Alight, Inc. (NYSE:ALIT) Receives $62.57 Consensus Target Price from Brokerages

Alight, Inc. (NYSE:ALIT) has earned a consensus rating of “Hold” from the eight research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $62.5714.

A number of equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Alight from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. DA Davidson lifted their target price on shares of Alight from $2.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Finally, Weiss Ratings downgraded Alight from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, May 7th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Alight by 57.8% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 5,177,007 shares of the company’s stock worth $10,095,000 after buying an additional 1,895,403 shares during the last quarter. Aristotle Capital Boston LLC increased its holdings in Alight by 64.7% during the third quarter. Aristotle Capital Boston LLC now owns 3,161,157 shares of the company’s stock worth $10,305,000 after buying an additional 1,241,326 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in Alight by 17.9% during the third quarter. Neuberger Berman Group LLC now owns 7,250,711 shares of the company’s stock worth $23,651,000 after buying an additional 1,102,802 shares during the last quarter. Ruffer LLP bought a new stake in Alight in the fourth quarter worth about $3,339,000. Finally, Invenomic Capital Management LP bought a new stake in Alight in the third quarter worth about $6,211,000. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Alight Stock Performance

Shares of ALIT stock opened at $20.00 on Thursday. The firm has a 50-day moving average of $14.88 and a 200-day moving average of $20.24. The company has a market cap of $534.65 million, a P/E ratio of -0.17, a P/E/G ratio of 0.30 and a beta of 1.66. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.42 and a quick ratio of 1.42. Alight has a one year low of $9.58 and a one year high of $120.80.

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.