Alight (NYSE:ALIT) Given New $4.00 Price Target at UBS Group

Alight (NYSE:ALIT) had its target price lowered by analysts at UBS Group from $6.50 to $4.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s target price would indicate a potential upside of 67.01% from the company’s current price.

A number of other equities analysts have also recently commented on the company. Wedbush reduced their target price on Alight from $7.00 to $5.00 and set an “outperform” rating for the company in a report on Thursday. Needham & Company LLC decreased their target price on Alight from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday, August 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Alight in a report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Alight presently has a consensus rating of “Moderate Buy” and an average target price of $8.00.

Alight Price Performance

ALIT stock traded down $0.12 during mid-day trading on Thursday, hitting $2.40. The company had a trading volume of 4,452,157 shares, compared to its average volume of 8,108,019. Alight has a 12-month low of $2.36 and a 12-month high of $8.93. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.64. The company has a 50-day moving average price of $3.28 and a 200 day moving average price of $4.53. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of -1.08 and a beta of 1.02.

Alight (NYSE:ALIT) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Alight had a negative net margin of 50.37% and a positive return on equity of 6.26%. The company had revenue of $533.00 million for the quarter, compared to the consensus estimate of $539.43 million. During the same quarter in the previous year, the business earned $0.09 EPS. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. Alight has set its FY 2025 guidance at 0.540-0.580 EPS. On average, research analysts anticipate that Alight will post 0.54 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ALIT. Wealthfront Advisers LLC bought a new stake in shares of Alight during the 3rd quarter worth about $60,000. Bryce Point Capital LLC increased its stake in shares of Alight by 558.6% in the third quarter. Bryce Point Capital LLC now owns 208,200 shares of the company’s stock valued at $679,000 after buying an additional 176,588 shares in the last quarter. Tejara Capital Ltd raised its holdings in Alight by 37.8% during the 3rd quarter. Tejara Capital Ltd now owns 443,329 shares of the company’s stock worth $1,445,000 after purchasing an additional 121,573 shares during the last quarter. Keybank National Association OH bought a new stake in shares of Alight in the 3rd quarter valued at about $82,000. Finally, AE Wealth Management LLC lifted its holdings in Alight by 49.7% during the third quarter. AE Wealth Management LLC now owns 64,617 shares of the company’s stock worth $211,000 after acquiring an additional 21,463 shares in the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Alight Company Profile

Alight, Inc provides cloud-based integrated digital human capital and business solutions worldwide. The company operates through two segments, Employer Solutions and Professional Services. The Employer Solutions segment offers employee wellbeing, integrated benefits administration, healthcare navigation, financial wellbeing, leave of absence management, retiree healthcare and payroll; and operates AI-led capabilities software.