NYSE:ALIT Alight (ALIT) Stock Forecast, Price & News $7.49 -0.06 (-0.79%) (As of 09/21/2023 ET) Add Compare Share Share Today's Range$7.45▼$7.5750-Day Range$7.22▼$10.0552-Week Range$7.01▼$10.19Volume3.31 million shsAverage Volume2.89 million shsMarket Capitalization$4.17 billionP/E RatioN/ADividend YieldN/APrice Target$13.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Alight MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside73.6% Upside$13.00 Price TargetShort InterestBearish6.21% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.47Based on 4 Articles This WeekInsider TradingSelling Shares$117.34 M Sold Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.14 out of 5 starsComputer And Technology Sector352nd out of 586 stocksBusiness Services, Not Elsewhere Classified Industry61st out of 86 stocks 3.5 Analyst's Opinion Consensus RatingAlight has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $13.00, Alight has a forecasted upside of 73.6% from its current price of $7.49.Amount of Analyst CoverageAlight has only been the subject of 2 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted6.21% of the float of Alight has been sold short.Short Interest Ratio / Days to CoverAlight has a short interest ratio ("days to cover") of 8.5.Change versus previous monthShort interest in Alight has recently decreased by 2.95%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldAlight does not currently pay a dividend.Dividend GrowthAlight does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ALIT. Previous Next 3.0 News and Social Media Coverage News SentimentAlight has a news sentiment score of 0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Alight this week, compared to 2 articles on an average week.Search Interest6 people have searched for ALIT on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.MarketBeat Follows1 people have added Alight to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Alight insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $117,342,732.00 in company stock.Percentage Held by InsidersOnly 3.96% of the stock of Alight is held by insiders.Percentage Held by Institutions79.56% of the stock of Alight is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Alight is -14.98, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Alight is -14.98, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioAlight has a P/B Ratio of 0.82. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Alight (NYSE:ALIT) StockAlight, Inc. provides cloud-based integrated digital human capital and business solutions worldwide. Its solutions enable employees to enrich their health, wealth, and wellbeing that helps organizations achieve a high-performance culture. The company is based in Lincolnshire, Illinois.Read More ALIT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ALIT Stock News HeadlinesSeptember 20, 2023 | americanbankingnews.comAlight, Inc. (NYSE:ALIT) Receives Average Recommendation of "Buy" from AnalystsSeptember 16, 2023 | americanbankingnews.comAlight (NYSE:ALIT) Stock Rating Reaffirmed by Needham & Company LLCSeptember 21, 2023 | Chaikin Analytics (Ad)This is the #1 Stock to Buy for the AI Tidal WaveMarc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.September 14, 2023 | cnbc.comThere's a buy opportunity in this little-known software company, Needham saysSeptember 14, 2023 | finance.yahoo.comAlight Enhances LeavePro Enterprise Software With New Automation Capabilities for a Better, Faster Client ExperienceSeptember 12, 2023 | thestreet.comAlight Inc. Class ASeptember 7, 2023 | finance.yahoo.comAlight Insider Ups Holding During YearAugust 30, 2023 | finance.yahoo.comAlight to Participate in the Citi Global Technology ConferenceSeptember 21, 2023 | Chaikin Analytics (Ad)This is the #1 Stock to Buy for the AI Tidal WaveMarc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.August 22, 2023 | finance.yahoo.comAlight Announces Closing of Secondary OfferingAugust 16, 2023 | finance.yahoo.comAlight Announces Secondary OfferingAugust 15, 2023 | msn.comAlight: Weak BPaaS Guide Is Not A Big Issue, Reiterate BuyAugust 14, 2023 | finance.yahoo.comShould You Invest in Alight (ALIT)?August 4, 2023 | markets.businessinsider.comExpert Ratings for AlightAugust 3, 2023 | msn.comKeybanc Maintains Alight Inc. - (ALIT) Overweight RecommendationAugust 2, 2023 | finance.yahoo.comAlight, Inc. (NYSE:ALIT) Q2 2023 Earnings Call TranscriptAugust 2, 2023 | finance.yahoo.comAlight, Inc. (ALIT) Surpasses Q2 Earnings and Revenue EstimatesAugust 1, 2023 | seekingalpha.comAlight, Inc. 2023 Q2 - Results - Earnings Call PresentationAugust 1, 2023 | finance.yahoo.comAlight Reports Second Quarter ResultsJuly 31, 2023 | benzinga.comAlight's Earnings: A PreviewJuly 31, 2023 | benzinga.comAlight Expands Engagement Experience With Latest Release of Alight Worklife®July 11, 2023 | finance.yahoo.comAlight to Release Second Quarter 2023 ResultsJune 29, 2023 | finance.yahoo.comAlight Publishes Study Revealing European Nations are Challenged by Complicated Payroll ProcessesJune 23, 2023 | msn.comAlight: Turning Positive On The Stock Given The Updated Outlook (Rating Upgrade)June 15, 2023 | businesswire.comAlight Enhances Employees’ Ability to Find High-Quality Healthcare Providers Through Alight WorklifeJune 15, 2023 | finance.yahoo.comAlight Enhances Employees’ Ability to Find High-Quality Healthcare Providers Through Alight Worklife®June 15, 2023 | finanznachrichten.deAlight, Inc.: Alight Expands Global Employee Benefits to Help Organisations Maximise Wellbeing ProgrammesSee More Headlines Receive ALIT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Alight and its competitors with MarketBeat's FREE daily newsletter. Email Address ALIT Company Calendar Last Earnings8/01/2023Today9/21/2023Next Earnings (Estimated)11/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Business services, not elsewhere classified Sub-IndustryN/A SectorComputer and Technology Current SymbolNYSE:ALIT CUSIPN/A CIK1809104 Webalight.com Phone224-737-7000FaxN/AEmployees18,000Year FoundedN/APrice Target and Rating Average Stock Price Forecast$13.00 High Stock Price Forecast$16.00 Low Stock Price Forecast$12.00 Forecasted Upside/Downside+73.6%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)($0.50) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-62,000,000.00 Net Margins-7.12% Pretax Margin-6.70% Return on Equity3.32% Return on Assets1.52% Debt Debt-to-Equity Ratio0.56 Current Ratio1.23 Quick Ratio1.23 Sales & Book Value Annual Sales$3.13 billion Price / Sales1.33 Cash Flow$1.00 per share Price / Cash Flow7.48 Book Value$9.13 per share Price / Book0.82Miscellaneous Outstanding Shares557,270,000Free Float535,205,000Market Cap$4.17 billion OptionableOptionable Beta0.79 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.Get This Free Report Key ExecutivesMr. Stephan D. Scholl (Age 52)CEO & Director Comp: $2.27MMs. Katie Boehm-J. Rooney (Age 44)Chief Financial Officer Comp: $973.33kMr. Gregory R. Goff (Age 52)Chief Technology & Delivery Officer Comp: $817.93kMr. Cesar Jelvez (Age 49)Chief Professional Services & Global Payroll Officer Comp: $820.08kMr. Dinesh V. Tulsiani (Age 49)Chief Strategy Officer Comp: $767.11kSarah HartmanChief Operations OfficerMs. Zohra ZoriChief Marketing & Engagement OfficerMr. Michael J. Rogers (Age 41)Chief HR Officer Bernad OchiengChief People OfficerMore ExecutivesKey CompetitorsLyftNASDAQ:LYFTGetty ImagesNYSE:GETYEtsyNASDAQ:ETSYZillow GroupNASDAQ:ZGAkamai TechnologiesNASDAQ:AKAMView All CompetitorsInsiders & InstitutionsVirginia Retirement Systems ET ALBought 44,000 shares on 8/22/2023Ownership: 0.008%Holdings I/Ii Gp L BlackstoneSold 14,704,603 sharesTotal: $117.34 M ($7.98/share)California State Teachers Retirement SystemBought 17,380 shares on 8/21/2023Ownership: 0.069%Osaic Holdings Inc.Bought 2,926 shares on 8/21/2023Ownership: 0.003%Orion Portfolio Solutions LLCBought 2,419 shares on 8/17/2023Ownership: 0.003%View All Insider TransactionsView All Institutional Transactions ALIT Stock - Frequently Asked Questions Should I buy or sell Alight stock right now? 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Alight in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ALIT shares. View ALIT analyst ratings or view top-rated stocks. What is Alight's stock price forecast for 2023? 6 brokers have issued twelve-month price objectives for Alight's shares. Their ALIT share price forecasts range from $12.00 to $16.00. On average, they predict the company's share price to reach $13.00 in the next year. This suggests a possible upside of 73.6% 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 2023? Alight's stock was trading at $8.36 at the start of the year. Since then, ALIT stock has decreased by 10.4% and is now trading at $7.49. View the best growth stocks for 2023 here. Are investors shorting Alight? Alight saw a increase in short interest in the month of August. As of August 15th, there was short interest totaling 22,710,000 shares, an increase of 18.4% from the July 31st total of 19,180,000 shares. Based on an average trading volume of 2,460,000 shares, the days-to-cover ratio is presently 9.2 days. Currently, 6.4% of the shares of the stock 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 Thursday, November 2nd 2023. View our ALIT earnings forecast. How were Alight's earnings last quarter? Alight, Inc. (NYSE:ALIT) released its quarterly earnings data on Tuesday, August, 1st. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. The business earned $806 million during the quarter, compared to the consensus estimate of $796.54 million. Alight had a positive trailing twelve-month return on equity of 3.32% and a negative net margin of 7.12%. What ETF holds Alight's stock ? iShares Russell 2000 Value ETF holds 3,752,129 shares of ALIT stock, representing 0.31% of its portfolio. What guidance has Alight issued on next quarter's earnings? Alight updated its FY 2023 earnings guidance on Wednesday, September, 20th. The company provided earnings per share guidance of $0.62-$0.67 for the period, compared to the consensus estimate of $0.64. The company issued revenue guidance of $3.47 billion-$3.51 billion, compared to the consensus revenue estimate of $3.50 billion. When did Alight IPO? (ALIT) raised $752 million in an 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 acted 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. What is Alight's stock symbol? Alight trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALIT." Who are Alight's major shareholders? Alight's stock is owned by a number of institutional and retail investors. Top institutional shareholders include ArrowMark Colorado Holdings LLC (4.98%), BlackRock Inc. (4.65%), DAVENPORT & Co LLC (2.13%), River Road Asset Management LLC (1.64%), State Street Corp (1.43%) and Geode Capital Management LLC (1.29%). Insiders that own company stock include Holdings I/Ii Gp L Blackstone, Holdings LP Blackstone III, Richard N Massey 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Alight's stock price today? One share of ALIT stock can currently be purchased for approximately $7.49. How much money does Alight make? Alight (NYSE:ALIT) has a market capitalization of $4.17 billion and generates $3.13 billion in revenue each year. The company earns $-62,000,000.00 in net income (profit) each year or ($0.50) on an earnings per share basis. How many employees does Alight have? The company employs 18,000 workers across the globe. How can I contact Alight? Alight's mailing address is 1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV, 89134. The official website for the company is alight.com. The company can be reached via phone at 224-737-7000 or via email at investor.relations@alight.com. This page (NYSE:ALIT) was last updated on 9/21/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Alight, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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