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In a recent transaction, Robert A. Schriesheim, a director at Alight, Inc. (NYSE:ALIT), acquired 22,092 shares of the company’s Class A common stock. The timing is notable as the stock trades near its 52-week low of $6.15, with InvestingPro analysis indicating the company is currently undervalued. The purchase, which took place on March 3, 2025, amounted to a total value of approximately $150,000. The shares were bought at a weighted average price of $6.7898 per share, with the transaction price ranging from $6.785 to $6.79. This acquisition increased Schriesheim’s direct ownership in the company to 22,092 shares. The insider purchase aligns with broader management confidence, as InvestingPro data shows aggressive share buybacks and analysts projecting profitability this year. With a market cap of $3.4 billion and analyst price targets ranging from $8 to $12, investors can access detailed valuation metrics and 6 additional ProTips through InvestingPro’s comprehensive research reports.
In other recent news, Alight Solutions reported its fourth-quarter earnings, which fell slightly short of analyst expectations, prompting DA Davidson to maintain its Buy rating with a $10 price target. The company has projected an adjusted EBITDA increase of 4% to 9% year-over-year by 2025, aided by a $55 million annual savings from a restructuring program. Meanwhile, JPMorgan has maintained a Neutral rating on Alight Solutions, adjusting its revenue growth expectations for a slower start to 2025 due to conservative outlooks on nonrecurring project revenue. In terms of corporate governance, Alight appointed Russell Fradin as the new Chairman of the Board, effective March 1, 2025, as part of a board transition aligned with its Cooperation Agreement with Starboard. Additionally, the company declared a quarterly cash dividend of $0.04 per share on its Class A Common Stock, payable on March 17, 2025. Alight has also promoted Allison Bassiouni to Chief Delivery Officer and Deepika Duggirala to Chief Technology Officer, effective January 1, 2025. These leadership changes are part of Alight’s strategy to enhance service delivery and accelerate technological innovation. The company continues to focus on personalized benefits management and data-driven insights through its Alight Worklife® platform.
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