Castlight Health (CSLT) Set to Announce Earnings on Thursday

Castlight Health (NYSE:CSLT) will be issuing its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

NYSE CSLT opened at $3.67 on Thursday. The firm has a market cap of $533.89 million, a P/E ratio of -22.94 and a beta of 1.58. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.02. Castlight Health has a fifty-two week low of $1.86 and a fifty-two week high of $5.95.

CSLT has been the topic of several analyst reports. ValuEngine upgraded Castlight Health from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Zacks Investment Research upgraded Castlight Health from a “hold” rating to a “strong-buy” rating and set a $4.50 target price on the stock in a research report on Wednesday, March 6th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $5.06.

In other Castlight Health news, CEO John C. Doyle sold 22,956 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $3.13, for a total transaction of $71,852.28. Following the sale, the chief executive officer now directly owns 276,773 shares of the company’s stock, valued at $866,299.49. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Neeraj Gupta sold 12,500 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $3.80, for a total value of $47,500.00. Following the sale, the executive vice president now directly owns 265,255 shares in the company, valued at $1,007,969. The disclosure for this sale can be found here. Insiders have sold 71,342 shares of company stock worth $233,445 over the last quarter. 22.58% of the stock is owned by company insiders.

An institutional investor recently raised its position in Castlight Health stock. Geode Capital Management LLC raised its holdings in shares of Castlight Health Inc (NYSE:CSLT) by 11.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 827,870 shares of the software maker’s stock after acquiring an additional 85,867 shares during the quarter. Geode Capital Management LLC owned approximately 0.59% of Castlight Health worth $1,795,000 as of its most recent SEC filing. 49.79% of the stock is owned by hedge funds and other institutional investors.

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Castlight Health Company Profile

Castlight Health, Inc provides a software-as-a-service platform used for health benefits navigation for employees in the United States. Its platform matches employees to the resources their employers make available to them; managing a condition; and assists them to manage their benefits. The company also offers implementation, user and customer support, and marketplace services.

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Earnings History for Castlight Health (NYSE:CSLT)

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