Alight (NYSE:ALIT) Sets New 12-Month Low – Should You Sell?

Shares of Alight, Inc. (NYSE:ALIT) reached a new 52-week low during trading on Tuesday . The stock traded as low as $1.46 and last traded at $1.5150, with a volume of 15187282 shares changing hands. The stock had previously closed at $1.62.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alight in a research report on Wednesday, January 21st. Wedbush reduced their target price on Alight from $7.00 to $5.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. UBS Group decreased their price target on Alight from $6.50 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. KeyCorp dropped their price objective on Alight from $6.00 to $2.50 and set an “overweight” rating for the company in a research report on Thursday, January 8th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Alight in a research note on Monday, December 8th. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Alight presently has a consensus rating of “Moderate Buy” and an average price target of $4.70.

Alight Stock Down 5.2%

The stock has a market capitalization of $818.46 million, a price-to-earnings ratio of -0.38 and a beta of 1.08. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.99. The stock has a 50 day moving average price of $1.89 and a 200 day moving average price of $2.95.

Alight (NYSE:ALIT) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). The firm had revenue of $533.00 million during the quarter, compared to analyst estimates of $539.43 million. Alight had a negative net margin of 94.23% and a positive return on equity of 7.89%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 EPS. Alight has set its FY 2025 guidance at 0.540-0.580 EPS. As a group, analysts forecast that Alight, Inc. will post 0.54 EPS for the current year.

Alight Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date was Monday, December 1st. Alight’s payout ratio is -3.91%.

Insider Transactions at Alight

In related news, Director Richard N. Massey acquired 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were bought at an average cost of $2.33 per share, with a total value of $233,000.00. Following the completion of the purchase, the director directly owned 100,000 shares in the company, valued at $233,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert A. Schriesheim bought 42,098 shares of the firm’s stock in a transaction on Wednesday, November 26th. The shares were purchased at an average cost of $2.38 per share, with a total value of $100,193.24. Following the transaction, the director directly owned 109,130 shares in the company, valued at approximately $259,729.40. This trade represents a 62.80% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 193,116 shares of company stock worth $448,984 over the last ninety days. 1.93% of the stock is owned by insiders.

Institutional Investors Weigh In On Alight

Several hedge funds and other institutional investors have recently bought and sold shares of ALIT. Ballentine Partners LLC bought a new position in shares of Alight during the 4th quarter worth about $54,000. Sequoia Financial Advisors LLC bought a new position in Alight in the fourth quarter worth approximately $44,000. Levin Capital Strategies L.P. grew its stake in Alight by 2.7% in the fourth quarter. Levin Capital Strategies L.P. now owns 808,031 shares of the company’s stock valued at $1,576,000 after acquiring an additional 20,906 shares during the period. Wealthfront Advisers LLC increased its holdings in shares of Alight by 169.9% during the fourth quarter. Wealthfront Advisers LLC now owns 49,703 shares of the company’s stock valued at $97,000 after acquiring an additional 31,289 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Alight by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 43,783,776 shares of the company’s stock worth $85,378,000 after purchasing an additional 1,205,027 shares during the period. 96.74% of the stock is owned by institutional investors.

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.