Alight, Inc. (NYSE:ALIT) Receives $13.00 Consensus Value Goal from Analysts


Alight, Inc. (NYSE:ALITGet Loose Document) has won a consensus advice of “Purchase” from the six rankings corporations which can be protecting the company, MarketBeat reviews. Six analysts have rated the inventory with a purchase ranking. The typical 1-year goal charge amongst agents that experience up to date their protection at the inventory within the closing yr is $13.00.

ALIT has been the subject of a number of fresh analyst reviews. TheStreet upgraded Alight from a “d” ranking to a “c-” ranking in a document on Thursday, August seventeenth. Citigroup started protection on Alight in a document on Monday, June twelfth. They set a “purchase” ranking and a $12.00 charge purpose at the inventory. Needham & Corporate LLC reaffirmed a “purchase” ranking and set a $13.00 goal charge on stocks of Alight in a analysis notice on Wednesday, August 2d. In the end, KeyCorp reduced their goal charge on Alight from $15.00 to $12.00 and set an “obese” ranking at the inventory in a analysis notice on Thursday, August third.

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Insider Process at Alight

In comparable information, main shareholder Holdings I/Ii Gp L. Blackstone offered 14,704,603 stocks of the industry’s inventory in a transaction that happened on Tuesday, August twenty second. The inventory was once offered at a mean charge of $7.98, for a complete worth of $117,342,731.94. Following the final touch of the sale, the insider now owns 43,602 stocks of the corporate’s inventory, valued at roughly $347,943.96. The sale was once disclosed in a record filed with the SEC, which is to be had at this hyperlink. 3.66% of the inventory is lately owned via corporate insiders.

Institutional Traders Weigh In On Alight

A number of institutional buyers and hedge finances have just lately added to or diminished their stakes within the inventory. Tower Analysis Capital LLC TRC lifted its holdings in Alight via 6.4% within the third quarter. Tower Analysis Capital LLC TRC now owns 17,748 stocks of the corporate’s inventory price $130,000 after buying an extra 1,071 stocks throughout the closing quarter. Ensign Height Advisors Inc lifted its holdings in stocks of Alight via 1.3% throughout the primary quarter. Ensign Height Advisors Inc now owns 93,130 stocks of the corporate’s inventory price $858,000 after purchasing an extra 1,200 stocks throughout the closing quarter. Amalgamated Financial institution lifted its holdings in stocks of Alight via 2.8% throughout the fourth quarter. Amalgamated Financial institution now owns 44,643 stocks of the corporate’s inventory price $373,000 after purchasing an extra 1,217 stocks throughout the closing quarter. Nisa Funding Advisors LLC lifted its holdings in stocks of Alight via 15.8% throughout the primary quarter. Nisa Funding Advisors LLC now owns 9,878 stocks of the corporate’s inventory price $91,000 after purchasing an extra 1,350 stocks throughout the closing quarter. In the end, Strs Ohio lifted its holdings in stocks of Alight via 5.6% throughout the second one quarter. Strs Ohio now owns 28,300 stocks of the corporate’s inventory price $261,000 after purchasing an extra 1,500 stocks throughout the closing quarter. 79.56% of the inventory is lately owned via institutional buyers and hedge finances.

Alight Value Efficiency

Stocks of Alight inventory opened at $7.79 on Friday. The corporate has a present ratio of one.23, a handy guide a rough ratio of one.23 and a debt-to-equity ratio of 0.56. The corporate’s 50-day shifting reasonable charge is $8.91 and its two-hundred day shifting reasonable charge is $8.96. Alight has a 52 week low of $7.01 and a 52 week excessive of $10.19. The inventory has a marketplace cap of $4.34 billion, a PE ratio of -15.58, a price-to-earnings-growth ratio of two.09 and a beta of 0.74.

Alight (NYSE:ALITGet Loose Document) closing posted its quarterly revenue knowledge on Tuesday, August 1st. The corporate reported $0.07 revenue in keeping with proportion (EPS) for the quarter, topping the consensus estimate of $0.06 via $0.01. The company had income of $806.00 million for the quarter, in comparison to the consensus estimate of $796.54 million. Alight had a favorable go back on fairness of three.32% and a adverse internet margin of seven.12%. As a bunch, sell-side analysts wait for that Alight will put up 0.36 EPS for the present fiscal yr.

About Alight

(Get Loose Document

Alight, Inc supplies cloud-based built-in virtual human capital and industry answers in the USA and the world over. It operates via 3 segments: Employer Answers, Skilled Products and services, and Hosted Industry. The corporate’s answers permit workers to counterpoint their well being, wealth, and wellbeing, which is helping organizations succeed in a high-performance tradition.

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Analyst Recommendations for Alight (NYSE:ALIT)

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