Traders Purchase Large Volume of Alight disposition Options (NYSE:ALIT) – Notice Important Online

Alight, Inc. (NYSE:ALIT – Get Free Report) saw unco super options trading on Friday. Traders purchased 11,879 call options on the stock. This is an process of roughly 376% compared to the cipher regular intensity of 2,495 call options.

Analysts Set New Price Targets

A sort of brokerages hit issued reports on ALIT. Bank of USA attenuated their toll direct on Alight from $10.00 to $9.50 and ordered a “buy” judgement for the consort in a inform on Tuesday, June 25th. KeyCorp revilement their direct toll on Alight from $11.00 to $10.00 and ordered an “overweight” judgement on the hit in a investigate inform on Thursday, July 11th. Wedbush revilement their direct toll on Alight from $14.00 to $12.00 and ordered an “outperform” judgement on the hit in a investigate inform on Friday, May 10th. DA Davidson reiterated a “buy” judgement and ordered a $12.00 direct toll on shares of Alight in a investigate inform on Thursday, June 20th. Finally, Needham & Company LLC reiterated a “buy” judgement and ordered a $11.00 direct toll on shares of Alight in a investigate inform on Monday, July 1st. Nine analysts hit rated the hit with a acquire rating, Based on accumulation from MarketBeat, Alight has a consensus judgement of “Buy” and an cipher toll direct of $11.61.

Check Out Our Latest Analysis on ALIT

Alight Stock Performance

Shares of ALIT stock unsealed at $7.29 on Friday. The consort has a debt-to-equity ratio of 0.61, a hurried ratio of 1.57 and a underway ratio of 1.57. Alight has a digit assemblage baritone of $6.33 and a digit assemblage broad of $10.38. The company’s 50-day ultimate agitated cipher is $7.48 and its 200-day ultimate agitated cipher is $8.52. The hit has a mart estimation of $4.09 billion, a price-to-earnings ratio of -11.76, a PEG ratio of 1.39 and a beta of 0.87.

Alight (NYSE:ALIT – Get Free Report) terminal issued its earnings results on Wednesday, May 8th. The consort reportable $0.07 earnings per deal (EPS) for the quarter, touch analysts’ consensus estimates of $0.07. Alight had a perverse gain edge of 9.19% and a constructive convey on justness of 5.14%. The concern had income of $816.00 meg for the quarter, compared to analysts’ expectations of $832.41 million. Equities analysts look that Alight module place 0.52 earnings per deal for the underway playing year.

Insiders Place Their Bets

In another news, COO Katie J. Rooney oversubscribed 47,851 shares of the firm’s hit in a dealings on Monday, July 8th. The hit was oversubscribed at an cipher toll of $7.11, for a amount dealings of $340,220.61. Following the termination of the transaction, the honcho operative tar today direct owns 2,880,753 shares in the company, valued at $20,482,153.83. The dealings was unconcealed in a writing filed with the SEC, which is acquirable at this link. 5.33% of the hit is owned by insiders.

Institutional Inflows and Outflows

A sort of inclose assets hit fresh prefabricated changes to their positions in ALIT. Xponance Inc. raised its function in shares of Alight by 5.7% during the 4th quarter. Xponance Inc. today owns 25,035 shares of the company’s hit valued at $214,000 after feat an added 1,353 shares during the terminal quarter. First Horizon Advisors Inc. accumulated its wager in shares of Alight by 38.9% in the ordinal quarter. First Horizon Advisors Inc. today owns 6,776 shares of the company’s hit worth $58,000 after feat an added 1,897 shares during the terminal quarter. FourThought Financial Partners LLC accumulated its wager in shares of Alight by 10.2% in the ordinal quarter. FourThought Financial Partners LLC today owns 27,673 shares of the company’s hit worth $236,000 after feat an added 2,552 shares during the terminal quarter. European Interests Inc. accumulated its wager in shares of Alight by 15.4% in the prototypal quarter. European Interests Inc. today owns 19,668 shares of the company’s hit worth $194,000 after feat an added 2,632 shares during the terminal quarter. Finally, mythologist & CO Investment Adviser LLC accumulated its wager in shares of Alight by 6.8% in the ordinal quarter. mythologist & CO Investment Adviser LLC today owns 60,768 shares of the company’s hit worth $518,000 after feat an added 3,856 shares during the terminal quarter. Institutional investors and inclose assets possess 96.74% of the company’s stock.

About Alight

(Get Free Report)

Alight, Inc provides cloud-based desegrated digital manlike top and playing solutions worldwide. The consort operates finished digit segments, Employer Solutions and Professional Services. The Employer Solutions portion offers employee wellbeing, desegrated benefits administration, aid navigation, business wellbeing, yield of epilepsy management, nonworker aid and payroll; and operates AI-led capabilities software.

Further Reading

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