AlTi Global (ALTI) to Release Earnings on Friday

AlTi Global (NASDAQ:ALTI - Get Free Report) will be posting its quarterly earnings results before the market opens on Friday, May 10th. Analysts expect AlTi Global to post earnings of $0.03 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

AlTi Global (NASDAQ:ALTI - Get Free Report) last announced its earnings results on Friday, March 15th. The basic materials company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.15). The company had revenue of $91.71 million during the quarter, compared to analysts' expectations of $66.80 million. AlTi Global had a positive return on equity of 7.77% and a negative net margin of 67.99%. On average, analysts expect AlTi Global to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

AlTi Global Price Performance

Shares of ALTI stock traded down $0.31 during trading hours on Friday, hitting $4.50. 52,406 shares of the company's stock were exchanged, compared to its average volume of 121,833. The business's 50 day simple moving average is $5.45 and its 200-day simple moving average is $6.54. AlTi Global has a 12-month low of $3.88 and a 12-month high of $9.22. The company has a market capitalization of $536.99 million, a PE ratio of -1.41 and a beta of 0.69. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24.

Insider Transactions at AlTi Global

In other news, Director Mark F. Furlong acquired 25,000 shares of AlTi Global stock in a transaction that occurred on Tuesday, April 2nd. The stock was bought at an average price of $5.43 per share, for a total transaction of $135,750.00. Following the completion of the transaction, the director now owns 25,000 shares in the company, valued at $135,750. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Mark F. Furlong bought 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 2nd. The shares were bought at an average cost of $5.43 per share, with a total value of $135,750.00. Following the acquisition, the director now owns 25,000 shares in the company, valued at $135,750. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Cayman Holdings Ilwaddi purchased 20,000 shares of the business's stock in a transaction on Tuesday, April 2nd. The shares were bought at an average cost of $5.15 per share, with a total value of $103,000.00. Following the acquisition, the insider now directly owns 17,913,265 shares of the company's stock, valued at approximately $92,253,314.75. The disclosure for this purchase can be found here. Company insiders own 27.50% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Raymond James upgraded shares of AlTi Global from a "market perform" rating to a "strong-buy" rating and set a $9.00 target price for the company in a report on Thursday, January 25th.

AlTi Global Company Profile

AlTi Global, Inc provides wealth and asset management services individuals, families, foundations, and institutions in the United States, the United Kingdom, and internationally. It operates through two segments, Wealth Management and Strategic Alternatives. The company offers discretionary investment management, non-discretionary investment advisory, and investment management and advisory services.