AlTi Global (ALTI) Set to Announce Earnings on Friday

AlTi Global (NASDAQ:ALTI) is scheduled to release its earnings data before the market opens on Friday, May 10th. Analysts expect AlTi Global to post earnings of $0.03 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

AlTi Global (NASDAQ:ALTI) last announced its quarterly earnings results on Friday, March 15th. The basic materials company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.15). AlTi Global had a negative net margin of 67.99% and a positive return on equity of 7.77%. The firm had revenue of $91.71 million during the quarter, compared to analysts’ expectations of $66.80 million. On average, analysts expect AlTi Global to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

AlTi Global Trading Down 1.5 %

Shares of ALTI stock opened at $4.58 on Thursday. AlTi Global has a fifty-two week low of $4.07 and a fifty-two week high of $9.22. The stock has a market cap of $546.53 million, a P/E ratio of -1.43 and a beta of 0.69. The business has a fifty day simple moving average of $5.36 and a 200-day simple moving average of $6.49. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24.

Analyst Upgrades and Downgrades

Separately, Raymond James upgraded AlTi Global from a “market perform” rating to a “strong-buy” rating and set a $9.00 price target for the company in a research report on Thursday, January 25th.

Insider Buying and Selling

In related news, Director Mark F. Furlong acquired 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was purchased at an average price of $5.43 per share, for a total transaction of $135,750.00. Following the transaction, the director now owns 25,000 shares in the company, valued at approximately $135,750. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other AlTi Global news, Director Mark F. Furlong purchased 25,000 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were purchased at an average cost of $5.43 per share, with a total value of $135,750.00. Following the purchase, the director now owns 25,000 shares in the company, valued at $135,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Cayman Holdings Ilwaddi purchased 20,000 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was acquired at an average cost of $5.15 per share, for a total transaction of $103,000.00. Following the completion of the purchase, the insider now owns 17,913,265 shares in the company, valued at approximately $92,253,314.75. The disclosure for this purchase can be found here. 27.50% of the stock is currently owned by company insiders.

About AlTi Global

AlTi Global, Inc provides wealth and asset management services individuals, families, foundations, and institutions in the United States, the United Kingdom, and internationally. It operates through two segments, Wealth Management and Strategic Alternatives. The company offers discretionary investment management, non-discretionary investment advisory, and investment management and advisory services.