Analysts Set Alight, Inc. (NYSE:ALIT) Price Target at $62.57

Shares of Alight, Inc. (NYSE:ALIT) have earned an average rating of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $62.5714.

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

Hedge Funds Weigh In On Alight

A number of institutional investors and hedge funds have recently modified their holdings of ALIT. TradeLink Capital LLC bought a new position in Alight during the fourth quarter valued at $25,000. Strs Ohio purchased a new position in shares of Alight during the 1st quarter worth about $25,000. Moss Adams Wealth Advisors LLC purchased a new position in shares of Alight during the 4th quarter worth about $26,000. Renaissance Technologies LLC bought a new position in Alight during the 4th quarter valued at about $26,000. Finally, Evolve Private Wealth LLC bought a new position in Alight during the 1st quarter valued at about $27,000. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Alight Trading Down 0.4%

ALIT stock opened at $16.91 on Monday. The firm has a fifty day moving average price of $16.05 and a 200 day moving average price of $18.11. Alight has a fifty-two week low of $9.58 and a fifty-two week high of $108.45. The firm has a market cap of $452.03 million, a PE ratio of -0.14, a price-to-earnings-growth ratio of 0.36 and a beta of 1.61. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.42 and a current ratio of 1.42.

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.