Alight (ALIT) Projected to Post Quarterly Earnings on Tuesday

Alight (NYSE:ALIT) is expected to be posting its results before the market opens on Tuesday, May 5th. Analysts expect Alight to post earnings of $0.03 per share and revenue of $502.42 million for the quarter.

Alight (NYSE:ALIT) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.07). The company had revenue of $653.00 million during the quarter, compared to analysts’ expectations of $654.30 million. Alight had a negative net margin of 136.91% and a positive return on equity of 9.61%. On average, analysts expect Alight to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Alight Stock Up 6.5%

Alight stock traded up $0.04 during mid-day trading on Tuesday, hitting $0.70. The company had a trading volume of 5,280,766 shares, compared to its average volume of 27,926,346. The stock has a market cap of $376.29 million, a price-to-earnings ratio of -0.12, a PEG ratio of 0.22 and a beta of 1.30. Alight has a 1 year low of $0.48 and a 1 year high of $6.11. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.90. The business has a fifty day moving average of $0.73 and a 200 day moving average of $1.62.

Insider Buying and Selling at Alight

In other news, CEO Rohit Verma purchased 112,000 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was acquired at an average price of $0.89 per share, for a total transaction of $99,680.00. Following the completion of the transaction, the chief executive officer directly owned 1,134,883 shares in the company, valued at $1,010,045.87. This represents a 10.95% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders acquired a total of 242,000 shares of company stock valued at $201,280 in the last three months. Company insiders own 1.93% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Corient Private Wealth LLC raised its stake in Alight by 58.1% in the 4th quarter. Corient Private Wealth LLC now owns 58,625 shares of the company’s stock valued at $114,000 after purchasing an additional 21,552 shares during the last quarter. Invesco Ltd. raised its stake in Alight by 20.2% in the 4th quarter. Invesco Ltd. now owns 584,213 shares of the company’s stock valued at $1,139,000 after purchasing an additional 98,310 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in Alight by 104.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 27,369 shares of the company’s stock valued at $53,000 after purchasing an additional 13,988 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in Alight in the 4th quarter valued at about $90,000. Finally, Empowered Funds LLC raised its stake in Alight by 6.5% in the 4th quarter. Empowered Funds LLC now owns 2,016,544 shares of the company’s stock valued at $3,932,000 after purchasing an additional 123,610 shares during the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Analyst Ratings Changes

ALIT has been the topic of a number of research reports. Wall Street Zen upgraded shares of Alight from a “sell” rating to a “hold” rating in a research report on Saturday. Needham & Company LLC downgraded Alight from a “buy” rating to a “hold” rating in a report on Thursday, February 19th. Citigroup downgraded Alight from a “buy” rating to a “neutral” rating and reduced their target price for the company from $6.50 to $1.00 in a report on Friday, February 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Alight in a research report on Monday, April 20th. Finally, KeyCorp cut Alight from an “overweight” rating to a “sector weight” rating in a research report on Thursday, February 19th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $3.56.

Alight News Roundup

Here are the key news stories impacting Alight this week:

• Negative Sentiment: Several notices from Rosen Law Firm remind purchasers of Alight stock between Nov. 12, 2024 and Feb. 18, 2026 of a May 15, 2026 lead‑plaintiff deadline and invite investors to seek counsel. ROSEN notice
• Negative Sentiment: Portnoy Law Firm announced a class action for investors who bought ALIT between Dec. 12, 2024 and Feb. 18, 2026 and notes the May 15 deadline to file lead‑plaintiff motions. Portnoy Law Firm release
• Negative Sentiment: The Gross Law Firm issued a deadline alert reminding shareholders who purchased ALIT during the identified class period to contact the firm about possible lead‑plaintiff appointment. Gross Law Firm notice
• Negative Sentiment: Holzer & Holzer highlights allegations that Alight made materially false/misleading statements about execution and its ability to maintain its dividend; reminds investors of the May 15 deadline. Holzer & Holzer release
• Negative Sentiment: Bernstein Liebhard LLP reports that a securities‑fraud class action has been filed against Alight covering the same period and is soliciting class members. Bernstein Liebhard notice
• Negative Sentiment: Faruqi & Faruqi reminds investors of the May 15 deadline and offers direct contact for those who purchased ALIT between Nov. 12, 2024 and Feb. 18, 2026. Faruqi & Faruqi notice
• Negative Sentiment: Levi & Korsinsky and the Schall Law Firm issued investor alerts tying allegations to alleged misleading statements on dividend sustainability and encouraging lead‑plaintiff motions. Levi & Korsinsky notice Schall Law Firm notice

About Alight

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.