Alight - ALIT Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Alight in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ALIT shares.
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5 Wall Street research analysts have issued 1-year target prices 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 $13.50 in the next twelve months. This suggests a possible upside of 55.9% from the stock's current price.
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Alight's stock was trading at $8.36 at the start of the year. Since then, ALIT shares have increased by 3.6% and is now trading at $8.66.
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Alight saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 19,460,000 shares, an increase of 8.0% from the February 13th total of 18,020,000 shares. Based on an average daily trading volume, of 3,060,000 shares, the days-to-cover ratio is presently 6.4 days. Approximately 6.3% of the company's shares are short sold.
View Alight's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 8th 2023.
View our ALIT earnings forecast.

Alight, Inc. (NYSE:ALIT) released its quarterly earnings data on Monday, November, 8th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.13 by $0.05. The business earned $690 million during the quarter. Alight had a negative net margin of 1.98% and a positive trailing twelve-month return on equity of 3.56%.

ETFs with the largest weight of Alight (NYSE:ALIT) stock in their portfolio include iShares Russell 2000 Value ETF (IWN), First Trust Mid Cap Value AlphaDEX Fund (FNK), Convergence Long/Short Equity ETF (CLSE), First Trust Mid Cap Core AlphaDEX Fund (FNX), iShares Russell 2000 ETF (IWM), Global X Russell 2000 Covered Call ETF (RYLD) and ProShares Hedge Replication ETF (HDG).Dimensional US Small Cap Value ETF (DFSV).

Alight updated its FY 2023 earnings guidance on Tuesday, February, 21st. The company provided earnings per share (EPS) guidance of $0.62-$0.67 for the period, compared to the consensus earnings per share estimate of $0.69. The company issued revenue guidance of $3.47 billion-$3.51 billion, compared to the consensus revenue estimate of $3.37 billion.

(ALIT) raised $752 million in an IPO on Friday, March 22nd 2019. The company issued 32,000,000 shares at a price of $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.

Alight trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALIT."

Alight's stock is owned by a number of institutional and retail investors. Top institutional shareholders include FPR Partners LLC (5.80%), ArrowMark Colorado Holdings LLC (4.72%), New Mountain Capital L.L.C. (4.54%), DAVENPORT & Co LLC (2.17%), River Road Asset Management LLC (1.61%) and Glenview Capital Management LLC (1.41%). 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.

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.
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One share of ALIT stock can currently be purchased for approximately $8.66.

Alight (NYSE:ALIT) has a market capitalization of $4.83 billion and generates $3.13 billion in revenue each year. The company earns $-62,000,000.00 in net income (profit) each year or ($0.14) on an earnings per share basis.

The company employs 18,000 workers across the globe.

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.