5.87 and a 1-year high of $9.92.

Remove Ads

Alight (NYSE:ALIT - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.04). The business had revenue of $680.00 million during the quarter, compared to the consensus estimate of $675.66 million. Alight had a negative net margin of 5.53% and a positive return on equity of 5.42%. Sell-side analysts expect that Alight will post 0.54 EPS for the current fiscal year.

Insider Transactions at Alight

In related news, Director Richard N. Massey acquired 100,000 shares of the firm's stock in a transaction on Monday, March 10th. The shares were purchased at an average price of $6.39 per share, with a total value of $639,000.00. Following the acquisition, the director now directly owns 1,573,489 shares in the company, valued at $10,054,594.71. The trade was a 6.79 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert A. Schriesheim acquired 22,092 shares of the stock in a transaction on Monday, March 3rd. The stock was bought at an average price of $6.79 per share, with a total value of $150,004.68. Following the transaction, the director now directly owns 22,092 shares in the company, valued at approximately $150,004.68. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 125,092 shares of company stock valued at $807,755 in the last three months. 5.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Alight

Hedge funds and other institutional investors have recently made changes to their positions in the company. Starboard Value LP boosted its holdings in Alight by 8.8% in the fourth quarter. Starboard Value LP now owns 47,228,000 shares of the company's stock valued at $326,818,000 after acquiring an additional 3,833,000 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Alight by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 40,881,219 shares of the company's stock valued at $282,898,000 after purchasing an additional 292,911 shares during the last quarter. ArrowMark Colorado Holdings LLC boosted its stake in shares of Alight by 13.6% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 24,296,295 shares of the company's stock valued at $168,130,000 after purchasing an additional 2,901,108 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Alight by 5.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 22,719,293 shares of the company's stock worth $157,215,000 after buying an additional 1,153,963 shares during the period. Finally, Cooper Creek Partners Management LLC raised its stake in shares of Alight by 23.1% during the fourth quarter. Cooper Creek Partners Management LLC now owns 17,704,322 shares of the company's stock worth $122,514,000 after buying an additional 3,322,705 shares during the last quarter. 96.74% of the stock is owned by institutional investors and hedge funds.

About Alight

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.