Alight, Inc. (NYSE:ALIT) Receives $3.56 Consensus Target Price from Analysts

Alight, Inc. (NYSE:ALIT) has earned an average recommendation of “Hold” from the eight research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $3.5571.

ALIT has been the subject of several research reports. Bank of America initiated coverage on Alight in a research note on Tuesday, February 17th. They set an “underperform” rating and a $1.40 price target for the company. KeyCorp cut shares of Alight from an “overweight” rating to a “sector weight” rating in a research note on Thursday, February 19th. Weiss Ratings restated a “sell (d-)” rating on shares of Alight in a report on Wednesday, January 21st. Citigroup cut shares of Alight from a “buy” rating to a “neutral” rating and cut their target price for the stock from $6.50 to $1.00 in a research report on Friday, February 20th. Finally, Needham & Company LLC downgraded shares of Alight from a “buy” rating to a “hold” rating in a report on Thursday, February 19th.

Alight Price Performance

ALIT stock opened at $0.54 on Tuesday. The firm has a 50 day moving average of $1.11 and a 200-day moving average of $2.03. The company has a market cap of $288.63 million, a price-to-earnings ratio of -0.09, a PEG ratio of 0.29 and a beta of 1.16. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.90. Alight has a 12-month low of $0.50 and a 12-month high of $6.19.

Alight (NYSE:ALIT) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.07). The firm had revenue of $653.00 million during the quarter, compared to analysts’ expectations of $654.30 million. Alight had a negative net margin of 136.91% and a positive return on equity of 9.61%. As a group, equities analysts expect that Alight will post 0.54 EPS for the current fiscal year.

Insider Activity

In related news, CEO Rohit Verma bought 112,000 shares of Alight stock in a transaction that occurred on Thursday, March 12th. The shares were purchased at an average price of $0.89 per share, with a total value of $99,680.00. Following the purchase, the chief executive officer owned 1,134,883 shares in the company, valued at $1,010,045.87. This represents a 10.95% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders purchased 242,000 shares of company stock worth $201,280. Insiders own 1.93% of the company’s stock.

Hedge Funds Weigh In On Alight

A number of institutional investors have recently made changes to their positions in ALIT. Vanguard Group Inc. boosted its stake in shares of Alight by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 43,783,776 shares of the company’s stock valued at $85,378,000 after acquiring an additional 1,205,027 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Alight by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 25,937,324 shares of the company’s stock valued at $84,558,000 after purchasing an additional 348,285 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Alight by 87.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 24,777,535 shares of the company’s stock valued at $48,316,000 after purchasing an additional 11,534,921 shares during the last quarter. Rubric Capital Management LP lifted its holdings in Alight by 10.8% in the 2nd quarter. Rubric Capital Management LP now owns 19,626,953 shares of the company’s stock valued at $111,089,000 after purchasing an additional 1,906,140 shares in the last quarter. Finally, Cooper Creek Partners Management LLC lifted its holdings in Alight by 6.6% in the 3rd quarter. Cooper Creek Partners Management LLC now owns 19,168,119 shares of the company’s stock valued at $62,488,000 after purchasing an additional 1,187,092 shares in the last quarter. 96.74% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Alight

Here are the key news stories impacting Alight this week:

• Positive Sentiment: Analyst/management optimism — Several reports highlight “strong analyst sentiment” following confident management commentary, which could support near‑term investor sentiment. Strong analyst sentiment on Alight (ALIT) amid confident management commentary
• Neutral Sentiment: Company response to NYSE notice — Alight publicly committed to remain on the NYSE and said its common stock will continue trading under ALIT, which reduces immediate delisting risk but leaves execution and timing uncertain. Alight Commits to Remain on NYSE After Receiving Continued Listing Standard Notice
• Negative Sentiment: NYSE compliance risk and potential reverse split — The company disclosed it received a NYSE notice for noncompliance and is considering a reverse stock split to regain compliance; reverse splits can be dilutive/confusing and signal distress to investors. Alight Addresses NYSE Listing Noncompliance, Considers Reverse Split
• Negative Sentiment: Multiple securities‑fraud filings and lead‑plaintiff solicitations — Several law firms have filed or solicited plaintiffs in securities class actions covering a common class period; firms are competing for lead‑plaintiff status and warning of an upcoming May 15 deadline, increasing legal overhang and potential liability exposure. Alight, Inc. (ALIT) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit

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.