Alight, Inc. (NYSE:ALIT – Get Free Report) rose 12.6% during mid-day trading on Tuesday . The company traded as high as $18.79 and last traded at $18.82. 511,386 shares were traded during trading, a decline of 64% from the average daily volume of 1,420,468 shares. The stock had previously closed at $16.71.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Weiss Ratings lowered shares of Alight from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded Alight from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Finally, DA Davidson upped their target price on Alight from $2.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Alight presently has an average rating of “Hold” and an average target price of $62.57.

View Our Latest Stock Report on ALIT

Alight Stock Performance

The stock’s 50-day moving average price is $14.65 and its 200-day moving average price is $20.55. The company has a market cap of $502.52 million, a P/E ratio of -0.16, a PEG ratio of 0.22 and a beta of 1.66. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.42 and a quick ratio of 1.42.

Institutional Trading of Alight

A number of institutional investors have recently bought and sold shares of the business. Militia Capital Management LLC acquired a new position in shares of Alight during the 1st quarter worth approximately $661,000. Essential Partners LLC raised its position in shares of Alight by 691.5% in the first quarter. Essential Partners LLC now owns 57,333 shares of the company’s stock valued at $33,000 after buying an additional 50,089 shares in the last quarter. Bull Harbor Capital LLC acquired a new stake in shares of Alight in the first quarter valued at approximately $31,000. Royal Bank of Canada boosted its stake in shares of Alight by 11.4% in the first quarter. Royal Bank of Canada now owns 167,489 shares of the company’s stock valued at $97,000 after buying an additional 17,076 shares during the period. Finally, Empowered Funds LLC grew its position in Alight by 5.5% during the first quarter. Empowered Funds LLC now owns 2,127,000 shares of the company’s stock worth $1,239,000 after buying an additional 110,456 shares in the last quarter. Institutional investors own 96.74% of the company’s stock.

Alight Company Profile

(Get Free Report)

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.

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