AlTi Global (ALTI) Scheduled to Post Quarterly Earnings on Friday

AlTi Global (NASDAQ:ALTI) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, May 10th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

AlTi Global (NASDAQ:ALTI) last released its quarterly earnings results on Friday, March 15th. The basic materials company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.15). AlTi Global had a positive return on equity of 7.77% and a negative net margin of 67.99%. The company had revenue of $91.71 million during the quarter, compared to analyst estimates of $66.80 million. 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 Stock Performance

NASDAQ ALTI opened at $4.65 on Wednesday. AlTi Global has a fifty-two week low of $4.07 and a fifty-two week high of $9.22. The stock has a market cap of $554.88 million, a price-to-earnings ratio of -1.45 and a beta of 0.69. The business has a fifty day moving average of $5.36 and a 200-day moving average of $6.49. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24.

Insider Activity

In other news, insider Brooke Connell sold 15,000 shares of AlTi Global stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $5.07, for a total value of $76,050.00. Following the completion of the sale, the insider now owns 190,772 shares of the company’s stock, valued at $967,214.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Mark F. Furlong purchased 25,000 shares of the stock in a transaction on Tuesday, April 2nd. The stock was purchased at an average price of $5.43 per share, with a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brooke Connell sold 15,000 shares of AlTi Global stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $5.07, for a total transaction of $76,050.00. Following the sale, the insider now directly owns 190,772 shares in the company, valued at approximately $967,214.04. The disclosure for this sale can be found here. Company insiders own 27.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Raymond James raised AlTi Global from a “market perform” rating to a “strong-buy” rating and set a $9.00 price target 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.